Tullow Oil Share Discussion Threads

[fizzmiss] 07/6/2022 19:45

Sewer rat shorters are in over drive trying to wreck this take over.

Raul and the FSA sit back and do Frig all to sort it.

Who ever states the share price is not continuing to be manipulated for personal agenda with the help of the MM, needs to be committed to an asylum !

[ariane] 07/6/2022 14:16

NASDAQ

Tullow Oil (TUWOY) to Acquire Rival Capricorn for $827 Million


Contributor
Zacks Equity Research Zacks


Published
Jun 7, 2022 8:08AM EDT



U.K.-based, West Africa-focused Tullow Oil Plc TUWOY has agreed to take over its British competitor — Capricorn Energy — in an all-stock deal worth around 656.9 million pounds ($826.7 million). This deal will lead to the creation of an Africa-focused energy firm with a market value of more than £1.4 billion.

As part of the all-stock deal, Capricorn shareholders will receive 3.8068 Tullow shares for each share they own and have a 47% stake in the merged group, which will be headed by Tullow’s Chief Executive Officer, Rahul Dhir.

The combined entity will own 1 billion barrels of resources across Africa and is expected to produce around 100,000 barrels of oil equivalent per day. However, by 2025, the output is anticipated to reach 120,000 barrels a day.

Capricorn owns assets in Mauritania on Africa’s Atlantic coast and in Egypt’s Western Desert. Meanwhile, TUWOY mainly has projects in West and East Africa. The two firms stated that they believed the deal would create a “stronger, more resilient” African energy company that would be able to deliver sustainable shareholder returns while focusing on infrastructure-led exploration.

The two companies in a statement said, "the combination represents a unique opportunity to create a leading African energy company, listed in London, with the financial flexibility and human resource capability to access and accelerate near-term organic growth."

The new entity’s board will include two from Tullow’s current non-executive directors and three from Capricorn’s current non-executive directors.

Tullow Oil operates as an independent oil and gas exploration and production company in Europe. The company has a large portfolio of exploration and production assets, with a focus on balanced long-term growth. It is headquartered in London, the United Kingdom.

Tullow currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the energy space that warrant a look include Marathon Petroleum MPC, Centennial Resource Development CDEV and Valero Energy VLO, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Marathon Petroleum is valued at around $59 billion. Marathon Petroleum beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 65%.

The Zacks Consensus Estimate for MPC’s 2022 earnings is projected at $11.03 per share, up approximately 350% from the projected year-ago earnings of $2.45.

The Zacks Consensus Estimate for Centennial’s 2022 earnings is projected at $2.06 per share, which is an increase of approximately 198.5% from the projected year-ago earnings of 69 cents.

Centennial stock has increased 39.9% in a year. The Zacks Consensus Estimate for CDEV’s 2022 earnings per share has been revised from $1.59 to $2.06, up about 29.6%, in the past 60 days.

The Zacks Consensus Estimate for Valero’s 2022 earnings is projected at $14.30 per share, up about 408.9% from the projected year-ago earnings of $2.81.

Valero beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 84.3%. VLO is valued at around $56.6 billion.

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[badger36] 07/6/2022 12:57

Venal Robinson sure knows how to exploit and her embarrassing spectacle in the UAE with Princess Latifa, her attempt to get a tax write off from the State for her notebooks and sale of a broken down family home to the local council were the pinnacle of her avarice

[megsta] 07/6/2022 10:37

Let Africa exploit its natural gas reserves, says Mary Robinson. Ex-UN climate envoy says continent’s need for energy is so great it should be able to widely use the fossil fuel

[badger36] 07/6/2022 08:13

The DS group(duster)A shambles of an outfit now given the market reaction. Zero confidence

[xxnjr] 07/6/2022 07:12

SS my initial thought was same as you but its taken

[fizzmiss] 07/6/2022 05:32

I'm going for:

Manipulated 4 Pnuts Inc

[subsurface] 07/6/2022 03:25

Place your bets for the new name. I'm going for Energy Africa

XX Africa energy my pick.



On the latest investor presentation slide 5 time line Kenya FID 2023.

[fizzmiss] 06/6/2022 15:35

Back to mega manipulated share price fall at close.

How can the MM blatantly get away with this corrupt constant share price manipulation?

Where are the inept FSA?

[mariopeter] 06/6/2022 13:35

See CNE RNS on 29th April but I used one of the RNSs today and re-engineered the percentage.

New shares to be issued are 317m*3.8068 and add to Tullow existing (1438) leaves combined entity with 2645m shares.

