Hints and tips:
...One thing playing to Exxon’s advantage, however, is the wave of M&A that’s descended upon the US shale industry: Devon Energy bought WPX Energy; ConocoPhillips snatched Concho Resources; and Pioneer Natural...
...As well as money owed to its by the KRG, Gulf Keystone carries $575m of debt in high yield and convertible bonds which trade at a sharp discount to their nominal value....
...In London are investor favourites such as Genel Energy, Gulf Keystone, and Sterling Energy, with services group Petrofac rapidly expanding services in both Kurdistan and southern Iraq....
...Energy companies suffered in tandem with the wider market sell-off....
...Iraq-focused Gulf Keystone Petroleum , also the subject of takeover speculation in recent weeks, slipped back 3.5 per cent to 275p after Peel Hunt downgraded to “hold”....
...Earlier this month Vallares, the oil investment vehicle backed by former BP chief executive Tony Hayward and financier Nat Rothschild, announced plans to buy Turkey’s Genel Energy in a $2bn deal....
...The export project makes sense to Tony Reinsch, senior director in the upstream and gas group at PFC Energy, the consultancy, regardless of what President Obama decides on Keystone XL....
...Gulf Keystone will have enough cash now to be fully funded to develop its asset in the Shaikan field....
...Gulf Keystone Petroleum climbed 7.6 per cent to 116½p after the exploration group increased resource estimates for its Shaikan block in Kurdistan....
...Earlier this year Etamic defaulted on its first payment to Gulf Keystone, forcing it to raise another £16m in a stopgap share placing....
...(Sercia Energy)....
...Gulf Keystone declined to comment....
International Edition