PETROKAZAKHSTAN INCORPORATED Übernahmeangebot

Übernahmefantasie in Petrokazakhstan lt. Artikel
der Financial Times


By Angela Macdonald-Smith
June 27 (Bloomberg) -- PetroKazakhstan Inc., a Canadian oil
producer with assets in central Asia, may be sold, the Financial
Times reported on its Web site, citing people familiar with the
process.
Goldman Sachs Group Inc., which has been hired by the $2.5
billion company, is expecting to receive bids later this week,
the newspaper said. A Chinese producer and an Indian oil company
are the most likely buyers, though Western companies may also
decide to bid, the Financial Times said, without giving any
names.
Calgary-based PetroKazakhstan has proven and probable oil
reserves of 550 million barrels in the South Turgai Basin of
south-central Kazakhstan, the Financial Times said, citing the
company's Web site. Russia's OAO Lukoil this month filed a $200
million claim against PetroKazakhstan related to a dispute over
their joint venture, ZAO Turgai Petroleum, it said.

(Financial Times 6-26 Online)
See {www.ft.com} for the newspaper's Web site.

PetroKaz may put itself up for auction
By James Politi in New York
Published: June 27 2005 03:00 | Last updated: June 27 2005 03:00

PetroKazakhstan, an oil producer based in Canada with assets in central Asia, is considering a sale, potentially turning itself into the latest battleground in the global competition for energy resources.


PetroKaz has a market capitalisation of $2.5bn. Investment bankers at Goldman Sachs, working for the company, were expecting to receive bids for it this week, according to people familiar with the matter.

A Chinese and an Indian oil company were the frontrunners in the auction, these people added, although they were careful not to rule out that a western energy company might also decide to put in an offer. No specific names were mentioned.

Because of soaring demand for oil, China and India have been seeking to gain control of assets by pushing their energy companies into acquisitions.

That policy was highlighted last week when state-owned China National Offshore Oil Corporation made a $20bn unsolicited bid for Unocal of the US.

CNOOC is not believed to be interested in acquiring PetroKaz.

Although PetroKaz is based in Calgary, central Canada, its assets are all in the South Turgai Basin in south-central Kazakhstan.

On its website, PetroKaz says its proved plus probable crude oil reserves have been independently assessed at 550m barrels.

PetroKaz's consideration of a sale has come as the group is facing a legal challenge from Lukoil, the Russian oil company.

This month Lukoil filed a $200m claim against PetroKaz at the International Chamber of Commerce's court of arbitration in connection with a dispute over Turgai Petroleum, a joint venture between the two companies.

The company has also been at odds with the Kazakh government over environmental regulations.

Its New York-listed shares, which hit an all-time peak close of $47 in March, have tumbled by more than 30 per cent.

On Friday they closed up 1.2 per cent at $32.51.

KazMunaiGaz Interested In Buying PetroKazakhstan

2005-06-30 13:31:20

 LONDON -(Dow Jones)- KazMunaiGaz (KMGZ.YY) is interested in potentially
buying Canadian independent oil company PetroKazakhstan Inc. (PKZ.T), the
president of the Kazakh national oil and gas company said Thursday.

 "We would definitely be interested," said Uzakbay Karabalin, speaking on the
sidelines at a Kazakh conference in London. "We have the cash and the
expertise."

 The Kazakh government, which owns KazMunaiGaz, has a preemptive right to buy
a stake in the Canadian company.

 PetroKazakhstan said earlier this week it had received several approaches.
Brokers put the value of the Canadian company at up to $4 billion.


 -By Benoit Faucon, Dow Jones Newswires; +44 207 842 9266;
benoit.faucon@dowjones.com


 (END) Dow Jones Newswires

 06-30-05 0730ET

 Copyright (c) 2005 Dow Jones & Company, Inc.

07:30 063005

New York konnte auf diese Meldung noch nicht reagieren!!!Was meint Ihr Leute???

www.canada.com/news/business/...8d-2c56-4240-9bd0-864ce72fbb55
der Energieminister in Kazakhstan machte die Bemerkung ,dass Kazakhstan das recht hat die Zustimmiung zum Verkauf zu verweigern,daraufhin stürzte die Aktie in kanada um 13% ab und verlor fast völlig den Gewinn vom Tage zuvor
berichtet Canadian Press aus Calgary

asia.news.yahoo.com/050629/3/23648.html
und eine etwaige Übernahme durch die passt natürlich nicht dem Energieminister in Kazakhstan,aber KazMunaiGaz mag interessiert sein,wird aber sicher weniger bieten

Chinese President Hu Jintao is kicking off a four-day visit to Russia with a view to tapping into the country's vast energy resources as fuel for China's rapid economic expansion, but with Russia apparently playing for time on key energy cooperation decisions.

