Gulf Keystone Petroleum Share Discussion Threads

[pensioner2] 04/4/2022 12:23

Looks like one big buy put through in 3 tranches to me, h/c. No special codes put through against the trades.

[highlander7] 04/4/2022 12:17

CHAR are another one worth watching.

H7

[hydrocarbon1] 04/4/2022 12:05

04-Apr-22 12:04:55 247.96067 139,296 345.40k O

04-Apr-22 12:04:55 247.96067 -139,296 -345.40k O

seems it was an error ? posted retraction 10 mins later

[hydrocarbon1] 04/4/2022 11:34

For anyone that missed it.

COMPANIES
Gulf Keystone gets its due as prices soar
Shareholders are in line for further capital returns
March 30, 2022
By Mark Robinson
Improved remittance from the KRG
Step-up in capex through 2022
Gulf Keystone Petroleum (GKP) returned to statutory profit in 2021, as a one-fifth increase in gross average production to 43,440 barrels of oil per day (bopd), combined with a 138 per cent hike in realised prices to $49.70 (£38.23) a barrel.

GKP:LSE
Gulf Keystone Petroleum Ltd

1mth
Today change
2.22%Price (GBP)
248.90
Anyone familiar with the company will know that its financial performance is bound-up with the ability of the Kurdistan Regional Government (KRG) to make good on its licensing arrangements. Over two-thirds of revenues for 2021 relate to KRG receipts covering the invoice period from December 2020 to August 2021, along with partial repayment of arrears. Since the start of 2022, GKP has pocketed another $106mn from the KRG, leaving net arrears in the region of $22mn.

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The remittance schedule has been somewhat erratic down through the years, but the company is never reluctant to return capital to shareholders when cash flows are positive. Admittedly, the dividend schedule is also a little erratic, but since 2019 the company has distributed $340mn to shareholders, roughly equivalent to half its current market capitalisation.

Subject to well completions, workovers and interventions, GKP is targeting gross average production of 44,000-50,000 bopd in 2022, with net capital expenditure of $85mn-$95mn, against $50.8mn in 2021. Earlier this year, the IC’s technical analyst Michael Taylor observed that “a breakout from the 220p resistance zone would see the stock move into a price area not seen since the autumn of 2019”. That’s already played-out, and the next leg up is towards the 300p mark, so a forward ratio of three times forecast earnings and a prospective dividend yield in double-figures seems compelling given the prospect of enduring elevated oil prices. Buy.

[bubblingup] 04/4/2022 11:24

Currently the share price 52-week high is 261.90, set on Mar 31, 2022. Thanks to the now steady stream of generous dividends, 265p will see me break even after so many years of hurt. Even if the share price stalls, the next plump interim dividend, pretty much nailed on for this autumn, will see me reach those sunny uplands.

Sincerely hope y'all are doing the same. To infinity - and beyond - with GKP! (:0)

[thebabe] 04/4/2022 10:45

Well it's 32p if you buy now.Guaranteed 23p mid May 9p mid July.If the company reamains independent I'd expect at least another additional 50 p income from further dividends this calendar year

[steephill cove] 04/4/2022 10:40

Theres going to be a glut of PIs, including me, banging their 2022-23, 20K Stocks & Shares ISA allowance from 6th April 2022 into GKP for another 90M of easy & huge dividend income with more to come before 2022 ends 💪

The Investors Chronicle GKP BUY recommendation of 30/3 will relight the PI blue touchpaper 👏

[thebabe] 04/4/2022 09:44

A key signal , will be the issue of new LTIP awards..Will there be one ,they normally land immediately after FY results?

[shortsqueezer] 04/4/2022 09:41

Some consistency buying of 10k tranches this morning

[gc321] 04/4/2022 08:57

Imminent update on payments, divi date towards the end of the month, isa allowance reset Wednesday, this is only going one way.

[turvart] 04/4/2022 08:51

I bought in today, I love the fundamentals, very cheap at the moment can see this getting over 300p in next few weeks.

[nestoframpers] 04/4/2022 08:23

Chrisdonahue filtered for time wasting.

[thebabe] 04/4/2022 08:20

Might be cheaper to buy them now , and trans to ISA on Wed.Who knows why this ever goes up or down :)

[shortsqueezer] 04/4/2022 08:15

Buyers flooding in Already

[releasethekraken] 04/4/2022 07:10

13.3% current yield.HTTPS://twitter.com/111notout1/status/1510330534978801672?t=hvykK9u8fiDYbrTjtvcTVQ&s=19

[releasethekraken] 04/4/2022 07:09

SALE ANNOUNCED THIS MONTH.NO BUY BACKS ?...WHY?.... BECAUSE.SALE ANNOUNCEMENT IMMINENT.Look at DIVIDEND history last 10 months..BEST YIELD on UK market bar NONE..Why no in MARKET BUYBACKS?..........Because in T/O talks for mths + BID IS AGREED.Takeovet Code allows providing NON abnormal dividends but NOT open mkt buybacks that would breach Takeover Code ?HTTPS://twitter.com/ChicagoJack5/status/1509134275014234118?t=MxuWShHiSoSKEQjr7t2waA&s=19

[howard smith] 04/4/2022 06:27

The below is quite old and strongly reinforces oil in place which can only have risen as so much more work has been done since this report was issuedGulf Keystone unveiled the findings of the separate third party assessment of Shaikan.The study was carried out by a more widely known and respected industry group, Ryder Scott. It is broadly comparable to Gulf Keystone's own estimate and as such it reinforces the potential size of world class Shaikan oil discovery.Ryder Scott put Shaikan's total petroleum-initially-in-place (PIIP) resources at 1.52 (P90) to 7.52 (P10) billion barrels of oil, with a mean of 4.04 billion barrels

[highlander7] 04/4/2022 06:15

There are plenty good well managed websites worth browsing.

Start with The Motley Fool.

H7

[bigdog5] 03/4/2022 22:58

Yes its up to you to work out who has been calling this correct for years as opposed to the rampers and fantasists who just make up BS.

How's the "easy fast and cheap" seven years in the making 55k a day coming along:-)

40k a day achieved (we were told by the company in December 2014) and now mid forties (we are told) and you fantasists reckon the field is doing real well, lol.

[bigdog5] 03/4/2022 22:47

highlander7 posts:-

"It sounds like they have found water where they were not expecting it. Which would be a concern because it means the downhole logs missed something."

Finally you've woken up h7 as that's exactly what I've been telling you for ages. And its bang smack in the middle of the field so yes you suckers ought to be concerned. Didn't highlander7 say S9 would easily find the gas cap and they will be pumping 100k a day in weeks, lol. Then when S9 failed twice he wasn't concerned cos he said they would make more money exporting the gas, lol. There are a few of us that knew that wasn't a runner. Keep trying to get something correct McMitty lol.

Believe what you want constable about the water and gas but you're as clueless as all the suckers here.

Good to see your return Kurdman and putting their fantasies straight yet again.

If it wasn't for the ludicrous hike to the OP the share price would be under £1.50 (1.5p really).

Always happy to help:-)

[bubblingup] 03/4/2022 22:31

(Duplicate post!)

[bubblingup] 03/4/2022 22:30

Frenchboy the moderator flew the coop many moons ago, leaving a free for all. Many have set up their own board but seem to end up back at the free for all. It's up to you to work out who the good guys are and filter or ignore the rest. Other forums are available .