Zico Stock Tip : Gulf Keystone Petroleum GKP LN

Zico has been quiet of late and in unwind mode.

It was hard for me to drag a stock tip out of him. But I did ! And here it is to be shared.

Gulf Keystone Petroleum GKP LN

which is suspended at the moment, awaiting a key decision at about 530 pm our time.

Sept. 9 (Bloomberg) — The English Commercial Court in
London to announce decision 10.30am on 10 Sept. on claims
asserted by Excalibur Ventures against Gulf Keystone Petroleum.
• Gulf Keystone shares to be suspended on AIM from 7.30am until co. releases an RNS statement giving details of the decision, which is expected to be later the same day

“Gulf Keystone screens quite well as a takeover target once the risk around the court case is removed,” said James Gardiner, an analyst at Peel Hunt in London who gives the stock a buy rating. “They’re sitting on a giant oil field that wouldn’t look out of place in a major’s portfolio.”

http://www.bloomberg.com/news/2013-08-14/oil-pipeline-from-kurdistan-makes-gulf-keystone-target-energy.html

It is all about the Shaikan field which holds the most promise but sits in a politically  challenging geography.

http://theoilandgasweek.com/newdesign/index.php/component/k2/item/430-shaikan-field

Looks like we can revisit the 400p level if all goes well and Syria does not go and drag Iran into the mess.

 

Qualifier : This is not a recommendation to buy. The author intends to buy this stock between the next 48 hours to 2 weeks and is not deriving any income from writing this post.