Hu was scheduled to meet Russian counterpart Vladimir Putin later at his residence outside Moscow on Thursday evening, at the start of a tour that will also take him to the Siberian city of Novosibirsk to meet regional leaders. After Russia, Hu goes on to Kazakhstan and to the Group of Eight summit in Scotland

bis die NYSE aufmacht. Die 13& sind schnell wieder reingeholt. Und ich bin zum 2. Mal dabei!Aber bei dem Kurs immernoch viel zu günstig bewertet, wie hoch muss das Übernahme angebot min. sein? 50 EUR?

vorstellen, dass das was wird. Keiner gibt eierlegende Wollmilchsäue aus der Hand. Schon gar nicht, wenn der korrupte Nasarbajev-Clan am Öl-Tropf hängt. Es bleibt beim Wunsch. Aber ein geiler Zockwert (bei Schwäche kaufenswert). Stellt Euch vor, Ihr wärt bei 30 Cent eingestiegen...

aber die 19 Prozent Plus, die ich momentan habe, hätte ich schon gerne noch etwas aufgepolstert. Allerdings habe ich das Gefühl, dass man bei der Sache etwas Geduld haben muss. So ein Bieterrennen kostet Zeit. Man kann sich leicht vorstellen, wie so was abläuft. Denn erst mal wollen sich alle die Taschen vollstopfen lassen, die irgendwas bei der Sache zu sagen haben und den Deal blockieren könnten. Das ist ein Geschiebe und Gezerre, insbesondere wenn mehrere Player am Werk sind.

bid füllt sich in fra, es gibt heute noch viel nachzuholen. Die können Zerren und Schieben wie sie wollen, das ändert nichts am Übernahmewert.

ask zieht immerwieder zurück

fra sollte bald nachziehen

bin raus mit 1000k, mach jetzt mal feierabend und geh in die sonne!
ciao bis morgen

Zwei der Manager wurden bereits verurteilt:Wettbewerbsgesetze gebrochen,zu wenig Steuern gezahlt,zu viel Gas gesetzwidrig verbrannt und BG Group Plc's hat seinen Anteil von 16,7% am Kashagan Field an Kazakhstan verkauft!
PetroKazakhstan has been operating since 1991 in Kazakhstan, the second-largest oil producer in the former Soviet Union after Russia. The government, which wants to hold stakes in most of the nation's new oil and gas fields to ensure greater control over investment, is seeking back taxes from the Canadian company and charged two of its executives in April with breaking competition laws.

Compliance Lags

Kazakhstan used its priority right to the country's oil assets when it bought half of BG Group Plc's stake in the Kashagan oil field, the world's second-largest after Saudi Arabia's Ghawar. BG had agreed to sell its entire 16.7 percent interest in the Eni SpA-led offshore exploration project to its partners for $1.8 billion.

Shkolnik said PetroKazakhstan isn't doing enough to comply with new laws designed to curb the burning of natural gas that's produced with oil. PetroKazakhstan said last month that it wouldn't meet its output target this year of 170,000 barrels a day because of the restricting on such ``flaring'' that took effect in December.

``PetroKazakhstan ignores all the government rulings,'' the minister said. ``They continue to burn gas despite the ban.'' A plan to stop burning gas that the company announced in 2000 is being ``ignored,'' he said.
bei bloomberg gefunden von gestern

Schnell verkaufen oder darauf warten, dass sich die Sache doch noch ähnlich wie bei Ukrnafta entwickelt?

ihr Output ist auf die Hälfte geschmolzen wegen der Auflagen berichtete bloomberg,sie werden schikaniert,2 Manager verurteilt und warum sitzt die  Firma in Kanada, wenn das Ölfeld in Kazakhstan ist? Ich denke mal mit dem Beispiel von Yukos vor den Augen wird das nur mit Zustimmung des Energieministers laufen.Vielleicht wird der ja geschmiert von Hua,der gerade auf dem Weg nach Kazakhstan ist,aber das wäre reine Hypothese

HONG KONG (Dow Jones)Friday July 1, 2005, 10:26 am
--China National Petroleum Corp., Sinopec (SNP) and India's Oil & Natural Gas Corp. (500312.BY) were among the expected bidders for Canada-based oil producer PetroKazakhstan Inc. (PKZ), the Financial Times reported on its Web site, citing people familiar with the matter.
Their interest comes as Chinese and Indian national oil companies race to acquire foreign companies overseas in an effort to secure oil and gas assets for their nations' fast-growing energy demand, it said.
The FT said most of PetroKazakhstan's assets are located in the path of CNPC's Sino-Kazakh crude pipeline, due to begin transmission by the end of this year.

