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There are a lot of ifs and buts in the GKP capex figure. If the FDP is delayed or new PSC not agreed then GKP can stall spending. They have said as much many times and is pretty their only leverage. My guess is with KRG switching to KBT unilaterally then there will be much higher pressure to negotiate something for GKP.
That’s roughly 10% of mcap. Pretty big amount. Clearly BoD think so is way under valued. What will be impact of such big buyback?
GKP are debt free and still getting 25m cash a month. Owed over 100m. Cash pile close to 200m. KRG must be screaming for GKP to spend more Capex and pump more. But given KRG treatment expect high dividend. Minimum 50m more likely 75m or even 100m. Sit back and collect.
So the biggest take away was that cash stands at $550m. But CFO said they would expect normal
level to be at $200m. So the big question that was not answered is what will they do with the spare $350m. Is all of this going into the capex development in the short term. If so it’s a massive amount.
It’s hilarious how many detractors on here claim to be holding GKP. Non stop negative posts and then they claim to have sold their positions. Lol.
Yep Basse I think this might have prompted a deal from the Moz side. They must know that once there will be a relentless drive to maximise value. It could cost mega millions. Why not just nip it in the bud before PHE is sold. Maybe settle the whole things for low millions. Nothing surprises me here.
Yep, the interesting thing is could buy out PFP for peanuts. Is it possible for a buyer to emerge before 21st Feb that has a serious go at getting over 50% ownership of PFP and stop the AAG deal? Am surprised no one on Moz side has tried this to solve all the problems.
Turkey has ordered the pipes open today. No time for GKP to curtail anything. So expect virtually zero impact. No doubt shorting mates will now buy back in fast to get the 5% divi. Very happy holder
Turkey has resumed Ceyhan oil flow. So expect GKP RNS tomorrow. SP dip from 205p to 190p was massive over reaction. Also Brent up. Expect back to 205p this week. Easy money now.
Reaction to earthquake news. GKP always gets hit hardest when news events hit the region. So far no reports of any damage to production.
Reuters is reporting no damage to the pipelines but detailed checks will be carried out. Plenty of capacity at the terminal for flow to be stored. Sounds like everything is precautionary. Good news for GKP. Chance to buy the dip.
Today’s RNS stated that will have update in the next weeks. When will this be? End of Jan? Credibility of management team is shot to pieces after the last bad news. They made a lot of promises but are not delivering. Hope was that a lot of the bad news had been released last time round.
Coldspy there were late buys at the end of day. Quite high value. Shorters hit the market to drive price down hard along with II sellers. At rock bottom
shorters closed their positions.
II selling does not explain late buys
Some late end of day buys. Basically shorters closing. They’ve made their killing.
Doubt it’s Directors buying. More like shorts closing. Shorters made a killing today.
Is good news
Yep happy to be an odd idiot here. Lol
Yep Surrey agree. Nothing new to say so don’t bother posting.
That’s more than had expected from an IR department. Of course they cannot say anything that isn’t already on record. However, strong indication that an update will be provided on the stuff proposed this year