||COM SHS NPV
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Real-Time news about Petrokazakhstan (London Stock Exchange): 0 recent articles
|wiganer: Wow, that's some share price collapse. Guess people don't think the court cases will go in their favour...|
|wiganer: I sold not long after starting the thread, as although I was still bullish re this one's long-term prospects it seemed the price might drift a bit lower. Must confess I hadn't expected such a decline, but am glad I got out when I did (from memory I think I got out about 2030p, taking a small loss)
I guess the legal shenanigans aren't helping. US investors in particular are jumpy enough at the moment, and likely to shie away from a share like this if they see a possibility, howvere small, of it "doing a Yukos".
I also agree that silly though it is the fact it has a four digit share price will deter many PIs.
On the numbers its now even more of a bargain, but sentiment needs a major turnaround first. I'm no chartist, so I defer to chopsy's suggestions that it might carry on down to support levels might of 1650 or 1450.
Will keep an eye on it- surely worth a punt if it did hit 1450?|
|wiganer: Listed on NYSE and TSX as well as LSE.
Seems underrvalued in relation to NAV/Profits. Even pays a divi.
I assume the share price reflects a discount for political risk, but IMHO that seems a bit overdone.|
|krutt: Good results from BUR,TLW and CUX could also effect share price on PKZ.
|johnho: Seems no one else has picked up the following recent announcement by PKZ, which, if a similar exercise recently by First Calgary Petroleums (FPL in the UK) is anything to go by, could well propel the PKZ share price sharply upwards.
PetroKazakhstan Inc. - 3Q04 Financial Results Call
CALGARY, Oct. 14 /CNW/ - PetroKazakhstan Inc. ("PetroKazakhstan") will be
hosting a conference call to discuss its Third Quarter 2004 financial results
that will be released at 9:30 a.m. Eastern time (7:30 a.m. Mountain time,
2:30 p.m. GMT) on Thursday, October 28, 2004.
The conference call will be held the same day on Thursday, October 28,
2004 at 11:00 a.m. Eastern time (9:00 a.m. Mountain time, 4:00 p.m. GMT).
Those who wish to participate are invited to dial (416) 640-4127.
The conference call hosts will be Bernard F. Isautier, President and
Chief Executive Officer and Nicholas H. Gay, Senior Vice President Finance and
Chief Financial Officer.
Those who are unable to participate by telephone may listen in to the
call via a live webcast feed which can be accessed from either
PetroKazakhstan's or Canada NewsWire's websites. A recording of the conference
call may be listened to in its entirety by calling (416) 640-1917 and
specifying the code 21098003 followed by the number sign. This recording will
be available until November 4th. The archived webcast will be available until
|captain swing: ...as it listed in London today
Article in Oil Barrel (thanks to djalan)
From the latest company presentation
Overview of PetroKazakhstan
An international integrated oil company operating exclusively in Kazakhstan
Produces 145,000 bbl/d (Q2 2003) of light (42oAPI) sweet (0.4% sulphur) oil sold on the export markets and as refined product
Focused on reducing transportation costs to export markets.
The recently completed KAM pipeline is showing savings of $2.40-$2.50/bbl
Has interests in 11 fields of which it operates 7.
The licenses include additional productive exploration acreage
Has increased Production (5yr CAGR = 20%) and Reserves (5yr CAGR = 4%)
for six consecutive years
50% of the domestic refined products market
Common Shares Symbol
PKN TSE (CDN)
PKN NYSE (USA)
52 week share price range
C$16.18 - C26.94 (TSX)
US$8.85 - US$19.64 (NYSE)
Share price (Sept 10/03)C$25.80 (TSX) US$18.91 (NYSE)
[Common shares outstanding as at Aug 30/03]
77.7 million (basic)
82.3 million (diluted)
Other numbers look fairly good, p/e about 5 (slide 15); net debt US$192 million (slide 6); enterprise value (as at Sept 10/03) US$1,661 million
There was a spat with the Kazakh anti-trust authorities recently, seems to have blown over... here is a not-so-great link on that from CBC
Petrokazakhstan share price data is direct from the London Stock Exchange