Join our community of smart investors

Gulf Keystone a triple play

SHARE TIP: Gulf Keystone Petroleum (GKP)
August 18, 2011

BULL POINTS:

â–  Encouraging Kurdistan acreage

â–  Three exploration discoveries

â–  Imminent export sales

â–  Likely takeover target

BEAR POINTS:

â–  Political risk

â–  Oil law uncertainty

IC TIP: Buy at 124p

Shares in Gulf Keystone Petroleum have lots going for them. The company has just made its third oil discovery in the Kurdistan region of northern Iraq; its oil sales could reach substantial volumes next year; its largest exploration prospect could start drilling before the year end and the size of its discoveries makes it a likely takeover target.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in