Elliott Wave Analysis of Gulf Keystone Petroleum (GKP)
Long term Weekly EW Analysis of GKP.
- On a basic fundamental level GKP, as of today, has more cash than the value of their Market Cap and Debt combined (+£35M more). The last dividend was 16p. Whether they can maintain this going forward is another question.
- In my EW analysis, the price target for the next and final drop in this phase is 30p, but anywhere beyond and above 1.1p is fine (huge range!!!).
- Once a low is struck he next major EW target is at ~£3.50. With price eventually targeting £8.00+
- On a basic fundamental level GKP, as of today, has more cash than the value of their Market Cap and Debt combined (+£35M more). The last dividend was 16p. Whether they can maintain this going forward is another question.
- In my EW analysis, the price target for the next and final drop in this phase is 30p, but anywhere beyond and above 1.1p is fine (huge range!!!).
- Once a low is struck he next major EW target is at ~£3.50. With price eventually targeting £8.00+
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