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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 99.25Bid: 99.25Ask: 99.75Change: 0.00 (0.00%)No Movement on Gulf Keystone
Spread: 0.50Spread as %: 0.50%Open: 101.25High: 101.25Low: 99.00Yesterday’s Close: 99.25


Share Discussion for Gulf Keystone Petroleum


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Oilman63
Posts: 626
Off Topic
Opinion:No Opinion
Price:127.00
RE: LongStrong
17 Feb '17
And now he's talking to himself.
 
Dibendra
Posts: 676
Off Topic
Opinion:Strong Buy
Price:127.00
RE: LongStrong
17 Feb '17
Valuation on gulf is tricky.
Using some industry norms its minimally trading at a discount of 6-800%
The politics etc will discount a market price
A trade bid that is preferably a board recommended bid will let everyone know the answer
There is no doubt about Shaikan being a very significant onshore asset.
Personally the market discount to trade is so vast I bought a few more today
I have 25,000
That's sufficient slice for me
I'm very confident I will make at least 300% and it could be a lot more IF there is a competition
I'm just not sure how long that will take to happen
Happy to tuck them away and wait
1Calyps0
Posts: 836
Off Topic
Opinion:No Opinion
Price:126.00
GKP
17 Feb '17
If this was ULVR today, I'd be crying tears of happiness.
LongStrong
Posts: 49
Off Topic
Opinion:No Opinion
Price:123.50
View Thread (6)
RE: Longstrong
17 Feb '17
Lol clearly you are a nutter with a complete arrogant attitude!!

Do you know who I am, seriously get a grip. Not interested who you are I am here to get views on GKP and you still haven't offered any sensible discussion to the question regarding the valuation of the company?

More than happy to hear your views about GKP valuation but leave the insults or accusations out of it please!
LongStrong
Posts: 49
Off Topic
Opinion:No Opinion
Price:123.50
RE: LongStrong
17 Feb '17
I think that's where I am at, reading any articles relating to the DNO bid it sounded opportunistic at best. Clearly the politics at play in Kurdistan has a big influence on valuation however I am just trying to establish a baseline valuation based on reserves alone.

Apparently 18 companies interested however whether that is a good or bad thing I don't know as far as I can see there has been a firm offer from DNO, interest from Sinopec and rumors of Exxon. So like you say we need to see a firm offer to establish the level of discount being applied.

Even taking all the above into account it does look very cheap (obviously I wouldn't encourage anyone to invest either way). You make your own decisions but personally as a new investor I am quite optimistic of getting a decent return on this, hopefully the long termers can also benefit too.
Oilman63
Posts: 626
Off Topic
Opinion:No Opinion
Price:123.50
RE: Longstrong
17 Feb '17
You are a new avatar registered 17th February 2017. And yet you choose the name LongStrong ???
All your posts are on GKP apart from 1 on GENEL ??? You just happen to post one of Waterhouse's posts on here ???
You say you don't know who anybody is ??? And yet you say you have looked into the history of Gkp ???

I would hazard a guess that you are a Stockport wolf in sheep clothing trying to push your misguided agenda ???
More questions than answers ???
DuffyMoon
Posts: 1,400
Off Topic
Opinion:No Opinion
Price:126.00
RE: LongStrong
17 Feb '17
We're on the same page then, except I was only asking about payments. Looking at what happened at Atrush, I would hesitate to risk an investment based on the KRG actually stumping up those back costs in the short term nor does the ability of the BoD to negotiate effectively inspire me with any confidence.

We'd need to see some competitive response to our noisy neighbours' cheeky bid to get a feel for value...and so far there has been nothing but tumbleweed.
LongStrong
Posts: 49
Off Topic
Opinion:No Opinion
Price:126.00
RE: LongStrong
17 Feb '17
Agree it's always difficult to put a value on a company because there so many factors involved hence why asking for opinions.

I got 28m arrears and 61m government participation back costs. Took this from the investor presentation (November 2016).
DuffyMoon
Posts: 1,400
Off Topic
Opinion:No Opinion
Price:126.00
RE: LongStrong
17 Feb '17
Is it not a bit futile, trying to put a value on something that no one may buy? If I want to sell my house, I can gauge where to pitch the price by comparing to other recently sold houses in the area, but if there have been no neighbourhood sales and/or I get no offers, for whatever reason, it's academic.

I think payment arrears are $28m historical + Dec & Jan (total $24m) = $52m. To set against the $28m is a sum of $27m that the company have indicated is a liability (from test production days). So treating the numbers with caution, I'd say they're only definitely owed the Dec & Jan invoice payments.

You can see from the above how different people get different answers from published information. Trying to value the company is an even more nebulous concept.
LongStrong
Posts: 49
Off Topic
Opinion:No Opinion
Price:124.50
RE: LongStrong
17 Feb '17
Looks like 89m outstanding, get the feeling people are reluctant to try and put a valuation on the company. Why is that?




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