London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
oooooooooooooooooooohhhh
morning banaman; Who has estimated between £7.50 to £75 a share? What detail did you ask them to tell you to validate such? Were you as superior snooty and dismissive on that assessment or was it valid because it was what you wanted to hear?
You nitpick on what you don't like in my post, can't find anything to support/agree with, choose not to acknowledge any detail that doesn't suit your narrative. Maybe you should, for instance, take a look at " without notable progress on production increase/new production", look in more detail at where your little under 30% is coming from.
Rather than sniping at others views, maybe you could detail your own rather than blowing vanity bubbles.
damofarl, 40% premium ? Not sure why anyone would only offer a 40% premium on current market cap. The resource is worth so much more. I have seen people estimate between £7.50 to £75 per share. If you think that's unrealistic, take a look at it in more detail. Not sure why you think only a 40% premium. Maybe you should tell us.
Dividends are not sustainable? Again, have to disagree. I believe, if you consider everything paid out this year its actually a little under 30%. Personally only allowing for 20% and anything else is a bonus. For what reason would the dividend be reduced to 10% ? Please explain as I cannot see it.
malcolmj; i agree with your sentiment; i get a bit peeved at people salivating at a 40% takeover premium, when i'd rather have a 10% divvy for 5 years; peeved that people can't see that such is worth more; that said, without notable progress on production increase/new production, i don't see the current yield maintaining going forward; credit to them, they are paying out the earnings to shareholders (other Co's should follow their example), but they are paying out the cash throw off out (that frankly very long term holders invested/lost) of previous costs/investments. Going forward (post this year) it will be an enrinching 10% - i don't see the frankly stupendous 20% you suggest as sustainable.
Yes Malcolm. Keep the dividends rolling I say. However, a significant offer multiples of the current price would also be beneficial. I actual fact I'm happy with either or.
Not sure why you guys and girls want a take over. 20% plus dividends per annum is good for me.
This is some of the most positive news out recently the location must be a strategic target area for energy security and long term regional influence the US must have this in mind and most importantly the IOC’s
Don’t you just love the way CCC try’s to play this as a deramp, lol won’t be long before his pal Broadford comes along to back him up,
GLA LTH this continues rise in GKP Sp must be frustrating him , lol
Lets put it this way, if the KRG have any apprehension of selling Shaikan to the Chinese for fear of antagonising the Americans, that would have been much reduced during this the passively pro Chinese Biden administration.
In 2024 there is a nailed on Republican administration coming in, which post Covid, and wanting answers from China on the viruses origins, is going to be as frosty to China as one could imagine. Russia isn't the enemy to the Republicans, China is.
If this much vaunted deal doesn't happen now, you can forget for years to come.
Indeed Onepoundfish, ask yourself who put the brakes on a Exxon GKP takeover.
Baghdad may not have their hands on Kurdish oil yet, but they have more influence than you think on who gets what and where.
For how long can a mid-cap oil player keep this giant oik field in feel in the current energy climate? Iraq needs do to everything to keep/bring the big oil players to town.
The best part of this news, regarding any delayed takeover, and the delay in the FDP , being implemented,
Simply means that GKP will have TONS !!!! of cash to dish out over the next few months,
GLA LTH Cant wait for the next $50 million distribution announcement !!!!!!
https://oilprice.com/Latest-Energy-News/World-News/Iraqi-Government-Prevents-Chinese-Parties-From-Buying-Into-Oil-Deals.htm
Iraqi Government Prevents Chinese Parties From Buying Into Oil Deals
By Charles Kennedy - May 17, 2022, 10:30 AM CDT
The Iraqi government prevented three deals that would have seen greater Chinese ownership in its oil fields, Reuters has reported, adding that should that have happened, international companies would have left the country......
Doesn't sound promising for that much hyped Shaikan " Chinese takeaway ".