Capricorn Energy Share Discussion Threads

[suetballs] 29/9/2022 10:48

An then perhaps not.
Suet

[suetballs] 29/9/2022 10:47

Well it looks like something has happened this am.
Suet

[churchill2] 28/9/2022 22:13

I would have thought the weakness in the pound makes the Tullow deal even more untenable. Proceeds from Senegal and Uk assets will be received in dollars.The Egyptian assets Capricorn bought were in dollars when the exchange rate was in the 1.30 range.Net result is the asset value of Capricorn must be now be well in excess of 330p. So unless Tullow can pull a rabbit out of the hat their current offer will not cut it.

[adg] 22/9/2022 13:12

I'm personally struggling to work up any apathy here wrt CNE !

[arlington chetwynd talbott] 15/9/2022 12:59

Fair comment?(from the Tullow BB)"If it was not for the tax refund from India Capricorn would be kaput Strutting around after a one off and lucky-given the atmosphere and corruption in India - is not exactly my idea of a good investment Tullow need cash, Capricorn needs average and flow ?"

[anley] 14/9/2022 17:07

There are posters on the Deltic BB who like the idea of Deltic being acquired by CNE which would bring Shell closer to the party of drills......Pensacola and then Selene and in 2023 maybe one from CNE

It makes a good story in the fast moving world of GAS.

[silverstone1] 14/9/2022 08:48

ONLY A MORON WOULD VOTE TO TAKE ON NET DEBT OF $2.33BN!

[suetballs] 14/9/2022 08:24

Per tlw half year results merger still going ahead.
But they would say that!
Suet

[silverstone1] 13/9/2022 08:09

WITH TLW, CNE HAVE 50% DOWNSIDE AND WITHOUT TLW, CNE HAVE 50% UPSIDE!

[silverstone1] 12/9/2022 15:23

THE TLW MERGER IS A COMPLETE WASTE OF TIME AND MONEY BECAUSE MORE THAN 27% OF CNE SHAREHOLDERS ARE PUBLICLY AGAINST THE MERGER AND THE SILENT MAJORITY OF CNE SHAREHOLDERS ARE ALSO AGAINST THE MERGER, THEREFORE, HOW CAN THE CNE BOARD OF DIRECTORS POSSIBLY HOPE TO ACHIEVE THE REQUIRED 75% THRESHOLD?

[jaf111] 12/9/2022 07:55

Oh yes….clearly I can’t read 😳

[suetballs] 12/9/2022 07:44

tlw results not cne.
Suet

[jaf111] 12/9/2022 07:32

Surely not….H1 results came out last week (6 Sept)?????

[suetballs] 12/9/2022 07:29

tlw half year results on Wednesday - will we get an update on the "merger"?
Suet

[silverstone1] 10/9/2022 09:00

$1.06BN MINUS $500M FOR THE ILL-ADVISED TENDER OFFER IS WORTH A LOT MORE NOW, DUE TO STERLING WEAKNESS, BUT ONLY IF THE PROCEEDS ARE STILL IN US DOLLARS! DOES ANYONE KNOW IF THE PROCEEDS ARE STILL IN US DOLLARS OR HAVE THEY BEEN CONVERTED INTO STERLING?

[silverstone1] 07/9/2022 22:58

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!

[suetballs] 07/9/2022 15:57

£3 would tick plenty of boxes.
Suet

[churchill2] 07/9/2022 15:06

The half year results confirmed that the well researched argument from Palliser that Capricorn is worth two pounds cash plus a minimum of one pound in assets. Management needs to address this issue and provide a solution that shareholders can readily accept with or without Tullow.

[nigelpm] 07/9/2022 10:43

Bought back in on that cash balance - there's a good chance someone comes in for them I'd have thought.

[p6r0] 07/9/2022 10:41

Exactly! Why are the board wasting their time on a merger they cannot hope to complete on?
Their time would be better spent evaluating and updating shareholders on the " the number of other expressions of interest relating to alternative transactions." By whom and on what terms?
It has been made clear to the board that the merger with TLW is not acceptable to CNE's major shareholders for months, so either renegotiate the deal with TLW or move on to alternatives.