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Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 239.50Bid: 238.50Ask: 239.00Change: 25.00 (+11.66%)Riser - Gulf Keystone
Spread: 0.50Spread as %: 0.21%Open: 235.00High: 240.00Low: 231.50Yesterday’s Close: 214.50


Share Discussion for Gulf Keystone Petroleum


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Cockeye
Posts: 188
Opinion:No Opinion
Price:214.00
RE: AGM..
Wed 15:58
I left my heart in Amsterdam the last time I was there, but we shan't say anymore about that.
 
Swingoutsister
Posts: 2
Opinion:Hold
Price:215.50
RE: AGM..
Wed 13:31
I will be going it should be good and I love Amsterdam anyway so any excuse
JohnLewis79
Posts: 9,477
Opinion:No Opinion
Price:215.00
AGM..
Wed 12:26
Lem...u going to Amsterdam for Gkp annual barnfest?
Bantercity
Posts: 81
Opinion:Strong Buy
Price:216.00
RE: RNS - AGM
Wed 10:58
Excited to say i will be attending my first GKP AGM
Oilman63
Posts: 784
Opinion:No Opinion
Price:215.00
Jaap Clearout No
Wed 10:49
You are such a fake clueless fool.
Phil has been one of the most active directors that Gulf have ever had and also been the longest serving.
I for one wish him well in his retirement.
surreyscot
Posts: 698
Opinion:Strong Buy
Price:215.00
Jaap clearout ?
Wed 10:34
Philip Dimmock, Senior Independent Director, will be retiring from the Board and so will not be standing for re-election at the forthcoming AGM.
4leafclover
Posts: 3,756
Opinion:No Opinion
Price:216.50
RNS - AGM
Wed 10:17
RNS Number : 9821R
Gulf Keystone Petroleum Ltd.
20 June 2018

20 June 2018

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Notice of Annual General Meeting

Gulf Keystone announces that the Company's 2018 Annual General Meeting ("AGM") will be held on Friday 13 July 2018 at the Sheraton Amsterdam Airport Hotel and Conference Centre, Schiphol Boulevard 101, 1118BG Schiphol, The Netherlands, at 10:00 am (local time).

Philip Dimmock, Senior Independent Director, will be retiring from the Board and so will not be standing for re-election at the forthcoming AGM.

The Notice of AGM will be posted to shareholders today and a copy of the Notice will also be made available on the Company's website: http://www.gulfkeystone.com

Jaap Huijskes, Gulf Keystone's Non-Executive Chairman, said:

"On behalf of the Board and the Company, I would like to thank Philip Dimmock for his considerable contribution to GKP since joining the Board in 2013. His support has been invaluable throughout a period of significant change for the Company. We wish him all the best with his future endeavours. The Company has previously announced that it intends to appoint additional independent non-executive directors and an announcement will be made at the appropriate time."
CrudeTrader
Posts: 12
Opinion:No Opinion
Price:216.00
RE: pipeline
Wed 10:10
The next big thing is the 2nd amendment agreement.
Cockeye
Posts: 188
Opinion:No Opinion
Price:216.00
RE: pipeline
Wed 10:08
Shipscook, Just to let you know 'Magnum PI' is on twitter, and seems bearish on GKP. He seems to rely on TA for his reasoning.

He tweeted yesterday in response to Baron Day Trader, who is very bullish on GKP, in which his tweet with a chart said 'Bearish divergence. Needs to test flag and retest 223 for bulls. If May close goes then its 171 first support'.

Which is a reasonable enough comment and analysts are bearish on the short term price of crude which if it has a significant dip may take our SP back down, but his comments below signify he might be deramping.

