Tuesday broker round-up
3rd Mar 2015 16:59
St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American Tobacco: Jefferies raises target to 4,440p from 4,140p and reiterates buy. Kaz Minerals: Exane BNP
Read moreGulf Keystone soars over 65% on sale speculation
25th Feb 2015 10:47
Oil producer Gulf Keystone Petroleum shares soared over 65% after saying it had opened negotiations with a number of parties over a possible sale of assets. The group, which has operations in Iraqi Kurdistan, said the talks were at a preliminary stage and it had appointed Deutsche Bank and Perella W
Read moreGulf Keystone suspends exports, shares plummet
6th Feb 2015 16:23
Gulf Keystone Petroleum saw shares slip over 17% after suspending its crude oil exports following non-payment by the Kurdistan Regional Government (KRG). The KRG acknowledged that money was owed to Gulf Keystone, alongside other oil producers in the region, and promised to make the payments, a
Read moreGulf keystone names new chief executive officer
22nd Jan 2015 12:42
Gulf Keystone has hired the former regional head for BNP Paribas, Sami Zouari, as its next chief financial officer. Zouari has been allotted 1.5m market-priced share options by the company at the price of 55p per share. The firm's chief executive John Gerstenlauer said: "We are delighted to welcome
Read moreGulf Keystone reaches production target in Kurdistan
5th Jan 2015 10:50
Oil producer Gulf Keystone Petroleum (GKP) said that its existing production facilities in Shaikan are now producing from seven wells. The Kurdistan-focused company said that production at its PF-1 and PF-2 facilities on its main producing asset in the region reached the group's 40,000 gross barrels
Read moreBroker tips: UK banks, BT, Imagination, Gulf Keystone
16th Dec 2014 11:54
Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. "Overall, we do not expect the results of the stress test to have a material impact on the share prices of the large UK quoted
Read moreCantor Fitzgerald reiterates 'buy' on Gulf Keystone after Shaikan progress
16th Dec 2014 10:30
Cantor Fitzgerald has repeated its 'buy' rating on oil group Gulf Keystone Petroleum (GKP) after the company moved closer to upping output at its key producing asset, Shaikan, in the Kurdistan Region of Iraq. The company said on Tuesday that it had installed links between the Shaikan-7, -8 and -10 w
Read moreGulf Keystone Petroleum set to boost production in KRI
16th Dec 2014 08:48
Gulf Keystone Petroleum has taken a step forward towards increasing production from its operations in the Kurdistan Region of Iraq (KRI). Gulf Keystone said it had installed links between the Shaikan-7, -8 and -10 wells and its existing production facilities PF -1 and PF-2, enabling first oil to flo
Read moreFriday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreGulf Keystone Petroleum's Akri-Bijeel in Iraq given green light
29th Oct 2014 14:25
The Kurdish regional government has approved the field development plan (FDP) for the Akri-Bijeel block, which is part-owned by Gulf Keystone Petroleum. Hungary-based MOL, the operator of the block in which GKP holds a 20% working interest, announced to the market that the FDP "has been officially a
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreGulf Keystone shareholders increase holdings past 3% threshold
12th Aug 2014 14:45
A group of Gulf Keystone Petroleum shareholders have increased their stake in the Kurdistan-focused oil explorer above the 3% threshold at which they have to notify the stock market, the group said on Tuesday. The group, which includes the Joyce M. Kuok Foundation, Kerry Asset Management, Kuok Khoo
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreSunday share tips: Gulf Keystone Petroleum, Homebuilders, Science in Sport
29th Jun 2014 21:57
Shares in Kurdistan-focused Gulf Keystone Petroleum are notoriously volatile. In large part that can be put down to its enthusiastic following among retail investors. Another important factor has been the long-running speculation that it could be the target of a take-over bid. Speculation in that re
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