GBP global petroleum limited
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Although I'm not sure they could have anticipated it, selling a...

  1. SuperHard
    502 Posts.
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    10/07/08
    10:15
    Post #: 3972293

    Although I'm not sure they could have anticipated it, selling a large part of the FOGL stake may yet prove to have been a good decision. FOGL closed at 93p in the UK last night. As I recall, GBP sold a large part of its stake in FOGL for 120p+ ? Given the change in the market dynamics, where it appears cash is king, I would hope that the management of GBP will soon apply the FOGL sale proceeds to some under-priced oily assets which are just ripe for the picking!!



    GBP Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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