Die meisten Ölfelder Petrokazakhstans seien an der neuen Pipeline von CNPC gelegen,die Ende des Jahres in Betrieb geht!

www.rigzone.com/news/article.asp?a_id=23735

www.thedeal.com/NASApp/cs/...PrinterFriendly&cid=1121176454155

PetroKazakhstan sale hits snag
by Nick Watson Posted 03:20 EST, 14, Jul 2005

The potential sale of PetroKazakhstan Inc. has been cast into doubt as the oil company's legal disputes worsened after a Kazakh court found the company guilty of violating antimonopoly rules and a potential acquirer, Russia's OAO Lukoil Holdings, filed a countersuit against it.

PetroKazakhstan is considering takeover offers from several Western oil majors and national oil companies. The group would normally be seen as a very attractive acquisition prospect for such oil companies seeking to replenish reserves, but analysts warned the firm's deepening legal problems threaten to hinder any such deal.

PetroKazakhstan, a Calgary, Alberta-based company with operations in the central Asian republic of Kazakhstan, announced Thursday that a court in the Kazakh capital of Astana has found the firm guilty of antimonopoly violations in the distribution of petroleum products on the domestic market and fined it $55.4 million. PetroKazakhstan said it may appeal the decision in the Supreme Court of Kazakhstan.


The news followed the Wednesday announcement by the Russian firm Lukoil that it had filed a $256 million counterclaim against PetroKazakhstan in the Arbitration Institute of the Stockholm Chamber of Commerce.

Lukoil said it is claiming compensation for some $361 million in losses suffered by its joint venture with PetroKazakhstan, ZAO Turgai Petroleum, which came about as a result of its partner obstructing decisions that would have benefited the venture.

PetroKazakhstan initiated proceedings at the court on July 6, 2004, with a claim of $200 million, accusing Lukoil of breaching one shareholder agreement after another.

In light of the problems PetroKazakhstan is facing, Stephen O'Sullivan, an analyst at Moscow brokerage United Financial Group, said "any negotiations could take a long time." Any bidder would first have to gain permission from the Kazakh government, he pointed out.

Nevertheless, the number of offers for the oil producer, whose market capitalization on Thursday was $2.9 billion, appears to be growing. The company says it is weighing those offers with its adviser, Goldman, Sachs & Co.

India's Oil & Natural Gas Corp. Ltd., which has long coveted assets in the Caspian region, is reportedly the latest to throw its hat into the ring. Dow Jones newswires quoted a senior company official Wednesday saying it is considering launching a $3.5 billion bid for PetroKazakhstan, which implies a 22% premium to the current price. The company declined to comment.

Other potential buyers include China National Petroleum Corp., which already has interests in Kazakhstan through a joint venture with Nelson Oil Co., though another Chinese oil group, CNOOC Ltd., may be too preoccupied with its bidding war for El Segundo, Calif.-based Unocal Corp. to spend time assembling an offer for PetroKazakhstan.

Analysts have also speculated Lukoil itself may be interested, which would explain the Russian firm's decision to step up its legal campaign against PetroKazakhstan, as any disputes between the two could be easily resolved if a merger took place. Lukoil was left feeling burned in June by its failure to buy a stake in another independent Caspian producer, Dragon Oil plc.  

Interesse aus China u. Indien an kanad. Ölunternehmen

(©GodmodeTrader - www.godmode-trader.de/)


Laut „New York Times“ starteten staatliche Ölgesellschaften aus Indien und China den Versuch der Übernahme eines in Kasachstan im Besitz von Ölfeldern befindlichen kanadischen Ölunternehmens. So habe ein Joint-Venture zwischen dem größten chinesischen Ölkonzern China National Petroleum Corporation und PetroChina, für PetroKazakhstan ein Angebot von rund 3,2 Milliarden Dollar gelegt. Zugleich legte die indische Oil and Natural Gas Corporation in Kooperation mit dem Stahlhersteller Mittal Group für PetroKazakhstan ein Gebot von 3,6 Milliarden Dollar, heißt es weiter in dem Bericht.

