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Why I'm considering switching my Gulf Keystone holding for Genel instead

Gulf Keystone Petroleum (GKP) and Genel Energy (GENL) are good examples of what can happen when geo-political factors come into play and highlight why you always need to consider those risks.

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Gulf Keystone Petroleum (#GKP) – notes local sales and “continue to believe the suspension of Kurdistan crude exports will be temporary”

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Gulf Keystone (#GKP) – updates encouraged by ongoing engagement re. currently suspended exports but no timeline and focusing on costs

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Gulf Keystone carries plenty of political risk until production resumes, but the upside makes it worth taking at this stage - speculative buy

As you would expect, Gulf Keystone (GKP) has been severely impacted by the suspension of oil exports from Kurdistan to Turkey, following Iraq’s victory in an international arbitration case which deemed that some aspects of the deal between the other two parties were illegal.

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Gulf Keystone Petroleum (#GKP) – expects to shut-in production processed at Production Facility 1 today, ‘continues to believe suspension of exports will be temporary’

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Gulf Keystone Petroleum (#GKP) – notes pipeline shut-in, to shortly suspend production though also notes public statements confidence

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Gulf Keystone is well positioned to benefit from continued oil price strength - BUY

Oil has been showing signs of weakness in recent months after hitting highs of nearly $140/barrel – for Brent – earlier this year, and has suffered over concerns about the economic situation in many countries in the coming months.

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Gulf Keystone Petroleum (#GKP) – “tightening 2022 gross production guidance to 44,000 - 47,000 bopd”

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Gulf Keystone Petroleum (#GKP) – proposed $50m special dividend

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Karma: Tod Kozel of £1 billion ramp Gulf Keystone infamy sent to prison for 5 years

Do you remember when Gulf Keystone (GKP) was the darling of the Bulletin Board Morons?  Its market cap surged to £1 billion as its lying charlatan of a founder and CEO Tod Kozel claimed it had reserves greater than Shell.  The self described “Tod Squad” of Bulletin Board worshippers insisted that folks like myself, Lucian and Was Shakoor who called out Tod’s bogus claims and the insane valuation were being reported to the FCA and would go to jail. Oh what sweet irony…