Gulf Keystone Petroleum is an independent oil and gas exploration and production company. It was founded in 2001 by UAE, Kuwaiti, Saudi and US private equity. It is now operated in the Kurdistan Region of Iraq.
Its not rocket science. Before the financial restructuring it was over geared. QED the bond holders had them by the short and curleys. Now the gearing is realistic the shareholders are in control. Investing in an overheated company is always risky. Those who lost money did so because lady luck didn't deliver on their high risk bet. With the gearing now manageable the risk is much less. Sure this also means the potential gain is less, but for those with realist expectations this is now a… Read More
Yes invstrat, they need to pull their fingers out their asses. As for helx, please stop posting 'i told you so's' on this website. The current SP is way too low with extremely high upside. With $121 in the bank and $85 owing this is over 50% of its current SP alone, forget the huge assets they sit on. The company cannot go bankrupt any time medium term due to the cash reserves, its simply impossible. I would amazed if this went to 1p and honestly see it getting 2p and beyond as soon as some… Read More
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