Listen here, you bunch of beer-bellied sharecroppers, there's a whole lot of things that could screw things up.
The Kaz government and related theives could and probabley will whip up a little piece of nastiness to scare away potential suitors.
And remember it will be sooner than later because they're not about to pull their third-world sweathog sh!t against a state-run chinese company.
-Dido from the den of theives at lukoil who sure the hell doesn't want to have china moving in on their turf.
-Stay tuned as the other shoe, or closet full of shoes, starts to drop.
You have a very accurate, real world grasp on the geo-politics of the situation. Such well-grounded analysis appears to be rare among Americans. We tend to be much too idealistic.
ahhh, the soap opera continues... who is hiding around the corner with the brief case full of money....why its its
yuh uh ah Snidlie Whiplash looking for Dudly -DO- Right, who in turn is looking for Naizerbiev ...to much surf
7 to 10 X earnings are not unreasonable. The company has large proven reserves and large unproven reserves. At some point in the future the problems will be solved. If a Chinese Gov. controlled company takes over, the problems will be solved sooner rather than later. PKZ needs to be sold or merge with a company that has power and influence.
From what I read the KAZ government is easily bought. It may be a crime here in the US to bribe a foriegn official however it still happens all the time... just try getting them here for a trail... It hasn't happened yet from the 1998 case. .
>All it takes is a "no".<
All it takes is several mill for a "yes"
The KZ Govt. can't prevent a public company takeover, but they can prevent the assets owned by that public company, within KZ, from being operated by the acquirer.
No one will acquire PKZ with the KZ Govt's approval. And the question has to be asked, what is in it for KZ?
I believe it will happen, when oil prices are lower, but not a "pie in the sky" valuation being suggested by some on this board.