Gulf Keystone Petroleum Investors - GKP

Gulf Keystone Petroleum Investors - GKP

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Stock Name Stock Symbol Market Stock Type
Gulf Keystone Petroleum Ltd GKP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-16.60 -8.59% 176.60 16:29:56
Open Price Low Price High Price Close Price Previous Close
189.20 176.40 189.20 176.60 193.20
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

DateSubject
18/11/2021
21:39
nestoframpers: ERBIL (Kurdistan 24) – A foreign investor has ambitious plans to establish six aluminum factories, including the largest such factory in the Middle East, in the Kurdistan Region. Investors can swiftly obtain a residency permit to do business in the Kurdistan Region which, in addition to its security and investment laws, has attracted more foreign investors to the autonomous region. “We first give a six-month residency permit to the newly arrived foreign investors to give them enough time to do their own market research and go through the process of registering their companies,” Colonel Kamil Mohammed, Director of the Kurdistan Regional Government Residency Directorate, told Kurdistan 24. Since 2006 more than 16 countries worldwide have invested in Kurdistan Region, establishing around 45 projects in various different industries. hTtps://www.kurdistan24.net/en/story/26284-Foreign-investor-plans-to-open-Middle-East%E2%80%99s-biggest-aluminum-factory-in-Kurdistan-Region
08/11/2021
15:47
highlander7: Oil & Gas Equities in the Energy Transition: Exploration & Production VSA research The motorcades, private jets and rail debacles of COP26 have firmly highlighted the ongoing role that oil and gas have to play in our world. Equities do not reflect this and our benchmark index made up of ~70 AIM listed oil and gas juniors shows the sector is 20% below the 2016 cyclical low point and up 77% from the April 2020 COVID-19 driven low. Meanwhile, Brent is up 423% over the same period to 7-year highs while gas prices have spiked to record highs. Rising commodity prices evidently no longer provide the tide that floats all boats in the oil & gas sector, as even the majors are trading 13% below their pre-COVID level in January 2020. As prices collapsed in the early part of COVID-19 selling was a natural reaction, however, the energy transition and “Build Back Greener” sentiment combined with the growth of ESG investing has meant that investors have not yet returned to the sector, creating a significant opportunity. Whilst the oil and gas industry has been very vocal about the vital role it still has to play, this has been ignored by investors. The exclusion of the sector from institutional portfolios is not a healthy position nor a sustainable one, given that even in the International Energy Agency’s (IEA’s) 2050 net zero scenario, fossil fuels would still contribute over 20% of the energy mix, whilst Platts’ pragmatic approach based on actual commitments anticipates c. 50%. This means that exploration will be required. The current energy crisis is a case study in the implications of underinvestment and the role still to be played by junior O&G companies. It is clear to us that many stocks within the sector offer a significant value opportunity trading on deeply discounted multiples, despite rising earnings potential driven by the underlying rise in oil & gas prices. Our report looks at what has driven sector performance within E&Ps and highlights that despite the IEA’s headline grabbing reports calling for the end of exploration, success at the drill bit has in fact been the strongest driver for outperformance across the board. This means that certain companies with production and strengthened earnings outlooks have been overlooked. Touchstone Exploration (TXP LN) share price is up 380% from April 2020 until now implying a mkt cap of US$355 mn and Zephyr Energy (ZPHR LN) share price has increased 1105% over the same time period implying a mkt cap of US$116 mn. We have also studied the impact of what companies are doing in response to the energy transition, whether that be reducing Scope 1 and 2 emissions on site or whether they are mirroring the majors and bringing a renewable element into their portfolio. That said, the move towards renewables will narrow the parameters around what makes a successful Exploration and Production (E&P) project. Therefore, a more nuanced stock picking approach will be required for the E&P sector. VSA Capital Limited is Authorised and Regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.
