Shares in Kurdistan-focused Gulf Keystone Petroleum (GKP) are notoriously volatile. In large part that can be put down to its enthusiastic following among retail investors. Another important factor has been the long-running speculation that it could be the target of a take-over bid. Speculation in that regard was stoked last year by a court ruling which confirmed its ownership of the giant Shaikan field. More recently, just last week in fact, its founder Todd Kozel's decision to step aside was seen by some as laying the ground for an acquistion.
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