Like your investment strategy. Price per flow barrel an industry norm suggest GKP undervalued by about 10 times. Have quite a lot and low average so unlikely to buy much more for now. Happy to wait now.
I think 'I have 25,000 is clear.' A big enough interest for my appetite. If it falls another 15-20% I may take another 10,000. Provided no substantive public disclosed downside cause. the company has clearly been cleaned up for sale and is strong enough to negotiate from a strong balance sheet with serious majority owners. Any further significant weakness an opportunity by my reckoning. Night night
For injecting some worthwhile contribution among all the feather ruffling today.
GKP valuation: if I had some time I would do an offset comparison of the large number of smaller producing IOCs: divide their Market Caps by their 2P+2C declared reserves - and rate up GKP's value from our (hopefully vastly under rated c800mmbbls) 2P2C X our MC/229m to get a basic value PS. OK - Ruf'n'ready. Surely some dilligents oh here have already done the sum ?
I forgot to mention that if their is an auction currently or being developed ,it is likely to be private not public. With only a few major holders whose irrevocable acceptances would dictate a binding deal a hostile bid is not impossible ,if the bidder manages to split one or more owners into a concert party,but unlikely. Let us all hope the investment houses controlling equity are both greedy and act as one unit.
Ok agenda wrong word.I now know this was worked up most people including me.minaj bob who ever he was,is needs gutting imo.But i always struggled to know which side of the story you were on.Anyways sold out and was lucky enough to make every penny back elsewhere so not that bitter.Genuinely do hope some of the decent folk on here make some back to.
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