Added to YB: 2024-08-01
Pitch date: 2024-07-28
GKP.L [bullish]
Gulf Keystone Petroleum Limited
+50.55%
current return
Author Info
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Company Info
Gulf Keystone Petroleum Limited engages in the exploration, development, and production of oil and gas in the Kurdistan Region of Iraq.
Market Cap
GBP 505.0M
Pitch Price
GBP 1.15
Price Target
6.65 (+284%)
Dividend
9.90%
EV/EBITDA
5.06
P/E
74.39
EV/Sales
2.67
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Mid Year 2024 Review +10.5% / 9.3% a few new ideas - Gulf Keystone Petroleum Limited
GKP.L: Kurdish oil co, up 42%. $373m MCAP, $74m cash, $151m receivable. Est $50-$100m annual shareholder returns at current pricing. Long-term goal: legit contracts, reopened pipeline could lead to 3-5x+ takeover. Ongoing talks, but corruption slows progress. Short-term pullback possible, but long-term potential. Buyback & dividend support.
Read full article (1 min)