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#1
06-27-2005, 12:14 PM
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Buy on Rumor - PKZ
Oil is hot right now and rumors abound that Petrokazakhstan, Inc. (PKZ) will be taken over. PKZ drills for oil and gas in Kazakhstan and would make a good target for the big oil companies and China. It is probably a good buy on it's own with a low p/e and oil demand strong through the summer.
Rumors of takeover: http://biz.yahoo.com/cbsmb/050627/3c...9ce4.html?.v=1 Stock is up 15% already today. Disclosure - I own shares of this stock. 
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#2
06-27-2005, 12:33 PM
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Re: Buy on Rumor - PKZ
[ QUOTE ]
Disclosure - I own shares of this stock. [/ QUOTE ] Me too [img]/images/graemlins/smile.gif[/img]. Obviously the company is being shopped around. The issues are with government ordered discontinuation of "flaming" at drilling sites and Lukoil conflicts thus the low PE and still low despite the runnup today. Read rumors about companies from India and China being potential bidders. I just had shares because I thought it was stupid cheap.
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#3
06-27-2005, 03:41 PM
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Re: Buy on Rumor - PKZ
Seems like there is a severe political risk for this one. Like most ex-Soviet central Asian nations, Kazakhstan is essentially a kleptocracy. I would be extremely wary of nationalization a la Yukos in Russia.
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#4
06-27-2005, 04:39 PM
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Re: Buy on Rumor - PKZ
[ QUOTE ]
Seems like there is a severe political risk for this one. [/ QUOTE ] That's why it's p/e is so low. Recent issues with LUKOS and government have scared investors. But I think you overestimated the risk, like the market does from time to time. That's why I bought earlier this spring, I thought market had overweighted the risk. [ QUOTE ] I would be extremely wary of nationalization a la Yukos in Russia. [/ QUOTE ] Unlikely. Government will probably be happy to improve relations with China, if buyer turns out to be Chinese company. Remember they are a small country between 2 powerful ones (Russia and China) they would like good relations with both.
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#6
06-27-2005, 04:41 PM
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Re: Buy on Rumor - PKZ
[ QUOTE ]
I just had shares because I thought it was stupid cheap. [/ QUOTE ] My thoughts exactly, too cheap and oil demand going up. Cheapness makes attractive for takeover, especially to China.
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#7
08-15-2005, 09:16 PM
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Re: Buy on Rumor - PKZ - Update
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#8
08-16-2005, 02:52 PM
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Re: Buy on Rumor - PKZ - Update
[ QUOTE ]
PKZ announced in received takeover bids today. http://biz.yahoo.com/prnews/050815/to288.html?.v=10 [/ QUOTE ] you are awesome man. i remember you posting about home builders. still like that stock?
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#9
08-16-2005, 09:46 PM
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Re: Buy on Rumor - PKZ - Update
[ QUOTE ]
i remember you posting about home builders. still like that stock? [/ QUOTE ] Yes, in fact now is probably a good time to buy homebuilders. They are a little beat up, and I expect them to bounce back.
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#10
08-16-2005, 10:54 PM
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Re: Buy on Rumor - PKZ - Update
So am I to assume all of the value has been drained from this stock? (PKZ) When you posted on this in June it was at 36, prior to that, six weeks prior it was at 25 now at 46. Very nice.
Are you selling your position or holding?
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