LONDON - We may not see a public bidding war for Canada's PetroKazakhstan; the government-owned China National Petroleum Corp. has avowedly learned its lesson from the political pother thrown up by CNOOC's offer for Unocal.
Thus, CNPC will likely not make a public statement if it makes a bid for PetroKazakhstan. It remains to be seen if this sub-rosa approach plays into the hands of billionaire Lakshmi Mittal, whoseMittal Steel (nyse: MT - news - people )has already submitted a bid for PetroKazakhstan in partnership with Indian oil company ONGC, an offer reportedly worth about $4.3 billion.
Playing things close to your chest sometimes only increases speculation. A media report said Tuesday a new joint venture between CNPC and its listed unit, Petrochina (nyse: PTR - news - people ), was last night putting the finishing touches to a bid which could be worth $3.17 billion

Ich halte noch 100 Stück davon und setze darauf, dass die Sache nach dem jüngsten Ölpreisanstieg noch nicht gänzlich gelaufen ist. Denn nach dem Bieterduell haben andere Erdölfirmen noch einmal kräftig zugelegt. So gesehen ginge Petrokazakhstan zum Schnäppchenpreis über den Tisch. Ist zu erwarten, dass die Aktionäre da zustimmen? Macht das Halten überhaupt Sinn oder ist alles schon fest eingetütet?

PetroKazakhstan Inc. will hold a special meeting of shareholders in Calgary, Alberta on October 18, 2005 for shareholders to vote on the proposed arrangement whereby a Canadian subsidiary of CNPC International Ltd. will acquire all of the outstanding common shares of PetroKazakhstan for US$55.00 cash per share (the "Arrangement"). The total transaction value is approximately US$4.18 Billion. A record date of  September 16, 2005 has been fixed by the Board of Directors of the Company for shareholders to receive notice of, and vote at, the special meeting. An information circular describing the Arrangement is expected to be mailed to shareholders and filed with the relevant securities regulators on September 19, 2005. The timing of the record date and meeting date is subject to PetroKazakhstan obtaining an interim order from the Court of Queen's Bench of Alberta. The Board of Directors of the Company, upon the advice of the Special Committee, has recommended that shareholders vote in favour of the Arrangement on October 18, 2005.  

vielen Dank für Deine Antwort. Dennoch bleibt bei mir eine Frage offen. Nach dem Agreement  stieg der Kurs der übrigen Energiewerte dieser Region (z.B. Surgutneftegaz, Gazprom, Tatneft etc. um 50 bis 100 Prozent an. Petrokazakhstan ginge vor diesem Hintergrund zum Schnäppchenpreis über den Tisch. Von daher frage ich mich, ob da eine Mehrheit der Aktionäre mit dem damaligen Verhandlungsresultat zufrieden ist oder noch einen Nachschlag haben will? Leider kenne ich nicht so gut die Aktionärsstruktur, dass ich darüber auch nur irgendwie begründet spekulieren könnte. Ich mit meinen paar Aktien bin etwas unzufrieden mit dem Deal und hoffe einfach mal, dass andere das auch sind.

Herzliche Grüße
Hiob

ALMATY, Oct 4 (Reuters) - Kazakhstan wants "strategic control" over the assets of Canadian oil company PetroKazakhstan , the country's energy minister said on Tuesday, adding the state oil firm is in talks to obtain a stake in the company.

Such a move could complicate a $4.18 billion offer from China National Petroleum Corp. (CNPC) for PetroKazakhstan Inc., which has all of its assets in Kazakhstan. The bid has unsettled some Kazakh lawmakers who want a refinery owned by PetroKazakhstan brought back under state control.

"Whatever happens to the shares, the state company will have a stake, which would allow (us) to properly work in this direction," Energy and Mineral Resources Minister Vladimir Shkolnik told reporters before an oil and gas conference.

na und Lukoil will unbedingt die andere Hälfte von Turgai Petoleum,die Petrokazakhstan hat
  Lukoil is in talks with CNPC to buy the Chinese company's half of their oil venture in Kazakhstan, OAO Turgai Petroleum, Lukoil Deputy Chief Executive Leonid Fedun said yesterday. Lukoil may pay $700 million, Interfax reported, citing Fedun.
PetroKazakhstan was Lukoil's partner in Turgai.

