Tullow Oil Share Discussion Threads

[mj19] 17/3/2017 11:22

They won't let it

[sux_2bu] 17/3/2017 11:18

MJ1917 Mar '17 - 11:16 - 28609 of 28610 0 0
It will not break £2
......................................


It's just about to break down.

[sux_2bu] 17/3/2017 11:17

130p might be expensive in a few months time.

Games being played by the City.

[mj19] 17/3/2017 11:16

It will not break £2

[blueball] 17/3/2017 11:13

stay short.

[2jester] 17/3/2017 11:08

You know when you've been insider traded..

:o)

[casino444] 17/3/2017 11:02

........... lastest score ........tullow oil 130 shareholders 0

[rich73] 17/3/2017 10:59

Steve,

This is my thinking too.

So I buy 49 @ (say) 201p and acquire rights for 25 @ 130p = my average at 74 @ 177p.

Have I got this straight.... and if so why is the price not going to drop to 177p or lower?

Rich

[midasx] 17/3/2017 10:56

Get the rights issue out of the way and the company will be on a much sounder financial footing.

[2jester] 17/3/2017 10:54

"the price is already up"

laughable ...

[0rient] 17/3/2017 10:54

Get the rights issue out of the way and you will be left with a company massively diluted by the tune of 466,925,724 extra shares!! They have even stated some of the money could be used for high impact wild cat drilling!!
Looking for reasons to buy to take advantage of the rights issue but just can't see it.. real poor call by the board!

[midasx] 17/3/2017 10:41

The share price had already been walked down £1 by the City who knew this was coming.

Buying now before the 3rd April entitles you to the rights shares at 130p.

[fez77] 17/3/2017 10:39

Hi Cumnor - great post! I'm new to this thread and haven't bought yet. Will wait for a few days to watch for that drift of which you speak. Cheers!

[p@] 17/3/2017 10:25

Record date for R.I. is 3-4-17

[p@] 17/3/2017 10:23

So that person who sold 1.2million shares at 16.35 pm yesterday was lucky eh?

[steve73] 17/3/2017 10:14

So let me get this straight... if I buy before the 6th (or 5th) April, the shares acquired come with the full rights to buy 25 more at 130p for every 50 acquired...
Likewise if I sell now I give up the right to acquire more, but if I sell after the 6th, I retain my entitlement to additional shares - which must be paid for by the 24th April.. Can anyone please confirm if my understanding is correct..?

Comparing this to Enquest's recent RI in Oct/Nov '16 (of 4 for 9 at 23p), the price of ENQ dropped pretty close to the RI price between announcing the RI and the completion.

Is this likely to repeat with TLW.

[adg] 17/3/2017 10:01

The city is so corrupt and even the regulator is powerless (too inept) to act

[purple11] 17/3/2017 10:00

ok hands up who wish theyd sold @320?pmsl

[gregpeck7] 17/3/2017 09:42

Oil price has to rise as tullow won't be the last.. it's just not covering costs at the momebt

[ny boy] 17/3/2017 09:33

Take a longer term view


Jamie Constable at broker N+1 Singer said the rights issue "removes any questions over their balance sheet and covenants" as the company is now free cash flow positive. "They can now move the group forward and take advantage of any opportunities that may be out there."

[ed 123] 17/3/2017 09:19

Hi hiddendepths.

With reference to your post 28564,

"I love deep discounted rights issues!

Shares up this morning - not that many people understand that!"

Today's rights issue rns states that the existing shares will be marked ex-rights at 8:00am on 6 April 2017.

[casino444] 17/3/2017 09:08

MORE LIKE ' TITANIC OIL ' NO LIFE
BOATS LEFT FOR THE SHAREHOLDERS , ITS TIME TO JUMP SHIP !!

[sux_2bu] 17/3/2017 09:07

Well, this news today has fked up my plan to buy about 220p, 218p lol

The worry now, TLW was obv in financial trouble, have they raised enough. The oil climate / glut, is not improving at all.

Will monitor before ploughing money in.

[dealer1972] 17/3/2017 09:04

Funnily enough there's a gap at 129p that needs filling :)