07/11/2021
15:14
steephill cove: Long stock market history has shown its rarely a poor choice to front run the smart money (Vulture Hedge Funds). With the continuing rush into expensive and unreliable renewable energy while turning the O&G industry into pariahs, theres probably never been a better time during the last 70 years to invest in producing oil and gas companies. This is a golden opportunity. Some much needed insight today from the Telegraph on the rapidly developing global energy crisis. Suspect its going to take years of increasing voter pain of rampant inflation, rocketing energy costs, winter blackouts and empty shelves before politicians are finally brought to their senses. Well all pay for turning Big Oil into a pariah - Telegraph The irony could scarcely have been greater. There he was on the world stage at the Cop26 climate change summit in Glasgow lecturing China and others on their tardiness in consigning fossil fuels to the dustbin of history. But in almost the same breath, President Joe Biden was urging Saudi Arabia and other Opec members to increase their production of oil and gas so as to lower energy prices and reduce the pressure on inflation. You cannot have it both ways, yet as it turns out, Biden is as much a cake and eat it man as Boris Johnson. If nothing else, the apparent contradiction in aims highlights a basic truth about Big Oil, like it or not, the world remains overwhelmingly dependent on hydrocarbons for its energy needs; however fast we invest in alternatives, thats not going to change for some time to come. Both of Britains oil majors, BP and Shell, have ambitious plans to transform themselves into clean energy enterprises, yet to the fury of Extinction Rebellion activists, the bulk of their investment is still heavily focused on oil and gas. As it is, they are arguably not investing nearly enough in hydrocarbons. Since the start of the pandemic, ongoing global investment in energy has fallen by around a third. According to some estimates, it is running at approximately half the level needed to power a world economy that is firing on all cylinders. The deficiency is at its most acute in hydrocarbons, where the proselytising pressures for divestment have become almost irresistible. Nor has investment rebounded in the way it normally would in response to higher prices. With their climate change agendas, governments are perilously close to imposing a hugely costly energy crisis on themselves. Investment in alternatives is still nowhere near the critical mass needed to fill the growing gap being left by old and dependable energy sources. If you take away supply, but demand does not change, Bernard Looney, chief executive of BP, said this week in response to calls to halt further North Sea drilling, all that happens is that prices go up. By curtailing emissions within the UK, we merely export them to places that are less choosy, notably China, whose economies benefit at our expense. Its a high price to pay for virtue. Todays surge in oil and gas prices would historically have been mirrored in the share prices of the oil majors. The fact that it largely hasnt been is not primarily about an industry in terminal decline. There is plenty of money to be made from time limited runoff, as the growing brigade of vulture funds and activist investors stepping in where mainstream investment institutions increasingly fear to tread, readily appreciate. Rather it is that the likes of BP and Shell have become pariah companies, and are shunned accordingly in much the same way as the tobacco giants were 20 years ago; once a core holding for any pension or investment fund, few mainstream money managers any longer want anything to do with them. As with tobacco, their place is increasingly taken by the less squeamish at rock bottom prices. But despite the superficial parallel, there is a key difference. Tobacco is an indulgence, and serves no useful social purpose. However much we might wish it otherwise, oil and gas will long remain our primary source of life enhancing energy. And yet the industry is being driven underground by politicians and regulators too cowed to stand up to the hysteria of the climate change activists. The enemy within is almost as bad as the holier than thou pressures from without; oil company boards, together with those of their bankers, are these days stacked with well meaning do gooders more focused on bowing to the campaigners than the demands of shareholder value. The history of companies that attempt to jump from one horse to another is not good. Nearly always, value ends up destroyed. Virtually all past attempts by BP at green energy investment have failed. Managements should stick to what they know, however unfashionable it might have become. Vulture funds trying to force Shells directors to divest itself of its renewables arm, and refocus on the old endeavour of cash generative hydrocarbons, have got a point. The collective judgement of millions of investors on where to put the money generated by oil industry runoff is likely to be a good deal better than that of those clambering aboard a politically directed bandwagon. Rishi Sunak, the Chancellor, dreams of making the City of London the green finance capital of the world, threatening to delist companies that dont comply with net zero targets. I imagine that this will have the very opposite effect to the one intended. Rather than acting as a magnet, it threatens a mass exodus of companies to less demanding jurisdictions, or into the hands of secretive private equity. Boris Johnson believes the green transition offers the chance of economic rebirth. I hope he is right. Just as likely it marks another staging post in self inflicted Western decline. You go first, says China, hoovering up the worlds productive capacity as it goes.
06/11/2021
07:10
highlander7: Is the sky high oil price making it difficult for ESG investors to stay away from fossil fuels? Brent has been changing hands for over US$82 per barrel since mid-October as the debate on how to tackle climate change gets more heated up BP PLC - Is the rocketing oil price making it difficult for ESG investors to stay away from fossil fuels? With oil prices at multi-year highs, one may wonder whether any investors out there regret their exit from fossil fuels investments. Brent has been changing hands for over US$82 per barrel since mid-October, while world leaders have begun discussing how to tackle climate change at COP26 in Glasgow. READ: How newbie investors can sort out their ESG, according to Barclays Bank expert The hydrocarbon sector is battling to stay relevant as most governments worldwide agree that we need to decarbonise our energy systems, but several stocks are enjoying a renaissance after years of underperformance. BP PLC (LSE:BP.) and Royal Dutch Shell Plc, for example, have climbed 32% and 25% in the year to date, even if their recent trading updates have caused debate on their progress towards decarbonising activities. Proactive has questioned experts across the board, showing that the situation is more nuanced than it might seem. For example, while some ESG-focused investors refuse to hold stocks that don’t match their values (known as exclusions), others look at it as an opportunity to enforce change from the inside. “Exclusions are counterproductive from an ESG perspective and that divestment campaigns have often achieved the exact opposite of what they are supposed to do. By divesting from fossil fuel companies, investors are not pushing the share price of these companies down, and the management of these companies has no longer an incentive to become more environmentally friendly, because the remaining investors don’t care about that,” Joachim Klement, analyst at Liberum, told Proactive.