Some further maths though:

On the day of the RNS Tullow was 54p that values the CNE bit 651m. If that is 47% of the combined entity then the whole of the combined entity is worth 1412m or 53p per share.

The de-risking of Tullow shares is why I see some upside though and McSean that may take a little time to come through. Let those hedging positions run out too and the oil price will have a greater effect.

I can tell you that Tullow cash-flows are much more sensitive to production volumes than the oil price and not only because of the forced hedging. The market does not always see it that way but that is reality. I once had a super accurate spreadsheet tracking Tullow cash which saved my bacon once upon a time. Buy more volume is a good strategy.

[maxplus2] 06/6/2022 13:26

Ok. Where did you got 317m figure from?Using the above figure and 3.8068 factor, new additional TLW shares, 1.206755600e009

[mariopeter] 06/6/2022 12:56

Hi Max,

You have used the ADVFN number of shares in CNE and I made the same mistake in my earlier post. They only actually have about 317m shares in issue. Only just discovered that now.

[maxplus2] 06/6/2022 12:45

Current total shares in Capricorn are 495.23M.So using approx. 3.8 factor new shares in TLW are approx. 1.881874000e009

[maxplus2] 06/6/2022 12:42

Thank you for correcting me. The point I am making as more shares are going to be introduced inTLW, it would dilute the shareholders value.

[scemer] 06/6/2022 12:31

Max it's 3.8068 shares in tullow for each cap

[maxplus2] 06/6/2022 11:51

In the RNS, it mentions that for every one share of Capricorn, their shareholders will get 3.2 shares in TLW for every share in Capricorn. This would introduce more shares already in TLW. How did you come to this conclusion that share price will rocket up?

[mcsean2164] 06/6/2022 11:40

MP,

Hope you're right. Very disappointing to be where we are with poo as it is.

[waldron] 06/6/2022 10:58

Saudi Aramco Raises Oil Prices for Asian, European Buyers
06 June 2022 - 11:57AM
Dow Jones News


By Will Horner



Saudi Arabia raised prices of its crude oil exports to Asia and Europe for the month of July, even as the Organization of Petroleum Exporting Countries prepares to increase its output during the next two months.

Saudi Arabian Oil Co., the nation's state-run oil company, increased the price of its benchmark Arab Light crude by $2.10 a barrel for Asian buyers.

The company, known as Saudi Aramco, added $2.20 a barrel for consumers in Northern Europe, and $2.00 a barrel for buyers in the Mediterranean. Prices for the U.S. market remained unchanged.

These changes mean, in July, Asian consumers will pay a $6.50 premium for the company's crude oil over the average of the Oman and Dubai benchmarks at the time.

In Northern Europe and the Mediterranean, consumers will now pay a $4.30 and $3.90 premium a barrel compared with the ICE Brent oil benchmark.

The price hike comes despite OPEC and its allies--known collectively as OPEC+--last week deciding to increase its total output in July and August by 648,000 barrels a day. Saudi Arabia is a leading member of OPEC.

Despite the increase, the oil market is expected to remain tight, as the war in Ukraine continues to disrupt global energy shipments and demand for oil continues to recover, Vivek Dhar, an analyst at the Commonwealth Bank Australia, said in a note to clients.

"While that increase is sorely needed, it falls short of demand growth expectations, especially with [the European Union's] partial ban on Russian oil imports also factored in," he added.



Write to Will Horner at [e-mail]



(END) Dow Jones Newswires

June 06, 2022 05:42 ET (09:42 GMT)

[mariopeter] 06/6/2022 09:21

Merger looks like a great deal for Tullow removing the existential threat of its debt. If completed the deal will leave the combined group with perhaps less than $1b in debt and 95kbopd and cc 3.4b shares in issue. Not very exciting but safer. Can see upward movement in the share price from this deal and maybe a bit more if the oil price goes up over the Summer, as is expected.

Well done Tullow BoD, the Company will have teeth again (baby ones for now which will grow but will take time).

Boy o boy they need a change of luck with the drill bit on their exploration. Been out of luck for a long time.

Kenya looks like a fence to be jumped and is, after all, Africa onshore.

[cashandcard] 05/6/2022 16:59

It was always going to happen. With Crypto imploding, you have desperate attempts by Crypto MLM schemers trying to lure traditional investors in, spamming threads en masse. Sad indeed Cash

[k mon] 05/6/2022 16:34

Look up the profile ..

Stellamaceyy
Member since: 05 Jun 2022
FREE

..............................

There's been a load of them (new names) ..
turned up on various threads this weekend ..
.. all pushing the same (in probability) .. Charlatan..