I agree Todd won't allow it be sold cheap but he has to answer the angry shareholders for the drastic drop in SP. He has to do something in the short term to keep the price at reasonable level otherwise he position is at stake. The timing of debt offering was badly managed. Too much uncertainty for some time , anyway it is all done and dusted we got to carry on.
This discussion is not beneficial to right thinking members on this board. I suggest we all exercise restraint, and prevent this bb descending into a gutter press mentality. All views should be respected, but not necessarily accepted. SPilot be extremely careful with your choice of words, as it may cause offence to some of our members on this board. In this Country we are very tolerant to all views, no matter how objectionable. A wise man listens to sense and nonsense.
I agree with your summary apart from the TAKEOVER piece. As an example in 1998 BP bought out Amoco at a ridiculously low price. On paper, comparing assets and gas versus oil strategy the takeover should have been the other way around. This happened because the board of Amoco were tired, lacked ambition, innovation and got personal deals that were too good for them to refuse. With Todd and his BOD it's a completely different scenario. Lots of ambition to grow, plenty of energy and they have expertise in this region that others don't have. Todd and his board will never sell this company for below its true long term value. The majors will have to go a long way for any acquisition. They are too big and in comparison far too removed from the ground to understand the value of GKP. Todd is full hands on and will always know the real long term value. This BOD will never sell out cheap because they like what they do!
I'm intrigued as to why you didn't include an oil deal in there along with AB, SA and SH7 giving rise to the sp? The elections are looming the Kurds were needed last time so if they hold the keys needed for the new fed govt then surely they will make sure that oil is on the agenda? All the papers have been shouting about oil deals lately including the most reliable, Reuters. I know they have cried wolf many times but the elections are actually getting very close now and the Kurds health service are a 100 days short of wages, peshamerga's wages etc so something must give soon.
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