27/10/2021
12:28
steephill cove: Nice one Saloni, however forget ConocoPhillips & Exxon Mobil, you missed one right under your nose on LSE paying non stop chunky dividends with one of the lowest lifting costs per barrel on Planet Earth. Thats right little old GKP ;-) How to invest as oil prices keep heading higher Oil prices are soaring reversing a sharp meltdown seen at the depths of the Covid-19 crisis. Saloni Sardana explores how you can play the market. By:- Saloni Sardana 27 OCT 2021 The global energy crunch has followed the resumption of economic activity, as mass vaccinations led to an easing of Covid-19 restrictions. Not so very long ago, it looked as though demand for oil might have peaked.  The price of Brent crude, the European benchmark, fell below $20 a barrel and the price of West Texas Intermediate, the US benchmark, briefly turned negative.  This of course was down to the pandemic. But some assumed that we might also be getting our first glimpse of a brave new future without fossil fuels. Instead, some think we could be looking at $100 a barrel before the year ends. Why has demand for oil risen so much?  The price of Brent crude oil is hovering at around three-year highs, and almost touched $87 a barrel earlier this week, while US crude has risen above $85 a barrel. Both benchmarks have risen by around 20% since the start of September.  As Roger Diwan, oil analyst at consultancy IHS Markit, points out in the Financial Times: The market is gripped by fears – fear of stronger demand, fear of a rally contagion from gas and power, fear of missing out on the rally, and the fear to rule them all: supply anxiety. The global energy crunch has followed the resumption of economic activity, as mass vaccinations led to an easing of Covid-19 restrictions. On top of this, a shortage of both gas (which you can read about here) and of coal, particularly in countries such as India and China, has prompted a switch to using oil for power generation in certain areas.  Coal shortages have left many states in India facing electricity blackouts, while in China, power cuts have left millions of homes without electricity. Even before the outages, China was looking to reduce coal pollution ahead of February, when it will host the Winter Olympics. As a result, many factories are switching to diesel as a substitute, driving up prices. Its not just a rise in demand – supply is being squeezed, too. Earlier this month, the Organisation of Petroleum Exporting Countries and its allies (known as Opec+) opted against further increasing supply – it had already cut production by 9.7 million barrels of oil per day in response to the drop in demand caused by Covid-19 last year, and it said it would stick to its original plan of adding just 400,000 barrels per day in November. Some had hoped it would bow to pressure from India and the US and raise supply even more.  What does oils price rise tell us about oil demand peaking?  So what of the longer-term hopes of the energy transition, when we all drive electric cars powered by solar and wind, and oil is a thing of the past? There is little agreement on when the demand for oil will peak. BP says it may already have peaked in 2019 – although in another scenario it says the peak may take place in 2035. Norwegian oil and gas producer Equinor sees the peak happening between 2027 and 2028.  But what the oil price is telling us is that whatever the forecasts say, the world needs oil right now. Wed all like to live in a world where the energy is provided entirely by renewables, but getting there will take time. Wind power is all well and good until the wind stops blowing, which is exactly what happened in the UK this year – lower wind power output has contributed to the surge in natural gas prices.  It is clear that at some point the world will no longer want oil, but until then it is hard to see how oil producers wont enjoy a prolonged period of higher returns – so they may have extra cash to hand out to shareholders. So which stocks should you consider taking a look at? One of the easiest ways to play the market for UK investors is to invest in the iShares Oil & Gas Exploration & Production UCITS ETF (LSE: SPOG). This ETF has shot up by almost 50% from its August lows. In the US, the Motley Fool suggests investors look at ConocoPhillips (NYSE: COP) as it benefits from scale and access to some of the lowest-cost oil on earth. Another option is ExxonMobil (NYSE: XOM) which operates in every segment of the oil and gas industry. While the past decade has seen some lacklustre returns, the Motley Fool says the companys recent strategy to focus on its highest return assets and its more recent efforts to reduce its business costs and boost efficiency are beginning to pay off. We also took a look at oil services companies in a recent issue of MoneyWeek magazine, where deep value investor Andrew Hunt took us on a tour of the sector and pulled out some promising-looking prospects. HTTPS://moneyweek.com/investments/commodities/604027/how-to-invest-as-oil-prices-keep-heading-higher?refid=8D3BA7953159A22CC285A74C21272D54&utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter
26/10/2021
14:15
beernut: What they’ll do with it. Big Oil is about to post highest cash flow in more than 13 years The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it. By Bloomberg 26/10/2021, 1:04 pm oil giants climate Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Sign Up The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it. The five supermajors – starting with Royal Dutch Shell and TotalEnergies, who release earnings on Thursday 28 October – will report about $29 billion in free cash flow combined in the third quarter, according to analysts’ estimates compiled by Bloomberg.
