03-23-2012, 02:59 AM
My 2cents on this,
I am a little skeptical about the GKP management. They are definitely in this with personal gain as their first objective as opposed to shareholder value. I don't think I would trust them with my car keys. Bottom line though, is they have literally found a super giant oil field, which I think time will show to be the second biggest world find ever. And gargantuan resource trumps management every time in my book.
In this specific situation though, this is a very good sign. There have been a number of rumours of buyout, indeed how is a company that is worth a few billion going to be able to harvest a field of this size during the 25 year lifetime of their contract. They have neither the funding nor the expertise to do this. The Kurdistan government wants the oil out of the ground as fast as possible and the only way that can happen is a super major running the show.
The management know this and this move says to me that the rumours of buyout are true and that our greedy executive are making sure they set themselves up to make the most money when it happens.
This greed just so happens to coincide with my desires, a company buyout, so in a situation that I would otherwise be upset about, this is just another sign that the company is going to be sold and before end of year imho.
Health and Happiness,
hemi
I am a little skeptical about the GKP management. They are definitely in this with personal gain as their first objective as opposed to shareholder value. I don't think I would trust them with my car keys. Bottom line though, is they have literally found a super giant oil field, which I think time will show to be the second biggest world find ever. And gargantuan resource trumps management every time in my book.
In this specific situation though, this is a very good sign. There have been a number of rumours of buyout, indeed how is a company that is worth a few billion going to be able to harvest a field of this size during the 25 year lifetime of their contract. They have neither the funding nor the expertise to do this. The Kurdistan government wants the oil out of the ground as fast as possible and the only way that can happen is a super major running the show.
The management know this and this move says to me that the rumours of buyout are true and that our greedy executive are making sure they set themselves up to make the most money when it happens.
This greed just so happens to coincide with my desires, a company buyout, so in a situation that I would otherwise be upset about, this is just another sign that the company is going to be sold and before end of year imho.
Health and Happiness,
hemi