Keystone XL oil pipeline mapped: What is Keystone and why is it so controversial? November 19, 2014 A bill for the Keystone XL oil pipeline failed to pass in US congress yesterday by just one vote. The final result was 59-41 in favour of the bill, but a majority of 60 was needed for it to go ahead. Some 45 Republicans and 14 Democrats supported the plan. The Republicans are [...]
Gulf Keystone on track to hit output targets November 13, 2014 OIL AND gas company Gulf Keystone Petroleum stated yesterday that it was on track to achieve production of 40,000 barrels of oil per day (bopd) at its Shaikan operation in Kurdistan by the end of 2014. The site is currently averaging production of 23,000 bopd. The company also welcomed last week’s announcement that the Kurdistan [...]
Share price of Wembley developer Quintain surges 22 per cent as it confirms £700m Lone Star offer July 29, 2015 Shares in Quintain Estates and Development, the property developer behind London’s Wembley Arena, jumped 22.4 per cent to 131p in early trading after its board recommended a takeover offer from US-based investment firm Lone Star. In an announcement to the stock exchange this morning, the company said Quintain shareholders will receive 131p in cash for [...]
Gulf Keystone staff to return to Kurdistan to boost production August 28, 2014 GULF Keystone, the oil and gas exploration company with operations focused in the Kurdistan region of Iraq, is looking to return more employees to the area as it believes the security situation has stabilised, as it seeks to ramp up production from its assets there. However, it warned that its production target for its major [...]
Production data and election are week’s focus – London Report April 6, 2015 THE EASTER Bank Holiday shortened week will see traders closely tracking the political scene not only in Greece, but also in the UK as the election season kicks into full swing. Acting as a backdrop, economists will be waiting for the latest hard data on industrial production in Britain to gauge the firmness of the [...]
Kozel gives up the hot seat at Gulf Keystone June 25, 2014 TODD Kozel, the controversial founder and chief executive of Gulf Keystone Petroleum, will step down from his role next month, the company said yesterday. Kozel, 47, will retire from the top spot on 17 July but remain at the company as executive director. The company has appointed headhunters to find a new candidate for the [...]
Best of the Brokers for 09 February 2015 February 8, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BT GROUP Besi Research reiterated its “buy” rating for the telecoms group, after incorporating the upcoming EE deal into its forecasts. The broker said “given the strategic opportunity and synergy potential”, the price being paid is fair, and added that BT’s dividend is [...]
Best of the Brokers for 17 December 2014 December 16, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BTG Jefferies reiterated its “buy” rating. The broker said the firm’s acquisition of PneumRx was “strategically sound, financially accretive and boosts top-line momentum”. It added that the deal offers “modest synergies” with BTG’s existing business, and boosted target price to 950p. GULF KEYSTONE [...]
After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]
Gulf Keystone prices £149m bond April 9, 2014 Kurdistan-focused oil explorer Gulf Keystone yesterday said it has priced a $250m (£149m) three-year senior unsecured bond, with a yield of 13 per cent per year. The company, which recently moved to London’s main market, said the proceeds would be used to fund the continued development of its flagship Shaikan oil field and other fields.