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.
Disappointed, angry, confused, upset and shell-shocked are just some of the words we can use to describe Gulf Keystone’s (GKP) legion of shareholders this morning. You’d think the world had ended, judging by the general reaction to the long awaited release of the company’s independent estimate of its Kurdistan oil reserves. The reality is, for anyone who has not bought this share yet (or who can still afford to add), this news looks very welcome indeed. At last we have something of substance to sink our teeth into to try and get to grips with this conundrum of a stock.
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