Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Market message boards are lit up over the continued state of Gulf Keystone Petroleum’s (LSE:GKP) share price which is currently at 94.88 after having closed on Friday at 96.00. It appears poised to close at its lowest since 30 April and some investors are getting a bit restless. It’s just a wild guess, but I have got to believe that the ones most upset are those who bought in prior March 2014 and especially those who became shareholders of record at any time during 2012.
In January 2012 the GKP share price ranged around 285.00. It peaked at 411.00 on 13 February 2012 before settling in between 140.00 and 240.00 until its fall in mid-March to 103.25 and then to 86.25 by the end of that month.
Operationally, the company appeared to be at the precipice just a matter of weeks ago as it negotiated an infusion of capital against a deadline that seemed destined to arrive before the cash. Nonetheless, the funds were obtained, even if just in time, and the production milestones are being met. From all indications that I can see, GKP is delivering, and shall continue to deliver, as promised. That is a very good thing.
The protesters seem to be individual investors who are now afraid that they are going to lose all they have invested. Admittedly, they are in a difficult spot. They can’t afford to get out and they fear losing it all if they stay in. It’s really too late for them to take their lumps and run, so they are doing what most people do in this situation. They are crying for someone’s head. In this case, it is the head of Todd Kozel, GKP’s CEO.
The problem is that these disgruntled investors care only about their investment to the extent that they are “playing the market” instead of investing in a company. As I have said here before, when I invest, I am all in, for better or for worse. I am one of many who choose to fund the company, hoping to make a return. If I invest, it is because I believe in the company and I believe that, over the long haul, the company will prosper, as will I, because of my investment. Before I invest, and continuing thereafter, I become keenly interested in the company’s operations.
These yokels care only about their own money. They are short-sighted and, therefore, fail to see what is ahead for them if Gulf Keystone operations continue to track according to plan. The GKP situation should be one that separates the men from the boys, not the CEO from the company.
Todd Kozel has had to deal with all manner of difficulties from cultural to political. Now, it appears that his own myopic shareholders may become his biggest headache as a group of them are pushing for his resignation at the AGM. To them, I would caution. “Be patient. In just a few more months, if things go according to plan, you will be glad you waited.”
Thanks for finally writing about > Turm-Oil at Gulf Keystone
SA168VIP สล็อต