No point trying to deramp here fella, there isn't that many of us left who hold any equity and those that do are teflon to such nonsense. We've had ISIS 25 miles from our investment, and the BIG red numbers that goe along with that, so do you really think we're going to be unnerved by a day trader?
gazebo79
Posts: 787
Opinion:No Opinion
Price:213.50
RE: Has
Wed 09:29
Thanks
Nickel_Investor
Posts: 1,881
Opinion:No Opinion
Price:217.00
RE: Has
Wed 09:09
yesterday's update was lower than January but then $800,000 higher than the previous update. This was based on a oil price in the mid $60s so guess bodes well if production stays flat (seeing that oil prices have been rising)
MikeyT21
Posts: 30,885
Premium Chat Member
Opinion:No Opinion
Price:216.50
RE: Nickel_Investor
Wed 08:36
https://www.screencast.com/t/BGnWSyR7tk7

Shown are the all Venue Volumes for the 15th, 18th & 19th June of 8,485,615

LIT = Auto Trades
Off Book = Ordinary Trades

In case the page opens for you
http://fragmentation.fidessa.com/venuestats/v1/
gazebo79
Posts: 787
Opinion:Hold
Price:217.00
Has
Wed 08:28
Production been down/price of oil lower compared to January? Wondering why the drop in revenue. Only an observation.
MikeyT21
Posts: 30,885
Premium Chat Member
Opinion:No Opinion
Price:213.50
RE: Nickel_Investor
Tue 20:58
MikeyT21
Posts: 30,885
Premium Chat Member
Opinion:No Opinion
Price:213.50
Nickel_Investor
Tue 20:52
"Funny how that when sells come in the ATs take it higher. Shows how much demand there is on the broker and ii side."

It is only Auto Trades which interact with the Book and by that interaction it is only the Auto Trades which change the Spread as they Sell & Buy to and from the Book. Ordinary Trades (OT's) take no direct part in moving the Spread or SP, unless a DMM needs to use the Book to sell or buy from.
WINS is the only DMM who is presently "working" that is Licence to work Ordinary trades & Auto Trades, and is presently supplying the OT Market, while PEEL, VFIL and CFEP are only DMM's presently working are only Licenced to work the ATs.

After the 106p low on the 9th Feb it was as though a "light" had suddenly lit up as the Auto Trades picked up substantially from c. 40% and less of the daily trades percentage to plus 80% & even one day going as high as 92% of the daily traded amount.

It is the Auto Trade sell & buy Volumes which drive "all" SETS traded stocks both up and down, and as most Auto Trade's are CFD trades, the DMM's "use" those "margined" CFD AT's as their "suppliers" to fill large Orders and for their own held stock for selling on the Ask to willing Buyers. With their specialist Fidessa DMM Algorithmic Programs the Bid and Ask are were the DMM's fill & disperse Insti Orders as well as buy & sell to & from CFD orders

Take a look at the Trade Percentages last Friday during the walk down to the 211 low and Monday as the price was walked down to the 201p AT Low then back up again to the 219 high today.

Friday
LSE Total . . . 1,677,580
AT Totals . . . 1,102,194 . . . 65.70% . . orders mainly shaken out in the walk down
OT Totals . . . 575,389 . . . . 34.30%

Monday
Total LSE . . . 1,539,565
AT Totals . . . 1,216,133 . . . 79.99%
OT Totals . . . 323,432 . . . . 20.01%

Today
Total LSE . . . 1,914,681
Total ATs . . . 1,636,637 . . .65.47%
Total OTs . . . 661,044 . . . . 34.53%

The DMM's walked the price down on Friday & Monday to obtain any AT Sell Market Orders they could buy, then walked the price back up while buying from the Ask, and probably the movements were to Fill an Insti or other large Order, plus & or to replenish their own depleted books.

Take a wander through the Fidessa website and check out what they as the Market leaders do for all part of the Wholesale Trade

https://www.fidessa.com/about-us
theshipscook1
Posts: 2,705
Opinion:No Opinion
Price:213.50
RE: pipeline
Tue 19:53
Magnum. You have an odd posting history.

Do you hold GKP?

If not, why are you here?

