It's been a rough few years for all oil companies amid plummeting prices. But times have been tougher for heavily indebted Kurdish producer Gulf Keystone Petroleum (LSE: GKP). Yet with good news on the debt front is now the time to begin considering ...
The misery continues for those holding shares in Kurdistan-focused oil explorer Gulf Keystone Petroleum (LSE: GKP). Such is the company's plight that even good news its turns out to be bad for private investors.
Gulf Keystone (LSE: GKP) has today released details of its open offer. It provides guidance as to whether now is a good time to buy the stock, or whether investors should stick to a less risky peer such as BHP Billiton (LSE: BLT).
Richard Jennings, an analyst at independent research house Align Research, believes Gulf Keystone Petroleum Limited (LON:GKP) has as a chance to get back on its feet through the proposed capital restructuring.