Tullow Oil Share Discussion Threads

[kulvinder] 01/6/2022 15:38

Today, if this merger is good for TLW, then why we at 53p today ? Looks like we been sold down the river...look out for another mauling when the share consolidation comes after the merger is complete to dilute value further.

[alfiex] 01/6/2022 15:35

Didn't Rahul used to run Cairn ?

[fizzmiss] 01/6/2022 14:58

Plus the TLW share price has been manipulated lower to enable a very very costly take over deal, as I predicted 2 years ago.

Nice one Raul!

Will say one thing, give it 2 years and TLW will be an amazing take-over target!

[mcsean2164] 01/6/2022 14:51

Inntolife,

Management was chucked out and a spineless temporary CEO was appointed that firesaled assets and got funding at awful rates, they then hedged at really bad rates.

On the horizon are very large resource upgrades as ten about to be drilled, better hedging, better funding rates etc. that's not properly in tullows price.

It's a bargain for CNE and a disaster for tullow holders like me that bought around £1.80

[fizzmiss] 01/6/2022 14:41

The market dont like this as much as rampers try and flip it.

Raul will not get best deal for shareholders, same as what happened with PMO.

I predicted this would happen and here we are.

Sad day for all TLW shareholders, all will be walking home in their nic nacks by the time Raul is done.

[xxnjr] 01/6/2022 14:31

Back to basics.

Repsol spud Beebei-1 in Guyana 31/5.

[orchestralis] 01/6/2022 14:10

I thought this may have moved more today in either direction.

[fizzmiss] 01/6/2022 14:02

Hello, As a CNE holder please would someone explain to me just what TLW did two years ago to warrant their large drop in share price and are the board members still in place that mucked up ?
Thanks

NO1 THEY BOOTED EM ALL OUT AND BROUGHT IN WORSE MUPPETS.

[phillis] 01/6/2022 13:58

Akin to a rights issue for TLW
should resolve their debt prob,ems

[inntolife] 01/6/2022 13:54

Hello, As a CNE holder please would someone explain to me just what TLW did two years ago to warrant their large drop in share price and are the board members still in place that mucked up ?
Thanks

[kulvinder] 01/6/2022 13:36

Really thought we would see 75p by August if this meger had not been announced, this now is going to hinder any upward movement for some time now till market sees or gains some confidence in the new merged company with I would have thought consolidation of shares....so what price we end up after that I don't know.

[thegreatgeraldo] 01/6/2022 13:18

Strikes me as a pretty smart deal by both sides.... there again, it's all a matter of opinion...

[sbb1x] 01/6/2022 13:10

Bad deal for CNE

[mcsean2164] 01/6/2022 12:36

Seems criminal. Dorothy talking down the prospects of tullow followed by a firesale of several assets, Rahul giving poor forward guidance and now this.

Even the market cap of CNE v tullow alone would suggest a 47/53 split is wrong. Tullow shareholders shafted massively again. I hate this company now

[ammons] 01/6/2022 12:34

Got to larf!!!

CNE and TLW holders each claiming to have been shafted!! LOL!!!!!

I am a CNE holder. Guess what?? I think I have been shafted and hope a better offer for all the cash comes along!!

[djderry] 01/6/2022 12:10

If it creates a stronger balance sheet with accompanying cash flows and it's valuing Tullow appropriately,then I'm in favour.I'm still trying to figure out the 'if' part of that.

[frontdoor bull] 01/6/2022 12:07

Pure donkey, should be @ least 250p by now 🤬

[kulvinder] 01/6/2022 11:16

They would be, as they appear to be getting a better deal with TLW shares at around 52p each to rhat of the current price of 55p...

[badger36] 01/6/2022 11:05

Capricorn up nearly 4 percent

[bootycall] 01/6/2022 09:22

Cost savings of $50m will be dwarfed by reductions in debt service costs as debt multiple falling to 1X by end of 2022? allowing refi in 2023. Expect a 500 basis point saving ? credit rating will benefit from geographical diversification of production profile. Rahul should have waited for Kenya to close…we already had cash to do second rig because of cost recovery terms in PSC so I am not pleased with his explanation. Henceforth, the combined companies results in a stronger, more diversified group, but Rahul is finally talking about the upside of Ten and a second rig…things we could have enjoyed in any event . We do not appear to be overpaying for Capricorn which is something but i view the whole exercise as a bit of a disguised rights issue. Shares will still go up IMO but we have just lost out on a proper Kenya rerating. Lots of investment banks with their noses in the troughs again I am afraid . Institutional interest might be reinvigorated from a much more diversified and lower geared dividend paying entity .
Short term I see this as dilutive but if the excess capital is sensibly deployed we can extract value more quickly. I think Rahul wants to be the hunter not the hunted. I would prefer he be the hunted and we get the premium . Booty

[bloomberg2] 01/6/2022 09:22

Share consolidation coming

[xxnjr] 01/6/2022 09:08

Hello Nigel. The UKNS tax Q got answered in a good way.