There’s an awful lot of speculation doing the rounds re’ GKP as the last month or so has seen a dramatic decrease from the recent highs of 200p plus so just whats caused the decrease? Could it be the recent trouble in Libya,Egypt or the ongoing political uncertainty in Iraq? Well no; although this may have had some effect the Blog will pin-point the day and time the downward trend began. If investors researched their investments judiciously then they’d realise that on 9th of Feb’ 2011 GKP were trading at £1.87p the RNS released that day 7a.m precipitated the fall. The director sells. Yes good old Ewen Ainsworth and his dear wife flogged 240,000 shares while Johnny boy Gerstenlauer, an executive director of the Company, sold 300,000 now John doesn’t hold any shares directly his only holding is in the employee Benefit trust. And Ewen’s direct holding reduced by just under a third.
It’s a complete over-reaction but these director sales have precipitated a bout of profit-taking. Now you too can take some profit (if you haven’t already) but as sure as night follows day the GKP phoenix will rise again.
The news from the city is that there’s been some jiggery-pokery from every private investors arch enemy. Market Makers have been walking the stock down for their ill-gotten gains the whisper is that it’s all but complete and is petering out. Eyes on for a rise?
The company are sat on Billions of barrels of oil and are now increasing the Shaikan bopd thus increasing revenue. And you can take it from me with a 75% interest in the Shaikan block coupled with oil sales into the local market that are only a taster of the riches to come it will not be long before these sales/potential begin to be reflected in the sp as to just how much revenue GKP and share-holders can expect from a company literally awash with Billions upon Billions of barrels of oil! There’s an awful lot happening at GKP and rumours are a plenty. Take some advice. Do not be fooled into selling! There’s absolutely nothing wrong with this stock. It is a 24 Carat gold investment!
HOLD YOUR STOCK! There’s a big spike back up to 200p in the offing!!!