Gulf Keystone Petroleum Share Discussion Threads

[shortsqueezer] 02/9/2022 15:01

Bit of a curates egg but should arouse further interest :https://moneyweek.com/investments/stockmarkets/605288/is-gulf-keystone-petroleums-20-yield-worth-chasing

[giant_canine] 02/9/2022 14:28

Investors Chronicle,September 1, 2022 By Alex Hamer

"Kurdistan oil company spewing out cash from low-cost operations, although regional tensions could have an impact this year"

"Peel Hunt analyst Werner Riding flagged the regional tensions but said the dividend yield provided “more than adequate compensation for the risk of operating in Kurdistan�. He has forecast 2022 as a peak for the company, with cash profits hitting $400mn this year (up from $223mn in 2021) before dropping back slightly to $393mn in 2023.

While being aware that very high yields do have downsides, we stick with our positive call. BUY AS MANY AS POSSIBLE BEFORE IMMINENT TAKEOVER."
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[johnbuysghost] 02/9/2022 14:28

I hold GKP for £109.73p per share and not a penny less.

[bigdog5] 02/9/2022 14:21

harriet, if the field was any good someone would have bought it years ago.

The Chinese did some work for the company and didn't react. Kozel went to China and no reaction from the meeting. The Xom mull was BS. DNO walked away at way less than £1ps. Not even a very small proportion of Kozel exaggerated barrels have been discovered in 13 years!!! The CPR's are telling a completely different story. Are you saying they're lying and "hiding" the barrels? Why would they do that? Even the hosts have finally come clean about their "proven reserves".

Where's the FDP that you said was agreed last October?

[giant_canine] 02/9/2022 14:15

Investors Chronicle,September 1, 2022 By Alex Hamer

"Kurdistan oil company spewing out cash from low-cost operations, although regional tensions could have an impact this year"

"Peel Hunt analyst Werner Riding flagged the regional tensions but said the dividend yield provided “more than adequate compensation for the risk of operating in Kurdistan�. He has forecast 2022 as a peak for the company, with cash profits hitting $400mn this year (up from $223mn in 2021) before dropping back slightly to $393mn in 2023.

While being aware that very high yields do have downsides, we stick with our positive call. BUY AS MANY AS POSSIBLE BEFORE IMMINENT TAKEOVER."
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[bigdog5] 02/9/2022 14:14

Yes harriet but oil investor has been proven completely wrong with their views and opinions over the years.

Did you miss my post responding to your desperate attempt to con others? Here it is again:-)


Bigdog52 Sep '22 - 13:09 - 660659 of 660674 Edit
0 01
"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

"The Reserves are huge and real" - Tony Peart

"GKP have billions of barrels of recoverable barrels" - colleague of Tony Peart

So why is it that after 13 years and 15 wells the Reserves have fallen and never get increased? Why is it that "reserves" they use to count on have now been moved to "resources"? IE they cannot any longer have any confidence in them.

"I joined GKP because of the asset" - Jon Ferrier

And the money and bonuses I would imagine but then at a later date made the above comment. Strange that 15 wells haven't added a single barrel?

"The Transient Drainage Radius is 6 miles" - John Stafford

Water being found all over the field which is why they need water handling equipment. If there were just "traces" it wouldn't be an issue.

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

"The oil hasn't gone anywhere" - John Gerstenlauer

How much more proof is required that after 15 wells none of TK/JG's BS numbers have been discovered.

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

Have we seen any proof of that? More water found and several wells now not up to company expectations.

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy

And where is the proof of that?

[giant_canine] 02/9/2022 14:10

Investors Chronicle,September 1, 2022 By Alex Hamer

"Kurdistan oil company spewing out cash from low-cost operations, although regional tensions could have an impact this year"

"Peel Hunt analyst Werner Riding flagged the regional tensions but said the dividend yield provided “more than adequate compensation for the risk of operating in Kurdistan�. He has forecast 2022 as a peak for the company, with cash profits hitting $400mn this year (up from $223mn in 2021) before dropping back slightly to $393mn in 2023.

While being aware that very high yields do have downsides, we stick with our positive call. BUY AS MANY AS POSSIBLE BEFORE IMMINENT TAKEOVER."
.

