Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
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Monday, February 14, 2011
Gulf Keystone Shaikan 3 update
Gulf Keystone (GKP) announced today that Shaikan-3 shallow appraisal well in the Kurdistan Region of Iraq has achieved a flow rate of 9,800 barrels of oil per day, 30% over the 7,480 barrels per day previously achieved. The shares were pretty steady, up 1.5p at 173p. My previous post on Gulf Keystone, questions buying the shares at this sort of level given the geopolitical risks. Watching for a buying opportunity below 140p, but not diving in yet (http://contrarianinvestoruk.blogspot.com/2011/02/gulf-keystone-petroleum-interesting.html).
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