U.S. Airstrike Move ‘Clearly Bad’ for Kurdistan E&Ps: Investec
2014-08-08 07:42:23.323 GMT
By Benjamin Dow
Aug. 8 (Bloomberg) -- Lingering ISIS threat in Iraq will
“cloud the outlook” for shares of Kurdistan-exposed Afren,
DNO, Genel, Gulf Keystone, Liberum says.
* Genel (-5.7%), Afren (-3.1%) lead declines among E&Ps in
Stoxx 600 Oil & Gas Index (-0.9%); Gulf Keystone (-5.1%)
also falls
* DNO Intl. (+5.4%) rises after 9.3% decline yday; 14-day RSI
closed yday at 17, indicating shrs most oversold in 7 yrs
* Canadian-listed Kurdistan E&Ps WesternZagros (-11%),
Shamaran (-5.7%) fell yday
* NOTE: U.S. President Obama yday approved air strikes to
prevent genocide; CVX has evacuated some expatriate staff
* Gulf Keystone said yday that Kurdistan ops remained
safe, secure
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To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
James Ludden
2014-08-08 07:42:23.323 GMT
By Benjamin Dow
Aug. 8 (Bloomberg) -- Lingering ISIS threat in Iraq will
“cloud the outlook” for shares of Kurdistan-exposed Afren,
DNO, Genel, Gulf Keystone, Liberum says.
* Genel (-5.7%), Afren (-3.1%) lead declines among E&Ps in
Stoxx 600 Oil & Gas Index (-0.9%); Gulf Keystone (-5.1%)
also falls
* DNO Intl. (+5.4%) rises after 9.3% decline yday; 14-day RSI
closed yday at 17, indicating shrs most oversold in 7 yrs
* Canadian-listed Kurdistan E&Ps WesternZagros (-11%),
Shamaran (-5.7%) fell yday
* NOTE: U.S. President Obama yday approved air strikes to
prevent genocide; CVX has evacuated some expatriate staff
* Gulf Keystone said yday that Kurdistan ops remained
safe, secure
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
James Ludden