Added to YB: 2026-07-09
Pitch date: 2026-07-06
GKP.L [neutral]
Gulf Keystone Petroleum Limited
+1.64%
current return
Author Info
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 488.7M
Pitch Price
GBP 1.71
Price Target
N/A
Dividend
5.12%
EV/EBITDA
4.64
P/E
33.64
EV/Sales
2.13
Sector
Oil, Gas and Consumable Fuels
Category
N/A
Gulf Keystone (GKP.L): Written in the sand?
GKP.L (preview): Single-asset Kurdistan oil play (Shaikan field), production shut-in from conflict. Bearish concerns: murky working interest (58%/61.5%/80%), disputed $184.6M receivables likely overstated/offset by ~$100M payables, mysterious KRG cost audit unresolved for years, declining profit oil (30%→15% as R-factor rises), water ingress, plus $350M dividends despite needing heavy capex.
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