Gulf Keystone Petroleum Share Discussion Threads

[spark plug] 18/5/2024 21:58

barrons.com/news/iraq-parliament-fails-to-elect-a-speaker-3afe8d5b

As expected - another farce -

[confused _gerbill] 18/5/2024 21:04

From LSE

Following a brawl during the voting session to elect a new speaker, the Iraqi Parliament has adjourned the session. Haibat Al-Halbusi was punched by Muthana Al-Samara’i in the Iraqi parliament after a failed attempt to elect a new speaker. Bleeding, Al-Halbusi was taken to the hospital.

hxxps://x.com/BBashqaly/status/1791914215181029421

I dread to think what they are going to do when they discuss the budget amendment tomorrow. 😂 😂 😂

[worldquant] 18/5/2024 20:06

Lol.Parliament security forces intervened to break up a brawl that erupted in the Iraqi legislature ahead of a vote for a new speaker..https://x.com/rudawenglish/status/1791905908454289617?s=61&t=EEAJRmerpfLiAmForyb8Dw

[worldquant] 18/5/2024 19:53

Errrm.Sinopec can build their own pipeline for Shaikan

[mmt1] 18/5/2024 19:47

This is Iraq Habs - I think we all knew nothing is easy ;)

[pittcock] 18/5/2024 19:46

Another day closer to the pipeline agreement ending, then the oil companies can sidestep all this sh1te.

[worldquant] 18/5/2024 18:14

Wrong .What's so special about gkp?Above 10,000 + cos?IG told me they couldn't afford to pay their brokers costs...Lol

[mmt1] 18/5/2024 17:59

IG are a business. A bookie has hedge risk management depts. They have decided to many people on their books are futures GKP bets, and effectively they cannot hedge and offer that bet..

It means we are most probably a very volatile share (I call it the gamblers share).

They think we are unstable to their books and have decided to reduce risk.. they don't study the ins and outs of gkp.

That is all.

[redbed] 18/5/2024 17:43

They make mkts in everything.But apparently they could not make mkt in little old insignificant gkp.Lol.There is a huge long position there.

[mmt1] 18/5/2024 17:40

For info:

IG are a predominanitly old fashioned booky, well they started that way. I used to hold effectively a fairly hefty sum in SIA/PHAR - I know they hedged it... they even gave me the option to to transfer shares to them for a percent of cash on book rested with them time at LIBOR daily which I took... I had a personal account manager at the time called Al. I haven't checked, but redbed could be right.. Could understand why ig don't take bets on gkp yet ci do... probably due to to someone having a large spread bet on gkp they don't wish to close and are happy to roll..

[johnbuysghost] 18/5/2024 16:56

GKP has been 'in play' since 2012.
I know this sounds idiotic to most, but the city knew the outcome from the first 2009 oil strike........

GLAlongs!!

[redbed] 18/5/2024 16:41

Bob doth protest too much lol.Bob doesn't understand what is happening here..Antitakeover DefensesIn response to these hostile takeover techniques, targets usually devise the following defenses:1. Stock repurchaseStock repurchase (aka self-tender offer) is a purchase by the target of its own-issued shares from its shareholders. This is an effective defense that successfully passed such prominent antitakeover defense cases as Unitrin above and Unocal Corp. v. Mesa Petroleum Co.

[bobgray51] 18/5/2024 16:14

Yes if a company chooses to buy all of their own shares then this is defence tactic. Which is I believe what happened in the example you cited. That clearly isn't happening here. Either way, I don't pretend to know everything, and frankly there is no point arguing with someone who spams the board constantly with takeover and share price to the moon predictions that never materialise. A part of me is in admiration that you can keep it going on such a constant basis.Shortsqueezer, the share price rise is multifactorial, but it's likely related to fact that the majority of people recognise that this is a sensible move by management and demonstrates good leadership. It also underpins the price for a while, so less risk of big drops. Also the company results show it as producing 7 million free cash flow per month with no debt. The share buyback is part of the rise, but there are lots of other positives to want to buy into the company right now. Hopefully this continues.

[shortsqueezer] 18/5/2024 15:27

V interesting. Thanks

[shortsqueezer] 18/5/2024 14:56

Makes sense but how are you working out the free float? There has never seemed to be any difficulty buying as far back as I can remember

[worldquant] 18/5/2024 14:37

SS it correlates when you think that probably only around 5% maximum of the stock is liquidly tradeable if that!!!.That's why this defence tactic is going to force the price up / force a public bid / increase ultimate price paid.

[worldquant] 18/5/2024 14:33

Bob doesn't understand what is happening here..Antitakeover DefensesIn response to these hostile takeover techniques, targets usually devise the following defenses:1. Stock repurchaseStock repurchase (aka self-tender offer) is a purchase by the target of its own-issued shares from its shareholders. This is an effective defense that successfully passed such prominent antitakeover defense cases as Unitrin above and Unocal Corp. v. Mesa Petroleum Co.

[grouchomarx] 18/5/2024 14:15

Totally agree.