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GKP Gulf Keystone Petroleum Ltd

127.50
7.80 (6.52%)
04 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  7.80 6.52% 127.50 1,181,188 16:35:09
Bid Price Offer Price High Price Low Price Open Price
126.80 127.30 128.00 120.20 120.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 123.51M USD -11.5M USD -0.0516 -30.62 266.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:25 O 7,930 127.50 GBX

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Posted at 06/10/2024 09:20 by Gulf Keystone Petroleum Daily Update
Gulf Keystone Petroleum Ltd is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone Petroleum was 119.70p.
Gulf Keystone Petroleum currently has 222,698,655 shares in issue. The market capitalisation of Gulf Keystone Petroleum is £351,863,875.
Gulf Keystone Petroleum has a price to earnings ratio (PE ratio) of -30.62.
This morning GKP shares opened at 120.40p
Posted at 03/10/2024 20:13 by steephill cove
Lets put your statement below into a much more realistic context & probable outcome.

Firstly, its Iraq getting screwed if GKP oil goes out currently at between $25 to $30 per barrel, averaging $27 per barrel in the recent half year results.

The simple facts are that regardless, GKP are profitable, debt free under the current scenario & only 11 months away from the Iraq Turkey Pipeline stalemate ending.

However, right now if Iran create an issue in the Straits of Hormuz or Israel hit Irans oil infrastructure & the oil price goes to $200 per barrel, then GKPs current realised oil price per barrel wont be $27 per barrel.

GKPs revised oil price per barrel will be multiples of $27 even if it is sold cheaper, as everyone (90% of world oil goes through Hormuz) & his dog will be scrambling for oil supply, but especially Europe.

IMHO it will probably be close to the current oil price of $74 per barrel.

If that plays out GKP will be making huge profits once more & will hardly be struggling.
Posted at 01/10/2024 14:34 by putup
100%I agree - their is clearly a reason they not buying back to cancel currently - and its corporate restraint IMO .They are either under agreed offer TBA - OR - about to move too a formal sale process.PS 4 buybacks - ???TTIL - there have only been 2.At 119 p they then bought 5.7m at 139.80 p.Lol.They can't buy currently, so near corporate actions.....Given GKP’s weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field and does not adequately reflect the near-term cash flow generation potential from local sales, the Board has decided to initiate a share buyback programme of up to $10 million.â€?
Posted at 01/10/2024 13:57 by hsflegal
I agree - their is clearly a reason they not buying back to cancel currently - and its corporate restraint IMO .They are either under agreed offer TBA - OR - about to move too a formal sale process.PS 4 buybacks - ???TTIL - there have only been 2.At 119 p they then bought 5.7m at 139.80 p.Lol.They can't buy currently, so near corporate actions.....Given GKP’s weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field and does not adequately reflect the near-term cash flow generation potential from local sales, the Board has decided to initiate a share buyback programme of up to $10 million.â€?
Posted at 01/10/2024 12:50 by peking ducks
I agree - their is clearly a reason they not buying currently - and its corporate restraint IMO .
They are either under agreed offer TBA - OR - about to move too a formal sale process.

PS 4 buybacks - ???TTIL - there have only been 2.




At 119 p they then bought 5.7m at 139.80 p.
Lol.
They can't buy currently, so near corporate actions....
.
Given GKP’s weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field and does not adequately reflect the near-term cash flow generation potential from local sales, the Board has decided to initiate a share buyback programme of up to $10 million.”
Posted at 01/10/2024 09:34 by hsflegal
At 119 p they then bought 5.7m at 139.80 p. Lol. They can't buy currently, so near corporate actions.... . Given GKP's weak share price, which the Board believes trades at a significant discount to the intrinsic value of the Shaikan Field and does not adequately reflect the near-term cash flow generation potential from local sales, the Board has decided to initiate a share buyback programme of up to $10 million."
Posted at 25/9/2024 12:58 by bang_gone
#gkp #gkptakeoverYou are conversing with a PAID sentiment basher ?????@Gulf_Keystoneis the most attractive indy E+P target on ?Hence ? here and on every retail blog - battering sentiment pre ENORMOUS share price ?HTTPS://x.com/ChicagoJack5/status/1838888273785102619
Posted at 25/9/2024 12:16 by peking ducks
#gkp #gkptakeover
You are conversing with a PAID sentiment basher 😇🤣🤣🤣 9315;
@Gulf_Keystone
is the most attractive indy E+P target on 🌏
Hence 🤡 here and on every retail blog - battering sentiment pre ENORMOUS share price 🚀
Posted at 25/9/2024 11:32 by peking ducks
#gkp #gkptakeover
You are conversing with a PAID sentiment basher 😇🤣🤣🤣 9315;
@Gulf_Keystone
is the most attractive indy E+P target on 🌏
Hence 🤡 here and on very retail blog - battering sentiment pre ENORMOUS share price 🚀
Posted at 20/9/2024 16:38 by diamondandpearls
Genel share price will catch up gkp soon !!
Looks like this is going under a pound . Only a matter of time I suppose.
Will there be anymore dividends before year out ?? As for this is sold that couldn't be further way than ever.
Posted at 04/9/2024 13:40 by antondec
So they are following the code by not doing a buyback but are ignoring the code by hiding market sensitive info and permitting insider trading with major shareholders...

No one is currently prepared to pay £1.30 for these shares as the entire enterprise has massive unresolved geopolitical issues - BUT according to you some oil major is going to drop £10-£20-£50 a share (THIS MONTH) because of the "potential". Why is this "potential" not recognised in the current share price? The company makes $7-8m a month - it is valued accordingly.

If GKP offered 5p a share for UKOG (due to "potential") would you, as a shareholder, think that a good use of cash?

You have been spouting the same story for 8+ yrs - why are you right this time?
Gulf Keystone Petroleum share price data is direct from the London Stock Exchange

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