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CategoryGKP

Gulf Keystone – Edging closure to restructure. Are the shares still a sell?

I previously rated Gulf Keystone as a strong sell on the news of a debt for equity swap being announced in July. To be honest I have considered these shares a stonking sell all the way down from 100p, unfortunately I have nothing in writing to prove it, you’ll just have to trust me! Anyway on to my musings, there have been a string of further announcements in the past few weeks from Gulf Keystone and I thought it quickly worth reviewing what they mean for shareholders and whether this means my verdict has changed…

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Screening Oil Companies Resources vs. their Enterprise Value

The average private investor can find it most confusing trying to assess a company’s share price when looking at its resource base. This isn’t helped by wild claims by some junior resource stocks (which I won’t name) on billion barrel discoveries. So I’ll briefly explain each of the internationally approved reserve classifications to assist understanding…