Just a quick one here.
News doing the rounds here at the moment is to expect a great leap forward within this sector., as the Global crisis fades away for most of the Western world the oil price is expected to climb over the coming months. Tower,gkp,mta,char,circle,des are all (for their own individual reasons)expected to increase as the recession becomes a distant memory.
The arrival of Shell via the signing of the 20 year service contract is yet another indicator that Iraq/Kurdistan are beginning to settle down check out the link below.
The more the market sees of the above kind of news/link the more GKP will increase in value.It is whispered here that GKPs’ value will eventually have to catch up with the DGA report significantly undervalued here at the moment but i expect that there’s a big correction coming on this stock. It is as we speak being re-rated in house here and i can tell you that there are many Houses/Brokerages carrying out further analysis factoring in the recent good news from the DGA expect to hear re-ratings over the next few weeks with new price targets upped.