Gulf Keystone Petroleum is currently digging for oil in Iraq’s Kurdish region at a well called the Shaikan-1 exploration.

For the past few months the share has gone from 0.05p back in March 09 to a year high of £1.24 just recently.  The share is currently trading at £0.9650

The reason for the very large jump is due to them finding oil and estimate to have found upto $4 Billion barrells of oil.  They are still at the early stages of their drilling as they still have 3 other very large sites to drill and no doubt they will find more oil.

Another similar company which has had similar success is Heritage Oil (Hoil) currently trading at £5.41 which are following a very similar pattern and alot of investors are predicting similar levels for Gulf Keystone.

There are also several rumours spreading around of a possible takeover from the Chinese as they are rich hungry for Oil due to their ever increasing growth and have been rumoured to be in talks with GKP with a possible take over bid, but nothing has been annouced.

This share has been heavily discussed the past month on many discussion boards as the best share to be in as anyday soon this could be the share that could make anyone a great return on their investment especially if they keep finding more oil.

So to wrap up put Gulf Keystone on your watch list or make sure your not out of this share as any day soon this will rocket.

Currently the target price is £1.75

As with all my share tips please do your own research

The following shares are recommended buys i have researched from the past week from major brokers and publications.  My findings are below:

BUY

NetPlay TV (NFDS) - This company is a TV gaming company which has recently got an investment of £12.8m from a private firm and have also has one a major contract.  This company has a great future ahead of it.  This one is one to buy and keep hold for a while.  Gambling is very popular at the moment during the recession.  Source: “Shares”

Price - 27p

52 wk high – 29p – 52 wk low – 14p

Domino’s Pizza (DOM) – Fast food chain Domino’s Pizza have had 35% increase in profits from the 6 months leading up to june 2009 as more people dine in at home.  It current has a P/E of 16.  Source – “The Daily Telegraph”

Price – 235P

52 wk high – 251p – 52 wk low – 156p

Electrocomponents (ECM) – This company supplies essential parts to engineers around the world.  The business has stabilised recently and is pretty solid with a yield of 7%.  Source: “The Sunday Telegraph”

Price – 144.50

52 wk high – 192p – 52 wk low – 113p

Here are some share tips for you to look into as an investment

BUY

Bglobal (BGBL) are a meter specialists and have recently had money problems but that is now resolved after sorting out their debt issues.  This will now allow them to concentrate on increasing their installations brining in more revenue.  The shares have been rumoured to rally according to publication “Shares”

Price 16p

52 Wk High – 34p | 52 Wk Low 8p

BUY

Ithaca (IAE) is an Oil firm that has recently negotiated an asset deal with Dutch firm Dyas.  This now makes the firm debt free with a large amount of cash.  This is one to watch out for according to Investors Chronicle.

Price 36p

52 Wk high – 134p | 52 Wk low – 11p

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SELL

Marstons (MARS) This company is pub operator with £1.3bn net of debt.  The dividend has also been cut.  They had a turn around strategy which seems unconvincing.  This company has a rocky future ahead of it.  This has been named as a SELL from Investors Chronicle.

Price 91p

52 Wk high – 238p | 52 Wk low – 81p

The following Share Tips are from a number of sources we have found that we want to share with you. Much more tips will be coming to our members section soon once development has finished:

Cisco Systems (CSCO) – This firm makes networking hardware for computers. A forward p/e of 15.5 is “relatively cheap” considering that technology spending now appears to be stabilising. – current price $18.57 – year High $25.25 year low – $13.61

Elementis (ELM) – This chemical firm has “undeservedly lagged” the rally in its sector. Volumes have stabililsed, indicating that a recovery may have begun. Buy ahead of the catch-up – Current price 28p – year high 91p year low 22p

Modern Water (MWG) – This company has yet to make a profit, but that should change dramatically as its desalination technology is more widely adopted. Its a bit of a punt for the brave. Current price 44p – year high 105p year low 26p

The Daily Telegraph have rated BAE Systems a buy.  BAE are Europes largest defence group, developing electronics and avionics for war planes, manufactures ammunition and builds submarines and tanks for the armed forces.

BAE has missed out on the “dash to trash” and its shares now hang at their three year lows.  This is now making this stock a great entry point for investors.  The reason why now is a good time to enter this stock is because last month they reported they had won over £1bn of new contracts relating to the Typhoon and Harrier fighter jet programmes.  Their order book is £46.5bn so this will add to their most substantial order book.

BAE also has cutting edge technology that will enable them to take advantage of the shift towards covert combat tactics against any terrorists or rogue states.

In 2008 they generated £1.6bn in operating cash flows on a turnover of £18.5bn.  They ended the year with positive net funds, providing plently of money to buy up acquisitions.  The stock looks cheap for a company that is a major top player in the science field.  Top analysts are forecasting 2009 sales and underlying EPS (earnings per share) of £20.5bn and 24.3p, rising to £21.8bn and 45.0p in 2010.

Recommedation: BUY @ 323P

Workspace Group (WKP) which lease office space to small to medium sized businesses (SME) released full year results this morning causing a 1.7% increase in the share price this morning despite a fall in the FTSE driven down by miners.  Current FTSE price is 4389.32 down -49.82.

Workspace reported a pretax loss of £360.4 million for the year ended March 2009, compared with a loss of £37 million a year earlier.

Panmure Gordon rate this company stock as a “BUY”

Panmure describes Workspace’s results as “encouraging”, saying they met its forecasts, and that it is maintaining its 2010 forecasts for the group.  This is promising for a commercial property company during this time, which will give hope for investors.

Workspace are also paying a 0.50p dividend to share holders making this an attractive stock to hold and will make current share holders happy.

The broker says despite the challenging nature of property markets in recent times, the company continues to see resilience in both demand and the cash rent-roll.

“Furthermore, with the business significantly de-risked following the rights issue, debt-restructuring and ongoing disposal programme, we see good potential upside for the business when the London property market turns,” says Panmure

Current Share Price – 14.86p

Broker Rating – “BUY”

NAV – 27P

Final dividend of 0.50p per share proposed

This is the brokerviews from the city:

See which stocks have been upgraded and downgraded by the brokers this week.

B&Q (owned by Kingfisher) shares jumped up 7% after results that sales have increased due to increased demand for home improvments and outdoor goods, which put a smile on investors.

Sales from the first quarter showed uk sales rose to £58m compared to £29m the year before.  The overall profits including firm Screwfix are up 89% to £61m in the quarter.

Sales of their outdoor items have soared 30% as more people are spending money on their houses as they save money and staying in and enjoying home comforts.  Also bathroom and bedroom sales were up aswell.

Shares were trading 14.5p ahead on 198.3p.

Brokers Views:

Buy: 5

Hold: 1

Sell: 0