UK 00:43 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As a bear of Gulf Keystone (GKP) since 180p, I note that the shares are now just 11p after the publication of results which are at every level just a disaster - even today this is a storming sell. Where to start?
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Comments
alcira16247
Tom
Hat tip for calling this one dead right from the beginning, despite the protestations of the collective brain numbed!
As even the much more financially sound asset richer Genel is finding, its tough going whilst not only being hit with the lower prices for crude but doubly so when geographically operating in such an area of turmoil and open conflict.
Purely on the present huge geo-political risks in the area makes investing in any EP company hazardous in the extreme. Operating dependent on the goodwill of the Kurds or Turks….. me thinks not!
Contrast these regional operators difficulties with the uplifting bullish statement released today from Soco International (SAI)? Cash rich, no debt, mega low operating costs, exciting productive assets and not least paying out a dividend together with a promise of a special payment in H2…….. which other second tier EP can boast such results? (Directors of Bowleven, please note how a proper EP company respects and rewards shareholders and not themselves!)
Err…. best of all ….. they don’t operate in the ruddy Middle East, either!