Gulfsands Petroleum Share Discussion Threads

[wantmorethan24p] 29/12/2016 22:18

old news but worth a read.



Sinochem to buy Emerald Energy
By Michael Kavanagh in London


Sinochem, the state-controlled Chinese chemicals company, has agreed to buy London-listed Emerald Energy for £532m ($879m).
The recommended cash offer, at 750p a share, was backed by the company's two leading shareholders - Waterford Financial and Investment, the vehicle controlled by Russian investor Michael Kroupeev that owns 31 per cent of Emerald, and Soyuzneftegas, the Russian gas company with an 8 per cent stake.
JPMorgan, Standard Life and Legal & General are also significant investors in the oil exploration and production company, whose resources are concentrated in Colombia and Syria.
Shares in Emerald, which in June unveiled a small slide in interim pre-tax profits of $16.8m ($19m) on revenues of $42m ($30m), jumped by 13 per cent in July to 623p after it revealed it had received an all-cash takeover offer. Yesterday they closed up 62½p at 737½p.
Sinochem Group is China's fourth-biggest oil company and a leading provider of fertiliser, pesticide and seed products. Though analysts had tipped a 750p-a-share offer from a Chinese state-owned company, speculation had centred on fellow Chinese companies Sinopec and CNOOC as being likely suitors.
The recommended offer follows an agreed $7.6bn takeover offer by Sinopec of Addax Petroleum announced in June. The London and Toronto-listed company, as well as controlling resources off west Africa, also has oil assets in Iraqi Kurdistan close to Emerald's in north-east Syria on the Iraq border.
Alastair Beardsall, executive chairman of Emerald, said the Sinochem offer, at a 34 per cent premium to its share price ahead of the confirmation of talks, represented "fair value".Han Gensheng, president of Sinochem Corporation, said the deal was "another step in our strategy of building a global energy company".
The Sinochem deal follows the announcement in June of a proposed $6bn merger between London-listed Heritage Oil and Genel Energy of Turkey, both of which have interests in Iraqi Kurdistan.

[shabi1] 29/12/2016 22:16

Maestro who is your broker? Get a grip and sod off. YOU ARE A RAMPER END OFFSANCTION REMOVED YEH RIGHT !!!

[mr maestro] 29/12/2016 21:04

shabi1
Member since: 11 Dec 2016

You're not that R Head bones are you
...........................................................


Pure anger from shaggy1. Are you bones's fat sister?
My broker just called, said you are a w'ker, i agree.

[wantmorethan24p] 29/12/2016 20:56

MR K

how many did you buy at 7.6p?

keep posting the latest news.

[wantmorethan24p] 29/12/2016 20:54

they could always sell out to sinochem.so sanctions do not matter.

[shabi1] 29/12/2016 20:32

By the way mr maestro does not matter how long somebody has been a member of the bbCommon sense uplifting sanctions takes a long time, now go and read some news about war politics negotiations

[wantmorethan24p] 29/12/2016 20:31

you know may name.you know what i want.



want more than 24p.


am the lucky one who paid below 10p.


24p here we come.

[mr maestro] 29/12/2016 20:20

shabi1
Member since: 11 Dec 2016

You're not that R Head bones are you

[krr13] 29/12/2016 20:19

Shaws you must be seeing some of those losses recovering. What's your average?

[krr13] 29/12/2016 20:17

Reality check needed here. Be wise and take profit when it feels right. There have been ceasefires before and they've not lasted. However the fall of Aleppo to the regime and Trump due to takeover is positive.Sanctions will remain in place for a considerable time longer but this share will move in anticipation of them being lifted. Money to be made here with the ramping and sentiment but when the traders go be ready to bail.

[nicky21] 29/12/2016 20:16

keep de ramping shab1

i want some more under 10p.

you only joined on dec 13th 2016...

i have been on advfn a lot longer than you.

[shaws67] 29/12/2016 20:12

50p coming, sanctions to be lifted soon, once Trump is in office.

Don't miss the boat.......BUY,


BUY
BUY

Don't miss the boat, get on tomorrow ready for massive rises in 2017.

[richie666] 29/12/2016 20:04

10. Gulfsands Petroleum – 7.5p

A good background on the company and the opportunity is HERE and this recent piece HERE from just weeks ago sets out the updated story post the recapturing of Aleppo by Al Assad’s Government forces. Together with the new and evolving geo-political landscape post the Trump victory, this moves the lifting of sanctions against companies operating in Syria ever closer.

As the stock has moved back to just under 8p per share, given our see through minimum price of 20p per share and possibly meaningfully higher depending upon back payments from their partner Sinochem, we continue to believe the stock a good accumulation prospect here.

[shabi1] 29/12/2016 20:01

Shaws67 post must be the biggest RAMP of the century,Sanctions uplifted when trump come into office, get real takes years for that. Stop the war first.Today's news increased the share price but the new clearly reads negotiations of peace and power is expected to take a very very long time, sanctions come at the end. GPX is a RAMP and the rampers will try to milk it and then disappear, beware !!!

[shaws67] 29/12/2016 19:46

50p coming, sanctions to be lifted soon, once Trump is in office.

Don't miss the boat.......BUY,


BUY
BUY

Don't miss the boat

[shabi1] 29/12/2016 19:40

Nicky you state stock market look into the future, are you for real?Syria is in a war and Russia, US, UK, France, Germany, China, Iran, Lebanon and a lot more countries are involved.You really think stock market giving discounts to GPX get real !!Not a chance it's will go much worse. Already US have deployed huge military near Russia and Russia done the same around Europe, You really think they are going to talk about uplifting sanctions?

[shabi1] 29/12/2016 19:32

Really Some rampers here !! They think they are going to be the next president of world who will lift Syria sanctions by next month, get real !!!

[shabi1] 29/12/2016 19:27

Richie no discounts for GPX, future for gpx even the Russians or US have no idea who is going to control what and when, sanctions uplift comes lastHow long did it take to uplift Iran sanctions. A very very long time. Better off day trading GPX. CLEAR RAMP END OFF !!!

[nicky21] 29/12/2016 19:01

agree richie666

the stock market always looks to the future well in advance ie up to a year.

[shaws67] 29/12/2016 19:01

50p coming, sanctions to be lifted soon, once Trump is in office.

Don't miss the boat.......BUY,

[richie666] 29/12/2016 19:00

Shab - u ever heard of the stock market being a discounting mechanism?