Gulf Keystone Petroleum Share Discussion Threads

[giant_canine] 23/4/2022 12:00

193,180 after Friday market close buy @247.36

Every day last week large worked buys - reported in and after hours.

[turvart] 23/4/2022 10:36

Habshan cheers that was good reading.

Some traders in oil seem to think the oil price could be heading for $200 if this war continues, personally I can't see it but I can imagine 140-150 area.

[habshan] 23/4/2022 09:55

Atty - "Couldn't read the article as i have used up my free reading allowance!"

Here we go, it's an interesting report:-



"The Second Wave of the Russian Oil Shock Is Starting

The lights are dimming over the Russian oil industry – literally.The Kremlin is doing its best to conceal the full impact of formal and informal energy sanctions after its invasion of Ukraine. But Moscow can’t hide from the satellites above Siberia that measure the amount of light its oilfields emit as unwanted gas is burned, or flared: The higher the production, the more flaring and the more light – and vice versa.The flaring data, combined with anecdotal information from traders and leaks of official Russian statistics, suggest that eight weeks into the war, Moscow is finally succumbing to the impact of government-imposed penalties and companies’ self-sanctions. On average, Russian oil output is down 10% from its pre-war level.

More production losses are likely as Western refiners and traders walk away from Russia upon the expiry of supply contracts in coming weeks. The European Union is also considering baby steps to reduce its purchases of Russian oil, trying to find ways to sidestep German opposition to the measures. “We are currently developing smart mechanisms so that oil can also be included in the next sanctions package,” EU Commission President Ursula von der Leyen told the Bild am Sonntag.For consumers – and central banks in inflation-fighting mode – declining Russian production signals the beginning of a second, and likely longer lasting, wave of oil price increases. For Vladimir Putin, the stakes are even higher: revenue from oil and gas sales has so far helped cushion the blow of international sanctions, stabilizing the ruble and financing his military machine. A lasting decline in production that outweighs any price increase would be a longer-term headwind for Russia’s economy on top of the direct costs of the war.The first phase of the oil-price shock from Putin’s invasion was as intense as it was brief. Russian output proved more resilient than expected; China’s Covid lockdowns reduced demand, and the U.S. and its allies released millions of barrels from their strategic petroleum reserves. Brent, the global oil benchmark, initially surged to $139.13 a barrel on March 7 in the first days of the Russian military campaign but retreated nearly 30% to a low of $97.57 a barrel by April 11.The second phase is likely play out in slow motion over a longer period, risking more economic havoc. Brent crude has already climbed back to near $110 a barrel, and prices will probably rise gradually as the market absorbs the supply losses. Seasonal peak demand is still two-and-a-half months away, with the summer holiday period of the northern hemisphere, and retail gasoline prices are sure to climb.Brent has averaged $99.20 a barrel so far this year. In 2008, when prices hit an all-time high, the average price year-to-date at this time of year was $98.40 a barrel. The only potential relief is bad economic news: a recession in the U.S. and Europe is the clearest obstacle to $100-plus oil.Russian oil production is likely to drop further in coming months, judging by statistics from OilX, a consultancy that uses imaging data from NASA satellites to measure flaring. It estimates that output fell earlier this month to a low of 9.76 million barrels a day. On average, Russia pumped about 10.2 million barrels a day in the first two weeks of April. While the losses appear to have stabilized in recent days, April represents a big drop from the 11.1 million of February, before the impact of the invasion of Ukraine, and the 11 million of March. The behavior of the Russian oil companies themselves highlights the declining international demand for their product. State-controlled Rosneft PJSC is trying to sell millions of barrels of crude in Europe and Asia via tenders that close on Thursday. Typically, Rosneft sells via long-term deals with commodity traders like Vitol Group, Trafigura Group and Glencore Plc. But Western traders face a deadline of May 15 from the EU that restricts their dealings with Rosneft and several other Russian companies to “essential” activity needed to supply the EU. What essential means is open to interpretation, and for now many traders are simply reducing their dealings. If the production losses so far in April continue and deepen in May, as many in the industry expect, the laws of supply and demand will take over. Oil markets are like the proverbial tanker: they take time to turn. But turning they are. And that means prices are heading higher, again. "

[attyg] 23/4/2022 09:15

[...]

The lights are dimming over the Russian oil industry – literally.
Satellite imagery shows reduction in gas flaring over Russian oil fields - suggests Russian oil going off market quicker than Kremlin wants to let on an likely result being oil price staying higher and for longer.

Couldn't read the article as i have used up my free reading allowance!

[turvart] 23/4/2022 09:11

Sorry to hear about your friend guys.

[steephill cove] 23/4/2022 08:38

Thats really sad RIP a4lto 🤦‍a94;️

[thebabe] 23/4/2022 07:47

193,180 after market buy @247.36

[releasethekraken] 23/4/2022 07:06

NOBULL and Putup working Friday nights lol

[releasethekraken] 23/4/2022 07:03

He loved scooters , and unbelievably he started racing them recently and had a fatal accident when doing so

[arcadian] 22/4/2022 21:52

Bonnard

Probably through the pipeline arrangements.

[nestoframpers] 22/4/2022 21:39

Cor blimey a4lto gone ! not that old either 40's .

[nestoframpers] 22/4/2022 21:38

Dont know Bonnard , MOL is Hungarian which supports Russia and they have 12% of Shaikan . But most the G20 support Russia in as much they are not imposing sanctions , it is just the globalist Western Gov's that are Putin bashers.

[0ili0] 22/4/2022 21:37

Another LTH gone. RIP a4tlo

[bonnard] 22/4/2022 21:28

I bought a few GKP last week and plan to get more next week. Reading through the full year results there is a sentence which says

'While there has been no impact on our operations to date, we are closely monitoring the developing situation in Ukraine. This includes potential sanctions being imposed on Russian entities, which could adversely impact our business. '

How can sanctions against Russia be of concern to GKP?

[2 risky] 22/4/2022 19:37

You appear to have 11 deluded followers John,50 bagger? Tongue in cheek maybe lol if this goes for twice todays price i will be amazed.

[pensioner2] 22/4/2022 19:22

193k buy after hours.

[johnbuysghost] 22/4/2022 16:16

It's wine time as I calculate how much GKP is actually worth.........

At least a 50 bagger from the current share price comes to mind.

[thebabe] 22/4/2022 16:15

Here's the GKP fruit machine that always pays out bigger HTTPS://dividenddata.co.uk/dividend-calculator.py?epic=GKP

[thebabe] 22/4/2022 16:14

HTTPS://twitter.com/ChicagoJack5/status/1517446306335281154?t=PcY_4-9QC_LphvWqMXtxDQ&s=19

[thebabe] 22/4/2022 16:12

100,000 @ 248.67

[thebabe] 22/4/2022 16:11

CapitalAnybody got an LSE account.Tell StrayCat that there was an alterior motive for the share buybacks.Add up in total how many were bought back.........coincidentally very nearly same amount in total that Capital were gifted at Restructure...It was to pay them out for holding whilst the company needed protection from hostile interference.

[thebabe] 22/4/2022 15:31

Anybody got an LSE account.Tell StrayCat that there was an alterior motive for the share buybacks.Add up in total how many were bought back.........coincidentally very nearly same amount in total that Capital were gifted at Restructure...It was to pay them out for holding whilst the company needed protection from hostile interference.