Capricorn Energy Share Discussion Threads

[silverstone1] 07/9/2022 08:14

THE BOARD OF DIRECTORS ARE IN DENIAL ABOUT THE TLW MERGER BECAUSE THE THRESHOLD IS 75% AND MORE THAN 27% ARE PUBLICLY AGAINST THE TLW MERGER!

[bountyhunter] 03/9/2022 09:36

Capricorn Energy thread:

[bountyhunter] 03/9/2022 09:33

Tullow charts added at end of header.

[therealdeal25] 30/8/2022 20:53

Ash is king remember that, all this rubbish abiut cash dwindling away, not the amount Capricorn have, that would be jealous Tullow shareholders trying to make you believe they hype, just invest into The North Sea and watch that cash pile grow, forget Africa that’s been done, it’s too corrupt there, lol at what has owned to Afren, let’s get CNE drilling for Has with Deltic Energy for Gas, maybe even take Deltic out completely and be in bed with Shell a super major, nit a debt ridden company like Tullow, if oil drops, Tullow are toast again, CNE will still have their cash and be able to buy Tullow out on the cheap!

[silverstone1] 25/8/2022 07:59

THE OFFER PRICE ON L2 IS 300P!

[silverstone1] 24/8/2022 22:24

FOR THE FIRST TIME I'VE FAILED TO MORE THAN DOUBLE MY MONEY WITHIN 12 MONTHS BECAUSE I BOUGHT A 7 FIGURE SUM AT 125P IN AUGUST LAST YEAR, HOWEVER, I'M STILL BULLISH!

[finkie] 23/8/2022 11:20

Increased offer coming 280p total ‘value’ is my guess

[silverstone1] 19/8/2022 15:30

IT'S BACK TO THE LONG-TERM TREND, WITH CNE RISING AND TLW FALLING, LET THE TREND BE YOUR FRIEND, ESPECIALLY WITH A BEAR MARKET ON THE HORIZON!

[suetballs] 17/8/2022 15:21

Thanks ohisay - so an improved offer likely as tlw is desperate.
That's good to hear.
Suet

[silverstone1] 12/8/2022 10:04

THE TLW MERGER IS DEAD, WHICH IS GOOD NEWS FOR CNE AND BAD NEWS FOR TLW, BUT BOTH SHARES ARE RISING, SO MAYBE CNE ARE PLANNING TO TURN THE TABLES WITH A 1-FOR-5 ALL-SHARE OFFER FOR TLW BECAUSE THIS MAY JUST RECEIVE THE REQUIRED 75% THRESHOLD FROM BOTH SETS OF SHAREHOLDERS? NEXT RESISTANCE LEVEL 300P!

[controlledmadness] 12/8/2022 08:30

I have seen no mention here of the news going around that Tullow is likely to get a big windfall of cash for there Kenya holding. This will decrease their debt to and still keep their production.
The share will probably jump.
We all know that the amount of buying and selling by the big players is manipulating both shares and the true situation will only come out when the companies get the approvals they need.
There have been no comments on the developments in Egypt or anu other news recently so we need to see what happens.
These companies are as bad as politicians - "I am definitely against" means "I may change my mind"

[silverstone1] 11/8/2022 22:03

THE BOARD OF DIRECTORS HAVE FAILED IN THEIR FIDUCIARY DUTY AGAIN!

[cappajumping] 11/8/2022 17:17

New TR1 last hour showing Merill Lynch holding up today to 13%

[p6r0] 11/8/2022 16:47

If all of these major shareholders have declared against the merger why on earth is it taking so long for the board to revoke their recommendation and review their position? It is plain that the merger cannot succeed!

[silverstone1] 11/8/2022 16:30

MADISON AVENUE PARTNERS 6.3%, KITE LAKE CAPITAL MANAGEMENT 6.7%, LEGAL & GENERAL INVESTMENT MANAGEMENT 3.9%, NEWTYN MANAGEMENT 5.3% AND PALLISER CAPITAL UK LTD 5.2% (PLUS SILVERSTONE1 1%)!

[p6r0] 11/8/2022 16:09

Silverstone, who are the holders of this 27%? I know Palliser hold 5.7% and BofA hold 3.3% but who are the holders of the additional 18% that have publicly declared against the TLW merger?

[silverstone1] 11/8/2022 15:45

THE TLW MERGER WON'T BE APPROVED BECAUSE THE THRESHOLD IS 75% AND MORE THAN 27% ARE PUBLICLY AGAINST THE TLW MERGER!

[p6r0] 11/8/2022 13:41

It is a little concerning that BofA/ Merrell Lynch are still selling down their holding in CNE. At one point they were above 20% when they publicly announced their objection to the merger, they have just reduced their holding from above 5.5% to 3.3%. Palliser hold 5%. There has as yet been no response from the CNE board regarding the Palliser report. Perhaps the board are still convinced that they can garner enough votes to push the merger through despite shareholder objections?

[suetballs] 11/8/2022 12:46

adg - they must luv you.
Well done.
Suet

[silverstone1] 11/8/2022 10:30

THE BREAKUP VALUE IS UP TO 360P PER SHARE WITH UP TO 214P PER SHARE IN CASH AND UP TO 146P PER SHARE IN ASSETS!

[888icb] 11/8/2022 10:28

Having gone above 230p we will have a new closing high if we hold the current 231p.

[finkie] 11/8/2022 09:57

Yes hopefully dead feels like it then the true value of cne can come through. I am thinking 300p in fairly short order but who knows!