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.
Shares in Gulf Keystone (GKP) dropped back a bit recently after a sharp rally recently on the news that the law suit bought against the company by Xcalibur had failed. This was always the likely outcome and now that it is out of the way there is a welcome opportunity to focus on the prospects of the company. I remain bearish.
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