Wednesday broker round-up
23rd Jan 2019 12:59
(Sharecast News) - Centrica: Credit Suisse downgrades to neutral with a target price of 155p.
Read moreThursday broker round-up
17th Jan 2019 13:13
(Sharecast News) - Intercontinental Hotels Group: Berenberg upgrades to buy with a target price of 4,850p.
Read moreGulf Keystone Petroleum sees strong performance from Shaikan Jurassic
16th Jan 2019 10:10
(Sharecast News) - Kurdistan-focussed operator and producer Gulf Keystone Petroleum updated the market on Wednesday, reporting that its production operations - underpinned by strong performance of the Shaikan Jurassic reservoir - had continued in line with expectations.
Read moreGulf Keystone Petroleum makes record profit in first half
10th Sep 2018 14:49
(Sharecast News) - Kurdistan-focussed operator and producer Gulf Keystone Petroleum announced its results for the half year ended 30 June on Monday, reporting record profit after tax of $26.7m, up from $0.7m in the same period last year.
Read moreGulf Keystone Petroleum achieves upper end of guidance
1st Feb 2017 09:05
(ShareCast News) - Gulf Keystone Petroleum, operator of the Shaikan Field in Kurdistan, Iraq, has provided a trading and operational update ahead of its full year statement for the period ended 31 December 2016. Average gross production for the year was 34,794 barrels of oil per day (bopd), which
Read moreGulf Keystone completes restructuring
13th Oct 2016 15:32
(ShareCast News) - Gulf Keystone Petrol announced it had completed its balance sheet restructuring. Under the scheme of arrangement announced on 14 July, which became effective on Thursday, the company converted over $500m of debt into equity, allowing it to lower its debt pile to $100m. The new sh
Read moreGulf Keystone boosts revenue, narrows loss
22nd Sep 2016 10:44
(ShareCast News) - Independent oil and gas exploration and production company Gulf Keystone Petroleum announced its results for the six months to 30 June on Thursday, with revenues of $102.1m recognised during the period, up significantly from $30.1m in the first half of 2015. The London-listed firm
Read moreSunday newspaper round-up: IPO frenzy, sterling shorts, M&S, Morrisons
4th Sep 2016 14:42
(ShareCast News) - The City of London is girding itself for a £30bn frenzy of initial public offers (IPOs) in coming months as backers look to profit from the London stock market's impressive recovery since the Brexit vote. Flotations including the £10bn City debut of mobile operator O2, a £1.5bn is
Read moreGulf Keystone's shares flop on open offer, CPR
31st Aug 2016 14:47
(ShareCast News) - Shares in Gulf Keystone have flopped almost 30% after the company issued a competent person's report (CPR) and outlined a $25m open offer. Gulf Keystone's offer was for up to 2.29m shares at 0.8314p each. At about 14:46 BST, shares in Gulf Keystone were down 26.03% to 3.58p. The
Read moreSunday share tips: Gulf Keystone Petroleum, Marks & Spencer, Lloyds Banking
17th Jul 2016 12:22
(ShareCast News) - Gulf Keystone Petroleum shares could be worth buying, said the Sunday Times' Inside the City column, if shareholders vote to accept a debt restructuring deal that will leave them just 14% of the embattled oil producer. Shares in the Kurdistan-focused company last week dipped below
Read moreSunday newspaper round-up: Brexit, BoE, LSE, housebuilders, Rio Tinto, Go-Ahead
3rd Jul 2016 16:58
(ShareCast News) - A group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament. The action, brought by law firm Mishcon de Reya, would potentially complicate Britain's path to leaving the EU, given that a majority of
Read moreGenel receives March payments for Taq Taq field
11th Apr 2016 14:18
(ShareCast News) - Genel Energy said on Monday that partners of the Taq Taq field have received a gross payment of $19.88m (£14m) from the Kurdistan Regional Government (KRG) for oil sales in March, with its share coming to $10.93m. As agreed with the KRG, sales into the local market and deliveries
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreGulf Keystone says finance deal unlikely in near term
17th Mar 2016 12:45
(ShareCast News) - Gulf Keystone Petroleum was under pressure after it said the current low oil price environment and the political situation Iraq cast significant doubt on the group's ability to continue as a going concern, although it posted a narrower loss for 2015. The oil producer, which focuse
Read moreIraqi Kurdistan authorises $12m Gulf Keystone payment
19th Feb 2016 11:45
(ShareCast News) - Gulf Keystone Petroleum said on Friday the Kurdistan Regional government has authorised a gross payment of $15m - $12m net - to the group for crude exports from the Shaikan field. The company said $5.8m was for oil exported in January, with $9.2m being paid towards the recovery of
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