22/10/2021
08:26
nobull: "He ["Change his avatar 3 times a week to distance himself from his failed predictions" Paul] is driving genuine investors away with his constant rubbish." Yes, it doesn't please me to be in a stock with a conspiracy theorist stakeholder who interferes with holding our BoD to account by doing what he does; it must encourage our BoD to feel like they can scam us with impunity, feed us with waffle about low lifting costs and value-accretive buybacks, cut themselves a lot of slack not telling us what is going on in a timely manner, and engage in ways to avoid accountability e.g. holding AGMs at places that discourage attendance, by us, the owners of the business. When I've finished The EVA Challenge and Damodoran on Valuation and a load of Oil and Gas investment books, I might be able to write a half decent letter to one of the directors on our BoD. In the meantime, it is difficult with a chat thread like this, infected by a serial spammer, to attract serious investors.
20/10/2021
06:15
highlander7: Bloomberg.. For a while, Wall Street was really into the first strategy when it came to eco-friendly projects, Matt notes. Green bonds were the Emily Mariko of the investing world. Instead of being entranced by microwaved salmon and rice, investors were smitten with the idea of funding utopian wind farms across the country. But now they’re starting to balk at the price. Investors still want companies to be green-ish, but they don’t want to have to pay extra for the guacamole.
18/9/2021
09:39
officerdigby: hxxps://www.iraqoilreport.com/news/foreign-investors-recoil-as-iraq-restricts-company-ownership-44073/ Foreign investors recoil as Iraq restricts company ownership Iraq has begun enforcing legislation that prevents foreigners from owning a majority stake in any Iraqi company, casting new uncertainty on an already difficult investment climate. Iraq has imposed new legal restrictions on foreign ownership of Iraqi companies – a move that is deterring investors at a time when the country is trying to attract foreign capital to help diversify the economy and make up for the government's shrinking investment budget. The new restrictions come from legislation passed in 2019 that says foreigners can own no more than 49 percent of any company. When the law was first enacted, Iraqi policymakers indicated that exemptions would be given. But the legislation has not been amended, and now the Iraq Stock Exchange (ISX) has surprised investors by applying the law to all non-bank companies listed on the exchange. What is it with ICG/MNR always next step is shoot themselves in the foot? The new MNR guy also a big example: ban flaring, hard-deadlines, accussations of wasting during testing etc. It all adds up to bad sentiment in sector and lower share price And of course less interest in investment a la take over.
17/9/2021
05:46
beernut: Chevron CEO not betting on solar / wind energy for future. Chevron CEO: Oil Prices To Remain Higher For Longer By Irina Slav - Sep 16, 2021, 9:00 AM CDT Join Our Community Global oil and gas prices will remain higher for longer as companies resist the urge to ramp up production, the chief executive of Chevron, Mike Wirth told Bloomberg in an interview. One of the reasons for this reluctance to produce more is that investors are not on board with it, Bloomberg notes. Indeed, investors in oil and gas have become quite nervous about the long-term future of their investments there and have prioritized cash returns now rather than later. The other reason is weak equity markets, according to Wirth. “There are two signals I’m looking for and I’m only seeing one of them,” he said. “We could afford to invest more. The equity market is not sending a signal that says they think we ought to be doing that.” Then there is climate change and investor worries about whether energy companies are adjusting to a changing situation fast enough. But it’s not just investor worries. There is also pressure from governments and the public, and this makes decisions on output expansion even harder. “You’ve got some real new dynamics, whether it’s government policy, efforts to constrain capital into the industry, to make it harder for the industry to access capital markets,” Wirth also said during the interview. “That in the short term could create some risk for the global economy.” Wirth added that the emission footprint of future projects has become a big part of decision-making for energy companies. In another interview, however, with CNBC, Wirth said the company will not be betting heavily on wind and solar power unlike other oil majors because it believes it would not create enough value for shareholders. “The returns in wind and solar are actually being bid down, and we’ve concluded that management in our company can’t create value for shareholders by going into wind and solar,” Wirth told CNBC. By Irina Slav for Oilprice.com
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