The city and financial institutions are well aware of the growing disquiet among private investors at the lack lustre performance of GKP post the DGA report. I have spoken to an awful lot of Brokers over the last 72 hours trying to sound out what their feelings are with regards to the probable outcome of this Gigantic find (with more to come) for private investors. The responses have varied greatly. But one consensus that keeps cropping up is that Come the final curtain most of the shares now in private hands will be in the hands of the Institutions. This rumour is being touted through-out the market. Every trading day private investors buckle under the stress and pressure of a fluctuating SP.
The whispers here as i said vary in their outlook. But i believe that the main reason for the stagnation at the moment firmly rests with the GKP Board. They have battened down the hatches re’ news flow the release of the DGA report was confirmed through my contacts, which have always been on the money, as Thursday 14th Jan 2010. However being privvy to this i had to be circumspect with the last update. I posted Monday as the date with the rider telling the readership that it could just as” easily be Thursday/Friday” . I knew it was due as did some of the oil section at one or two of the Brokerages. On late wednesday night the rumour was circulating on the Blackberries that the report was to be released the following morning.
I fully expected it to rocket as did my section. I am now of the opinion that this stock is being held back by the company board who are playing a dangerous game with several suitors/institutions. There is a game of Brinkmanship going on between the GKP board and the city. (There are two outcomes that are being played out behind the scenes here One is Takeover/Partnering the second is Production/Funding.) In an otherwise stable enviroment these machinations would enhance the SP, however GKP are as some here tout operating in a war torn country that in a nutshell is why this share hasn’t gone ballistic. You know and i know that Kurdistan is safer than the Green zone in Baghdad and the security is very well maintained. The problem is we aren’t responsible for hundreds of millions of dollars, funds are only investing cautiously though this is slowly increasing as the political situation begins to ease.
Todd and his board are playing a blinder here. They know what they have got, time is not on the side of a PI but it certainly is on the side of GKP. Kozel knows he is sat on a huge fortune and as every week goes by it gets bigger. A recent comment made to me about a conversation muted to of taken place goes like thus; “We pay no attention to the daily sp i couldn’t tell you what it is this morning i only check when we are drawing down on the seda” That whisper has come from the horses’ mouth. This means that GKP know that the SP will rocket when they are good and ready to choose which path THEY want to take! Once chosen this is going to infuse the city with oil fever. It is a waiting game we are waiting for Kozel et-all to come off the fence. When it happens it will happen very quickly.
Up the Revolution!