Capricorn Energy Share Discussion Threads

[silverstone1] 30/6/2022 15:33

AS PREDICTED, THE MKT CAP OF CNE IS NOW MORE THAN TLW, IN FACT, I WOULDN'T EVEN VOTE FOR THE TLW MERGER IF TLW WERE FREE BECAUSE THEIR DEBT MOUNTAIN WOULD TRASH CNE!

[silverstone1] 30/6/2022 08:24

WHO WANTS TULLOW PAPER NOW? TOILET PAPER WILL SOON BE MORE VALUABLE!

[suetballs] 29/6/2022 10:45

Madness good points.
Looks like a strong hold here - with money getting more expensive cne seems to be holding a lot of cards.
Suet

[silverstone1] 29/6/2022 10:35

IT LOOKS LIKE BANK OF AMERICA AND BUYING CHEAPLY UNTIL THEY OWN 30% AND HAVE TO BID FOR THE OTHER 70% BECAUSE THEY CAN EXTRACT UP TO 214P PER SHARE IN CASH AND THEN SELL THE REMAINING ASSETS FOR UP TO 146P PER SHARE!

[controlledmadness] 29/6/2022 09:56

A simple question. With Bank of America approaching 25 percent ownership. If bank of America continues then they will soon own 30 percent and then have to make a bid. Is that what Bank of America plan?
Alternatively the brokers are now putting Tullow estimates after the merger at about 90p which ar 3.8 give a value on Capricorn of around 340-350.
Are Bank of America buying for another bidder?

[anley] 28/6/2022 12:58

There are 5 licences which CNE have with Deltic as JV's and 2 JV's with Shell. But every thing you want to know is on the DELTIC Energy website.

[badger60] 28/6/2022 11:16

I don't known what Delti would go for. Much depends on the Shell Pensacola drill......but CNE thought Deltics assets were worth drilling in their own estimation....I think they're all 3d seismiced.

[badger60] 28/6/2022 11:06

Oi
CNE have 4 NSG drills lined up with Deltic......it may be worth buying Deltic given their Shell Pensacola drill due in September... there's also another Deltic asset gas drill that Shell are looking at.

[oilinvestoral] 28/6/2022 10:45

Badger You are right ... "CNE have production".... But in one of the worst jurisdictions (from a cash flow POV) in the world ... Egypt and specifically EGPC is horrible from a netbacks standpoint. All oil bbls are NOT created equal...While the TLW balance sheet is weak , they have highly cash-generative and lower CAPEX assets (that CNE do not have). One company's weakness is another company's strength in this case...

[silverstone1] 28/6/2022 10:32

THE TLW MERGER WON'T BE APPROVED BECAUSE THE THRESHOLD IS 75% AND BANK OF AMERICA NOW OWN ALMOST 25% OF CNE AND ARE AGAINST THE TLW MERGER!

[badger60] 28/6/2022 08:22

CNE/Tullow a big mistake imv.CNE have production, contracts to be executed and the cash to grow organically by selecting appropriate assets.......and remain in CONTROL. Tullow has always been a badly run company and riddled with debt. This won't change going forward....

[silverstone1] 24/6/2022 12:17

IT'S YOUR LOSS BECAUSE SILVERSTONE'S TRACK RECORD IS 100%!

[oilinvestoral] 24/6/2022 02:59

I'll start taking silverstone more seriously when he manages to find his caps lock button...

[silverstone1] 23/6/2022 21:34

BANK OF AMERICA ARE BUYING EVERYDAY AND NOW OWN ALMOST 20% OF CNE!

[tron22] 23/6/2022 18:41

Silver.. any hard evidence news article etc.) ? Or this just a hope? Please provide any links. At this point I am praying Any company with big pockets comes along and bids for a price north of 2.40 per share, this alone will make the stock jump.

[silverstone1] 23/6/2022 10:28

IT LOOKS LIKE BANK OF AMERICA ARE GOING TO BID FOR CNE!

[silverstone1] 22/6/2022 10:26

ONLY DEATH AND TAXES ARE GUARANTEED, BUT AFTER RETURNING UP TO 214P PER SHARE VIA AN ISSUE OF B SHARES, CNE WOULD STILL HAVE ASSETS ABOVE 100P PER SHARE (146P)!

[controlledmadness] 22/6/2022 09:19

Silverstone1 - I assume you are willing to guarantee this price of 100p if they return the 214p?
Say for 1 year?

[silverstone1] 22/6/2022 09:00

THE FARCICAL TLW MERGER IS ALSO DUE TO END IN A FORTNIGHT BECAUSE 3.8068 NEW TLW SHARES FOR EACH CNE SHARE IS ONLY 183P, THEREFORE, IT'S TIME TO COME UP WITH PLAN B BY RETURNING UP TO 214P PER SHARE VIA AN ISSUE OF B SHARES AND THE ORDINARY SHARES WOULD STILL BE ABOVE 100P PER SHARE!

[silverstone1] 22/6/2022 07:33

AT LEAST THE FARCICAL BUYBACK PROGRAMME IS DUE TO END IN A FORTNIGHT!

[silverstone1] 20/6/2022 20:27

BANK OF AMERICA AGREE WITH ME AND SEE 70% UPSIDE VIA AN ISSUE OF B SHARES!

[xxnjr] 20/6/2022 17:30

xxnjr 15 Jun '22 - 10:10 - 7263 of 7282 Edit
0 0 0
BoAML now have 11.98%
whereas above were not listed as an >3% holder in CNE 2021 Annual Report.

BoA now have 17.04% of voting rights

[silverstone1] 20/6/2022 11:06

ISSUING B SHARES WILL RETURN UP TO 214P PER SHARE AND THE ORDINARY SHARES WILL STILL BE ABOVE 100P PER SHARE!

[officerdigby] 20/6/2022 09:47

SilverSTONE, how does issuing b-shares creat value?..market cap is the valuation.Market cap stays the same...Issuing shares negates the buy back l!?Back at square one without cash!