Gulf Keystone Petroleum Limited
4.700.10 (2.17%)
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Prev Close4.60
Bid3.50 x 2025000
Ask8.00 x 7667300
52wk Range2.36 - 37.39
Day's Range4.55 - 5.00
Avg Vol (3m)11,852,332
As of 12:13 PM EDT. Market closed.
  • Reuters3 days ago

    Gulf Keystone shares spike and plunge after junk bond deal

    Gulf Keystone's stock spiked and fell by a third on Tuesday as retail investors flooded chatrooms trying to figure out how junk bond funds led by former JP Morgan and Lehman Brothers traders will help restructure the oil firm. Last week Gulf Keystone, crippled by low oil prices and non-payments from Iraqi Kurdistan, announced its bondholders had agreed to swap $500 million of debt for equity, all but wiping out some of the world's top funds as shareholders. GLG Partners, part of hedge fund Man Group, and investment fund Taconic Capital are also likely to become large equity owners: debt-holders are set to get 85.5 percent of Gulf Keystone, while existing shareholders would hold just 4.5 percent unless they buy new shares in the $25 million open offer for 10 percent of the expanded equity.

  • Oilprice.com9 days ago

    Gulf Keystone Restructures To Shore Up Balance Sheet

    Gulf Keystone Petroleum has announced the appointment of a new chairman as the company begins a restructuring process to address debt load and up production