Register
Login:
Share:
Email Facebook Twitter




GKP Share Chat - RSS Feed

Gulf Keystone Petroleum Share Chat (GKP)



Share Price: 49.75Bid: 48.75Ask: 49.75Change: -0.25 (-0.50%)Faller - Gulf Keystone
Spread: 1.00Spread as %: 2.05%Open: 50.50High: 52.00Low: 48.00Yesterday’s Close: 50.00


Share Discussion for Gulf Keystone (GKP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
myelopath
Posts: 14
Off Topic
Opinion:No Opinion
Price:53.50
View Thread (3)
RE: Return
25 Feb '15
Gallante - thanks,definitely a substantially improved picture... compelling buy opportunity to lower one's 2013 average, but damn this share has a habit of finding ways to defy logic.
 
DuffyMoon
Posts: 287
Off Topic
Opinion:No Opinion
Price:53.50
View Thread (4)
RE: Takeover
25 Feb '15
I don't want to get ahead of myself, but just to expand on carvegyber's reply, which sums things up nicely if it's a straightforward sale of the whole company, there are some other possibilities (and apologies if this is a bit tedious, but it's worth being aware should the discussions progress) :

- share deal = no cash, just a swap of GKP shares for shares in the new owner
- cash/share deal = a hybrid of the two
- farm in/out = business as usual, with a new partner on board to share costs. GKP shares remain as before
- scheme of arrangement = new shares in acquirer (this option has been popular recently as it helps bidders avoid stamp duty, but I think Osborne is in the process of closing the loophole and in any case the tax avoidance part is only relevant for UK bidder companies).

GKP isn't subject to the UK Takeover Code, but does voluntarily mirror it, so if things progress as we would wish, we should start to see the Rule 8 disclosures that many will have noticed on Afren recently.

There are lots of details/variations on voting, requirement for s/h meetings, what constitutes a majority in the different voting scenarios etc. As I understand it most of this falls under Bermuda law re M&A, but I would need to confirm this is still the case.

If it's just an asset sale, as opposed to a sale of the whole company, there's no vote.
Tyro
Posts: 32
Off Topic
Opinion:No Opinion
Price:54.00
Position of Strength
25 Feb '15
While interest may be welcome I cannot feel optimistic about a putative sale price as we need cash,have little income & now is not a great time for the oil industry.While our suitors may take the long view they know now is an opportune time to pick up GKP for a song.
AberOily
Posts: 189
Off Topic
Opinion:No Opinion
Price:54.50
Here comes....
25 Feb '15
....the last half hour of madness. Bring it on!!!! GLA
cardington
Posts: 836
Off Topic
Opinion:No Opinion
Price:54.00
its official
25 Feb '15
gkp is up for sale!!!

form an orderly queue Exxon, Chevron, Marathon, Sinopec, Total, BP, CNOC, Gazprom, Lukoil, Petrochina, Shell, increase your reserves by 1.5bn - 15bn, no more exploration losses needed - seems like a bit of a no brainer (so long as I get £8 a shares please)

Does anyon know when the BOD's bonuses kick in hopefully at £20 a share haha
XLNC_Charming
Posts: 273
Off Topic
Opinion:Strong Buy
Price:54.25
Why r idiots putting money in AFR??
25 Feb '15
This is the time to top up here or hold.. Some people just don't know a good RNS when they see one.
Only an idiot would sell out now and miss the big ride. GS would not have put out an RNS if the offers were mere conjecture... Get real guys n gals.. This SP is in recovery mode and we should see it rising as anticipation for offers come to fruition. A very strong buy IMHO that's why I've topped up even at these prices.. Bargain basement deal for those who can hold their nerve. GLA ... In the words of Warren Buffet ...
"The stock market is a device for transferring money from the impatient to the patient." GLA n Buy/Hold/ DYOR Ye shall be rewarded soon!!:)
barnaby67
Posts: 338
Off Topic
Opinion:No Opinion
Price:54.25
View Thread (3)
RE: Reuters update
25 Feb '15
Spot the moronic prediction:

"Macquarie Research analyst David Farrell said he did not expect the company to fetch much more than its current market value given oil prices and the current capex austerity environment".
vizhy
Posts: 143
Off Topic
Opinion:No Opinion
Price:54.25
its been a good
25 Feb '15
and unexpected day...fingers crossed for some more good news in the coming days and weeks. GLA gotta be over £2.50....would love £5+ but anything inbetween will do me just fine
AgeofKali
Posts: 135
Off Topic
Opinion:No Opinion
Price:53.75
View Thread (3)
Reuters update
25 Feb '15
"Macquarie's Farrell named Hungarian oil company MOL Plc , Gulf Keystone's partner on the Shaikan and Akri-Bijeel blocks, as a likely bidder. Gulf Keystone has been reviewing options for its 20 percent stake in Akri-Bijeel since August.

However, a source close to the matter said MOL was not interested in buying Gulf Keystone.

State-owned oil companies could also be interested in purchasing the oil producer, two analysts said.

They added that even though large companies such as Chevron , Exxon Mobil and Total had the necessary firepower and regional exposure to make the buy, board approval would be difficult in the current oil market.

Exxon Mobil said it did not comment on market speculation. Chevron and Total did not immediately respond to requests for comment. (1 dollar = 0.6445 pound) (Editing by Ted Kerr and Maju Samuel)"

http://www.reuters.com/article/2015/02/25/gulf-keys-petr-ma-idUSL4N0VZ2FH20150225
Mulder
Posts: 1,493
Off Topic
Opinion:Buy
Price:53.50
6M more Buys than Sells so far
25 Feb '15
Strong volume.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.