Disclosure: The author has a short position in one or more of the shares mentioned. 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.
My feelings of satisfaction at being vindicated on Gulf Keystone (GKP) when the details of the debt for equity swap were finally published yesterday were somewhat short lived, as I was put on notice that borrow was being recalled and I had to buy back a fair chunk of the position at more than three times its worth.
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