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GKP
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10 years 2 months ago - 10 years 2 months ago #13295
by Trendfriend
Replied by Trendfriend on topic GKP
No, i don't think so...
the double bottom @ 20.25p has been broken, and pierced.... although it has bounced back, it is hanging around that level now....
Chances are this will most likely close at or close to today's lows...
The correct trade here is short... but any news will send it rocketing higher... so not worth the risk...and the long is also a gamble, as technically this is bearish....
unless you want to gamble stay out imho...
Regards,
trendfriend.
the double bottom @ 20.25p has been broken, and pierced.... although it has bounced back, it is hanging around that level now....
Chances are this will most likely close at or close to today's lows...
The correct trade here is short... but any news will send it rocketing higher... so not worth the risk...and the long is also a gamble, as technically this is bearish....
unless you want to gamble stay out imho...
Regards,
trendfriend.
Last edit: 10 years 2 months ago by Trendfriend.
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10 years 3 months ago - 10 years 3 months ago #13279
by Earlgreyhot
Replied by Earlgreyhot on topic GKP
Wondering the same.
News/fundamentals-wise, GKP received two payments from KRG in Sept and Oct towards oil already produced and sold by KRG (that GKP haven't been paid for yet currently totalling over $250m IIRC) of $12m each time and paid roughly mid-month. Many not unreasonably believe the key to improving investor/market sentiment is for payments to be regular and hopefully escalating in amount paid per month. The November payment being now later than expected (but still widely expected given the upcoming Kurdy O&G Conference in London early next week) allied with both POO and very recent geopolitical developments in the ME area in general aren't helping here obviously. Major concern GKP-wise is money in the kitty dwindling rapidly even with reduced OPEX to the point that without REGULAR monthly payments the kitty runs dry to the point that BHrs get involved… KRG have also been ordered to pay DANA $100m within the next week or so which won't be helping the KRG kitty currently strained by Peshmerga and immigrant expenses and low POO).
As ever - in my experience with GKP at least - no more than a punt that could go either way.
Good luck to any here deciding to take a punt!
News/fundamentals-wise, GKP received two payments from KRG in Sept and Oct towards oil already produced and sold by KRG (that GKP haven't been paid for yet currently totalling over $250m IIRC) of $12m each time and paid roughly mid-month. Many not unreasonably believe the key to improving investor/market sentiment is for payments to be regular and hopefully escalating in amount paid per month. The November payment being now later than expected (but still widely expected given the upcoming Kurdy O&G Conference in London early next week) allied with both POO and very recent geopolitical developments in the ME area in general aren't helping here obviously. Major concern GKP-wise is money in the kitty dwindling rapidly even with reduced OPEX to the point that without REGULAR monthly payments the kitty runs dry to the point that BHrs get involved… KRG have also been ordered to pay DANA $100m within the next week or so which won't be helping the KRG kitty currently strained by Peshmerga and immigrant expenses and low POO).
As ever - in my experience with GKP at least - no more than a punt that could go either way.
Good luck to any here deciding to take a punt!
Last edit: 10 years 3 months ago by Earlgreyhot.
The following user(s) said Thank You: Trendfriend, Paitech
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10 years 3 months ago - 10 years 3 months ago #13276
by Trendfriend
Replied by Trendfriend on topic GKP
Last edit: 10 years 3 months ago by Trendfriend.
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