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GKP

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10 years 2 months ago #13297 by Monkeyz
Replied by Monkeyz on topic GKP
I'd avoid too, plenty of other opportunities out there at the moment.
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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.
Last edit: 10 years 2 months ago by Trendfriend.
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10 years 2 months ago #13294 by abudawud
Replied by abudawud on topic GKP
Any one considering a punt on this?

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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!
Last edit: 10 years 3 months ago by Earlgreyhot.
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10 years 3 months ago - 10 years 3 months ago #13276 by Trendfriend
Replied by Trendfriend on topic GKP
Anyone else think this may be worth a long at the double bottom level of 20.25p?? (if it gets there)
Hmmm... should be support at that level... no idea about news or fundamentals here tbh...
Regards,
Trendfriend.


Last edit: 10 years 3 months ago by Trendfriend.
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10 years 4 months ago - 10 years 4 months ago #13039 by Greville
Replied by Greville on topic GKP
Are we at last going to see the 123 breakout B)
I understand the CPR may have been delayed a few days, but that it may be good... the final boost we need?

Last edit: 10 years 4 months ago by Greville.
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