Added to YB: 2026-05-15
Pitch date: 2026-05-13
GKP.L [neutral]
Gulf Keystone Petroleum Limited
Author Info
Investor, Equity Analyst, Fund Manager of the former Oriel UK fund (2014 to 2021) and former Head of Investment Solutions at AJ Bell. Wonder Stocks focuses on great investment opportunities. It aims to find stocks with the best returns by focusing on the positive. Sign up for the newsletter.
Company Info
Gulf Keystone Petroleum Limited, together with its subsidiaries, explores, evaluates, develops, and produces oil and gas in the Kurdistan Region of Iraq.
Market Cap
GBP 552.7M
Pitch Price
N/A
Price Target
N/A
Dividend
4.52%
EV/EBITDA
5.36
P/E
38.05
EV/Sales
2.46
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
131 Gulf Keystone Petroleum
GKP.L (pass): London-based Kurdistan oil producer operating Shaikan field, hit peak 44k bopd Feb '26 but forced to shut-in production Mar '26 due to regional security escalation. Suspended 2026 guidance (was 37-41k bopd) & capex plans. Declared $12.5M dividend despite halt, leveraging debt-free balance sheet. Long-term success hinges on volatile KRG-Iraq federal govt relations & export resumption via Iraq-Turkey Pipeline. High reserves/margins offset by extreme geopolitical risk—author calls it 'lottery ticket,' not Wonder Stock.
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