You smell of a trolls toenail clippings
Nickel_Investor
Posts: 1,881
Opinion:No Opinion
Price:216.50
RE: pipeline
Tue 13:04
Funny how that when sells come in the ATs take it higher. Shows how much demand there is on the broker and ii side.

"Shaikan oil back in Kurdistan export pipeline since November" - Last GKP Presentation
MagnumP.Investor
Posts: 250
Opinion:No Opinion
Price:217.50
RE: pipeline
Tue 12:33
None of the shareholders business?

If any of the majors were interested or the KRG were 100% confident of Shaikan's potential, then that spur would be a priority. Yet here we are, years from first production and still trucking crude. No sign of an updated CPR either.
Invstrat
Posts: 490
Opinion:No Opinion
Price:217.00
RE: pipeline
Tue 12:18
Why on earth would the BoD tell us anything about whether we are trucking oil or have linked into the nearby pipeline ?

That's none of your business.

But here's a clue: The Trucking contractor is a Barzani owned outfit (so best not to mess with that nice little earner).
MagnumP.Investor
Posts: 250
Opinion:No Opinion
Price:217.00
pipeline
Tue 12:09
connected yet? They still trucking crude?

Also how's PF 1 and 2 looking, any sign of that updated CPR?
weathervane
Posts: 1,113
Opinion:No Opinion
Price:216.00
RE: Cash position.
Tue 11:48
Very nice, just as long as you are a director, and not a rosy eyed private investor.
Lemming99
Posts: 743
Opinion:Strong Buy
Price:215.50
Net cash to dollar marcap ratio
Tue 11:31
I've said it before and I'll say it again. Genel and GKP are now relatively more stable compared to most other asset classes around the world. That's not to say that they are not volatile, or stable indeed, but it is to say that the GG's of KRI compared to the rest of the world are fast becoming a relatively safer place to stash your cash than they have been in the last 3 years. (e.g. they were a 3 out of 10 last year in terms of wealth safety, perhaps they are now a 4 out of 10.). Meanwhile the rest of the world has gone from a 7 out of 10 to perhaps a 6 out of 10 of wealth safety.

Anyway, to the main topic of the day.

Cast your mind back to 31 Dec 2017, the share price was 107.25 and GKP had a net cash position of 18.33% of its total USD marcap. (using exch rate 1.33)

If we use that ratio today, it would indicate that GKP should have $121m as a net cash position with an SP of 216.5.

However, using the daily cash generation figure from 31 Dec to 10 Apr of $430k, we can estimate today's cash balance as $233.1m and a higher net cash position of $133.1m.

The question I have, is how strong is the correlation of share price to net cash?

Back in April net cash got as high as 25.89% of marcap.

So I hear you ask, if the net cash trend can influence the SP, what is the trend in the net cash?

On day 100 (10th April) it was up 72%
On day 170 (19th June) it was up 122%

The last couple of months of payments have been based on an average OP of mid 60's. Next months will be based on a higher average, but let's conservatively assume GKP continue with the same daily cash generation of $430k.

By day 365 (31st Dec) net cash would be $217m. If we use a ratio of 20% net cash to dollar marcap that indicates 5x$217m = $1.085bn marcap which is an SP of 355.5 at 1.33 exch rate.

That's a 64% rise from 216.5

As previously calculated a 10% rise in average OP from 66 to 72.6 causes more than a 10% rise in GKP revenues, so I might have to re-visit this prediction in the coming months.
Armasmaximilian
Posts: 2,602
Opinion:No Opinion
Price:216.00
300
Tue 11:19
By August 30 I reckon now
Nickel_Investor
Posts: 1,881
Opinion:No Opinion
Price:216.00
RE: Rns- March payment
Tue 11:14
Ahead of Genel too I believe Ship?
Nickel_Investor
Posts: 1,881
Opinion:No Opinion
Price:216.00
RE: Hammer time
Tue 11:13
Hammer candle from yesterday following up today. Looking good




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