Gulf Keystone Petroleum Share Discussion Threads

[ptmorris1] 07/7/2022 13:15

nestoframpers for PM

[highlander7] 07/7/2022 13:15

Not a chance. It will be more of the same from yet another numpty.

[nestoframpers] 07/7/2022 13:07

I hope the new PM cracks on with this list off the UKIP thread.

-distance ourselves from ukr
-distance ourselves from net-zero
-supercharge food and energy security
-sort the borders out

put all this back in the box:

online safety bill
national security bill
counter states threat bill
police criminal courts sentencing act
public order bill
elections act
judicial review bill
covert human intelligence act
new British bill of rights
nationality and borders bill
schools bill

And get fracking and drilling

[elcapitano100] 07/7/2022 11:26

I couldn't help noticing that the dividends for the last rolling year at the current exchange rate are a shade above 92p.Which works out at a 38% yield on the current share price And more likely to increase than decrease...

[97peter] 07/7/2022 11:06

Just a blip on oil price, their is a world supply shortage and when Putin switches off the oil and gas to EU come September if war not over by then? We will see petroleum st £3 a litre! Hope GKP do get bought out as a Ron Ron for all!!

[nufc9] 07/7/2022 11:05

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. So when we looked at the ROCE trend of Gulf Keystone Petroleum (LON:GKP) we really liked what we saw.

Understanding Return On Capital Employed (ROCE)

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Gulf Keystone Petroleum is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

0.26 = US$174m ÷ (US$764m - US$99m) (Based on the trailing twelve months to December 2021).

So, Gulf Keystone Petroleum has an ROCE of 26%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 5.6%.

[pensioner2] 07/7/2022 10:56

Seat belts on for the ride back up folks.

[nufc9] 07/7/2022 10:29

The Kurdistan Regional Government (KRG) said on Wednesday (July 6) the KRG will not give up its constitutional rights or submit to pressure or threats from the federal government that would violate the rights of the people of the Kurdistan Region.

The KRG Council of Ministers held a discussion on Wednesday over judicial and legal steps in response to what it considers unjust and unconstitutional pressure from the Iraqi Ministry of Oil.
The KRG said in a statement the federal government has unconstitutionally decided to hold back from sending the budget to Erbil and stated Baghdad is attempting to prevent the KRG from accessing its own oil revenue and local revenues.

[highlander7] 07/7/2022 10:25

Malcy.....

Oil price

Oil has taken a tumble in the last couple of days as worldwide recessionary fears take their toll and as I mentioned yesterday the US bond inversion spooked markets. With the IMF saying that the outlook for the Global economy had ‘darkened significantly’ the dollar rose again and is now causing grief around the world.

These recessionary fears have led to hedge funds unwinding their positions which were based on the high oil price being an inflation hedge and accordingly the open interest in WTI is the lowest since May 2016.

However this is likely a short term thing, product markets remain tight, demand is strong despite warnings, still +2m b/d increase and stocks are low. The API stats were mixed, crude built 3.8m which is still obfuscated by SPR releases but gasoline drew 1.8m barrels and distillates drew 635/- b’s.

Interestingly Shell in today’s 2Q update have increased their Brent expectations and released $4.5bn worth of write downs already made. This was better than expected and so were the refining margins which are somewhat acceptable…

[pensioner2] 07/7/2022 10:19

Yep, looks like the kiddie just got the keys to the sweet shop.

[pensioner2] 07/7/2022 10:18

Could BR sell direct to Sinopec and then put the trade through the market after it completed? If that's possible then they could engineer a drop like the last month with no consequences.

[thebabe] 07/7/2022 10:16

Slavvering

[highlander7] 07/7/2022 10:14

BOJO just resigned.

Where will that leave Zahawi ?

H7

[thebabe] 07/7/2022 09:57

They could have sold them /promised them to SINOPEC.....They are always on both sides of big M+A

[johnbuysghost] 07/7/2022 09:49

China is coming for GKP.

Get ready!!

[thebabe] 07/7/2022 09:42

Ashti Hawrami [25] had Adnan Samarrai, country manager of Gulf Keystone Petroleum working in Kirkuk all the way to the Turkish border from 2005 until 2007 preparing the PSC areas. Nadhim Zahawi made $370k on top of his salary as an MP while investors lost [26]. GKP is referred to in the High Court Judgment of 2013 concerning Gulf Keystone, Case No: 2010 Folio 1517 involving Excalibur Ventures LLC. Over a PSC with the KRG.Zahawi who was very close to Ashti Hawrami, reportedly transferred the convertible debt bonds from Gulf Keystone to Chinese state-owned Sinopec in part – but not all – and it can have made him some $75 million. 

[thebabe] 07/7/2022 09:39

He "allegedly" transferred some of the convertible bonds to SINOPEC.

[fairenough11] 07/7/2022 09:33

OAP,
Well, they hold Sinopec as well,so if they are playing both sides they would indeed be buying them back quickly.They are not daft,peeps who bought at £3+ will have been forced out so they were an easy target for them,thus the large fall imo.Let's see what happens.

[fairenough11] 07/7/2022 09:06

He's a snake-oil salesman.Trousered cash for doing nothing while shareholders faced wipeout.but we have recovered,but he's still a snake-oil salesman.
Pre bought next Divi.
I presume it's Blackrock who have been selling while they are under notification level.
One hell of a drop considering the incredible fundamentals here.It points to corporate action and soon imo.

[johnbuysghost] 07/7/2022 08:58

Zahawi is a shady b4stard imo.