[highlander7] 02/9/2022 14:09

oil_investor - 27 May 2017 - 18:03:30 - 540180 of 653241

"Shaikan is world-class" - Jon Ferrier

"Shaikan will produce for 80 to 100 years" - John Gerstenlauer

"The Reserves are huge and real" - Tony Peart

"GKP have billions of barrels of recoverable barrels" - colleague of Tony Peart

"I joined GKP because of the asset" - Jon Ferrier

"The Transient Drainage Radius is 6 miles" - John Stafford

"Shaikan will produce beyond the lives of our grandchildren" - Jon Ferrier

"The oil hasn't gone anywhere" - John Gerstenlauer

"An extra 0.2% Fracture Porosity would add 800 million barrels to Reserves overnight" - John Stafford

"Shaikan is second only to Kirkuk" - John Hurst, Exploration Director Genel Energy

[tom111] 02/9/2022 14:00

US administration say Iran are going "backwards on the deal" and are negative oil up on the statement

[giant_canine] 02/9/2022 13:50

ConDog - the BUY signal to end all Buy signals.

[nufc9] 02/9/2022 13:45

Better give Canaccord a call and tell them the asset it only worth £1ps. Tell them they are clueless idiot rampers with their target price of £3.70. Tell them they are suckers. Let me know what they say.

[nufc9] 02/9/2022 13:43

While you moan away Bogdog, the professionals are updating their price targets. Where was that "wipe out number 2" you mentioned might happen on the 1st Sept. LOL

Canaccord Genuity reiterates 'buy' rating on Gulf Keystone

Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' rating and 370.0p target price on exploration and production outfit Gulf Keystone on Friday following the group's first-half results.

Canaccord Genuity said Gulf Keystone had delivered another "very strong set of results" both operationally and financially, with a further $25.0m dividend declared for 2022.

Operationally, Gulf Keystone has done a good job of maintaining production at current levels while it accelerates the implementation of water handling facilities at both production facilities on Shaikan.

The Canadian bank said Gulf's "solid production base", combined with high oil prices, has led to an "outstanding financial performance", allowing the company to increase full-year total shareholder returns to $215.0m.

Furthermore, Canaccord highlighted that after H122, Gulf Keystone had been able to redeem its $100.0m bonds a year early.

"Despite that total return of $315m to shareholders and creditors and increased capex (due to the addition of a well), we expect the company to maintain a very strong balance sheet, and we project around $170.0m cash

[bigdog5] 02/9/2022 13:35

I see that Paul Carroll has put back his takeover prediction for a further week. But what about the previous 8 years of the same predictions?

[giant_canine] 02/9/2022 13:24

Investors Chronicle,September 1, 2022 By Alex Hamer

"Kurdistan oil company spewing out cash from low-cost operations, although regional tensions could have an impact this year"

"Peel Hunt analyst Werner Riding flagged the regional tensions but said the dividend yield provided “more than adequate compensation for the risk of operating in Kurdistan�. He has forecast 2022 as a peak for the company, with cash profits hitting $400mn this year (up from $223mn in 2021) before dropping back slightly to $393mn in 2023.

While being aware that very high yields do have downsides, we stick with our positive call. BUY AS MANY AS POSSIBLE BEFORE IMMINENT TAKEOVER."
.

[johnbuysghost] 02/9/2022 13:21

I hold GKP for £107.42p and not a penny less.

[bigdog5] 02/9/2022 13:21

"Flagged up the regional tensions" lol.

The PSC's have been deemed illegal. Kurdistan's exports have been deemed illegal and are "smuggled" oil. Baghdad have imposed "blacklisting" on all companies with contracts in Kurdistan. Many oil companies/service companies have departed for fear of being blacklisted for contracts in Iraq. And some of them are Yanky so what does that say about the USA Govt sorting out the impasse? The Yanks have stated several times they won't get involved with the dispute and its for Baghdad and Erbil to solve the problem.

[giant_canine] 02/9/2022 13:20

Investors Chronicle,September 1, 2022 By Alex Hamer

"Kurdistan oil company spewing out cash from low-cost operations, although regional tensions could have an impact this year"

"Peel Hunt analyst Werner Riding flagged the regional tensions but said the dividend yield provided “more than adequate compensation for the risk of operating in Kurdistan�. He has forecast 2022 as a peak for the company, with cash profits hitting $400mn this year (up from $223mn in 2021) before dropping back slightly to $393mn in 2023.

While being aware that very high yields do have downsides, we stick with our positive call. BUY AS MANY AS POSSIBLE BEFORE IMMINENT TAKEOVER."
.