Gulf Keystone Petroleum Share Discussion Threads

[highlander7] 27/10/2021 15:04

Wind and Solar do not pay for dividends !

As predicted.

LOL

[highlander7] 27/10/2021 14:41

Bloomberg...


Markets slip

A mixed collection of earnings numbers and a drop in commodity prices have spurred a pause to the global equity rally. Overnight the MSCI Asia Pacific Index slid 0.5% while Japan’s Topix index closed 0.2% lower. In Europe, the Stoxx 600 Index was down 0.4% at 5:50 a.m. as a cut to Germany’s growth forecast added to pressure. S&P 500 futures pointed to a small move into the red at the open, the 10-year Treasury yield was at 1.592%, oil was close to $83.50 a barrel and gold slipped.

[pensioner2] 27/10/2021 14:17

Another awesome day for the volume traded...or should that read awful? :-)

[highlander7] 27/10/2021 13:59

Risks in Kurdistan are no higher than the likes of Nigeria and remember that the KRG are sympathetic towards the West and the USA. Risks elsewhere are much higher. On the West African Coast for example.

IMO

[gazebo79] 27/10/2021 13:57

Everyone bangs on about risks but can anybody tell me when there was a down day production wise. You will struggle to find one. Its ridiculous that its still range bound. Good things come to those who wait. My moto anyway

[attyg] 27/10/2021 13:41

I am not expecting another net $30m for the August invoices and back payments.
Looks to me like the average oil price was about $72 for July, whereas it looks to be more like $70 at a push for August. In addition, we have one less production day in August.
Net receipts may well recover and possibly exceed the $30m when the September invoices are paid – looks like the average oil price was around $74.
Of course, October will be crackerjack as, not only is it a 31 day month, but the average oil price is likely to be more than $80.
Difficult to guesstimate volumes of barrels sold – naturally these could have an even greater impact upon net receipts than the oil price movement. I am expecting daily production will be get close to the 55,000 plan by the end of the year – bumps along the way notwithstanding. It also strikes me that the KRG will want us to be running at maximum production with oil prices at these levels. So no drop off in production expected by me.
Looking at our last receipt being RNSd on 5 October, I am hoping we will receive notification by 4 November before the Friday holy day for payment of the August invoices.

It is far from ramping to envisage GKP receiving something in the order of $500m receipts in 2022.
On the basis of GKP raising the dividend to $150m (up from the $100m paid recently), then GKP will be on a 25% yield – or a 10% yield with the share price at £5. ($150m FX rate 1.37 = £0.5045 per share divided by share price of £2.04sp).
Notwithstanding the risks associated with Kurdistan, it is hard to see how GKP can go lower – I am expecting it to go considerably higher.

[steephill cove] 27/10/2021 13:40

I think someone needs to let her know about GKPs non stop chunky dividends & Shaikan lifting costs per barrel on Twitter 🤣👍🤣

Follow her on Twitter at @sardana_saloni

[steephill cove] 27/10/2021 13:28

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.

[goatcam] 27/10/2021 13:05

also.... while we're here. when you say:

"If the field was any good wouldn't it reasonable to believe someone would have snapped it up years ago?"

your argument of "its not going to happen tomorrow because it didn't happened yesterday" is pretty weak.... i thought you would have something better up your sleeve than that...

getting desperate?

[goatcam] 27/10/2021 12:57

Bigdog - "obvious plan A failed"

LOL oh right... and what was plan A Bigdog? and explain to me how it failed. LOL

[bigdog5] 27/10/2021 12:53

I wonder what S13 plan they're on now?

Obvious plan A failed, plan B or plan C? But as we know its not what they announce its what they don't innit:-)

All you rampers should read your departed guru's questions carefully in their October 2016 post. One of his main supporters thought he was being clever by reposting it however what it does do is highlight so many "issues" that have gone unanswered which contradict all of you ramping clowns beliefs imho. Remember how he was still ramping the daylights out of the prospects right up until the wipeout (that he maintained would never happen)? However if you read his October post and join up the clues it paints a totally different picture in regard to your ludicrous beliefs in the Kozel barrels:-) Could it be that he was beginning to doubt their existence as well? Were the mists lifting for him after all those years?

If the field was any good wouldn't it reasonable to believe someone would have snapped it up years ago?

[lespadge] 27/10/2021 12:44

I think you're the one with a credibility issue Bigdog. You do go on more than is normal and rational; 27k ish posts and you own no shares. Do take care of yourself fella. Health is the most important thing!!

[goatcam] 27/10/2021 12:40

Move on fella.... stop living in the past...

Another $30 million due imminently.....

and then another $30+ million due...

KERRRCHINGGGGGG

What was that i heard you mutter Bigdog.... our heavy oil is worthless????

LOL

[bigdog5] 27/10/2021 12:28

If anyone thought the field was even reasonable they've had 12 years to analyse it and would have made offers.

Xom walked away after having a "mull" but was that just hype and BS from Kozel? JG stated in court "there was nothing going on". Since then only DNO have shown any interest and walked away after offering way less than £1ps. If the field was any good how come no one "challenged" DNO? There's been no other interest. Were there 18 companies in the Data Room or was that BS?

If RW's post of October 2016 is read carefully its absolutely clear there were so many questions that weren't answered by the company/BOD. That can only mean two things. The company were confused by the contradictory data they were receiving, RW makes a couple of mentions on that issue OR the company were "hiding" valid information imo.

Its very noticeable that RW who continued to ramp up the prospects of the company until the shareholder wipeout of July 14th 2016 (which he denied would ever happen right up until it did) but then as we can see from his October post completely changed and pointed out the many questions that had been put to the company/BOD that went unanswered.

Those questions remain unanswered. All references to the Kozel years has gone and none of it was referred to or presented under the previous CEO. Rather tells a completely different story imho.

Credibility issue?

[goatcam] 27/10/2021 11:18

Hey Kurdman,

I've just done a massive poop. Can you come and clean it up for me. There is a hidden message regarding GKP's next update hidden in the poop pile if you look hard enough.

[hydrocarbon1] 27/10/2021 11:13

OD -tired then leave, could be big mistake leaving before next OPS update.

[kurdman63] 27/10/2021 11:11

Hey Stu 😂

I've got an old Black and Decker that will be more efficient than what you are using 😂

GoatCam 🐐🎥® Better equipped and qualified.

[banggone] 27/10/2021 10:24

HTTPS://twitter.com/GoodnightCharl1/status/1453196385394831365?t=A0O22FIYEetwJTnOGXy2_g&s=19

[banggone] 27/10/2021 10:24

330,888 :)Thanks one and allTAKE OVER ANNOUNCED BEFORE CHRISTMASYOU CAN TAKE THAT TO THE BANK

[officerdigby] 27/10/2021 10:06

It's that a buying 0p? Prediction

[nestoframpers] 27/10/2021 09:53

Well OAP was right again re buying Op .