Hintergrund des Interesses ist wohl ,dass Putin beabsichtigt in Russland den Ölpreis einzufrieren und Lukoil auch deswegen in andere Gebiete expandiert,es hat ja gerade 65% von Nelson Resources übernommen und dies zum Preis etwa wie Petrokazakhstan nach Fördermengen beurteilt

Insofern muss ich wohl doch noch mal darüber nachdenken, ob ich die Gewinne, zumal ich seit einigen Tagen aus der Spekusteuer raus bin, nicht gleich mitnehmen soll.
Danke auf alle Fälle und herzliche Grüße
Hiob

CNPC deal may be under threat from Kazakh legislation, Lukoil court action .Kazakhstan's lower house today voted to allow the state to intervene in the sale of foreign-held stakes in oil companies and limit property rights for "strategic resources," Reuters reported. The bill requires upper house approval and the president's signature before becoming law.
The law's passage comes a day after Kazakhstan's Energy and Resources Minister Vladimir Shkolnik said state-owned KazMunaiGaz was in talks to obtain a stake in PetroKazakhstan (PKZ) as the government looks to gain "strategic control" of the company.
Meanwhile, Lukoil said today it had submitted an arbitration claim in Stockholm on its pre-emption rights to buy 50% of Turgai Petroleum, its 50-50 JV with PKZ. The Russian major added that it was confident of its first right of refusal to PKZ's 50% stake now that the latter is being sold.
The chances of the government derailing CNPC's $4.2bn ($55 per share) takeover of Canadian-registered PKZ appear to be rising and the timing with Lukoil's Stockholm claim looks ominous.

While there remains a reasonable chance the government will arrange the acquisition of "strategic control" of PKZ with CNPC after the Chinese company has completed its takeover, we advise investors to fix profit at current levels as the tide of events appears to be turning.

Die Regierung ein Gesetz zu erlassen ,nach dem der Staat das recht hat beim Verkauf von Ölfirmen zu intervenieren.Das Gesetz bedarf nur noch der Zustimmung des Upper Houses und des Presidenten nachdem es schon beschlossen wurde von den Abgeordneten.Auffällig ist ,dass jetzt offenbar KazMunaiGas einen Anteil an Petrokazakhstan haben will.Das neue Gesetz betrachtet Ölvorkommen als strategisch wichtig und soll die Eigentumsrechte limitieren.Auch die Forderung Lukoils nach den anderen 50% von Turgai Petroleum ,für das es Anrechte hat,wie es behauptet ,lässt das Geschäft mit CNPC unsicher erscheinen.
asia.news.yahoo.com/051005/3/28foi.html
news.yahoo.com/news?tmpl=story&u=/cpress/...petrokazakhstan_10

Oct. 17 (Bloomberg) -- China National Petroleum Corp., the nation's biggest oil company, agreed to sell a $1.4 billion stake in PetroKazakhstan Inc. to the government in a bid to win support for an agreement to buy the Kazakh oil producer.

China National Petroleum, or CNPC, signed a binding agreement to sell a 33 percent stake in PetroKazakhstan to KazMunaiGaz, the Kazakh state oil and gas company, according to an e-mailed statement today from European Press Relations, which distributes information on behalf of the government. Asel Tabynbayeva, a spokeswoman for KazMunaiGaz, in an interview confirmed the report and said the company will issue its own statement tomorrow.

CALGARY (CP) - A $4.2-billion-US offer for Calgary-based PetroKazakhstan Inc. from China National Petroleum Corp. is under attack from authorities in three countries.

But despite threats emerging from Kazakhstan, Russia and India, PetroKazakhstan shareholders are widely expected to approve the deal in a vote Tuesday. In order to get "resolution and final closure," PetroKazakhstan says it needs a positive vote from shareholders and authorization from an Alberta court.

However, the Kazakh presidential news service said Monday that President Nursultan Nazarbayev has signed legal changes giving his government pre-emptive rights on all strategic resources in the central Asian country.

The amendments announced on the weekend give the Kazakh government the right to limit the transfer of property, and are aimed at pre-empting changes of ownership that occur through the purchase of shares listed on exchanges.

news.yahoo.com/s/cpress/20051017/ca_pr_on_bu/petrokazakhstan_5

Moien!
ich habe noch ein paar PKZ-Aktien in meinem Portfolio und leider noch nichts von meiner Bank gehört, was mit denen jetzt passiet... Hat jemand Infos dazu???
Danke!