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Posts Categorized: Gulf Keystone

  • Pricing Gulf Keystone Petroleum equity in a bid scenario

    December 19, 2016 | Posted by

    By Richard Jennings CFA Following on from our post restructuring GKP blog HERE in which we attempted to establish fair value for the restructured GKP equity, it did not come as a surprise to us to see the news on Tuesday that China’s SINOPEC was mulling a takeover bid for the entire equity of Gulf […]

  • “New” Gulf Keystone Petroleum – The resurrection commences. See through value of 2p per share

    November 11, 2016 | Posted by

    By Mark Parfitt and Richard Jennings CFA It is probably be fair to say that the situation at Gulf Keystone Petroleum Limited (GKP) still remains in a state of flux with investor sentiment being driven principally by raw emotion rather than hard facts as qualified comments remain thin on the ground while brokers and analysts […]

  • Gulf Keystone Petroleum – DNO puts the cat amongst the pigeons

    July 30, 2016 | Posted by

    By R Jennings, CFA Well, well, well who woulda thunk it? Just when the BoD of GKP thought that the restructuring was in the bag and the Senior bond holders were to walk off with most of the equity in the Company, Norwegian Oil Group DNO decide to (advance) crash the party. The announcement on […]

  • Gulf Keystone Petroleum – Arbitrage opportunity

    July 18, 2016 | Posted by

    By Richard Jennings, CFA I last wrote about GKP HERE in which I highlighted that there was “value” potentially to be found in the capital structure of GKP and in particular the Convertible bonds. As it turned out, the proposed restructuring agreement handed the lion’s share of the company value to the Senior note holders with […]