Tullow Oil Share Discussion Threads

[fizzmiss] 06/6/2022 16:35

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 14:35

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 14:26

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 13:56

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 13:45

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 13:42

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 13:31

Max it's 3.8068 shares in tullow for each cap

[maxplus2] 06/6/2022 12:51

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 12:40

MP,

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

[waldron] 06/6/2022 11:58

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 10:21

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 17:59

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 17:34

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..

[djderry] 05/6/2022 17:28

Stella,the word 'investment' should never appear in a sentence with the word ' cryptocurrency'.(except in my sentence!)

[kulvinder] 05/6/2022 09:09

Thanks for that r95...

[r9505571] 03/6/2022 19:43

Yes looks like The Vanguard Group, Inc. have increased their holding from 3.09%Shares 44,505,202Value $23.8mTo 63,641,2444.43%

[kulvinder] 03/6/2022 08:38

Does anyone understand the Vanguard Group RNS, is this a buy, if so how were they able to buy such a large amount, assumed bought about Wed market close, as it does not show as part of the day's total traded?

[subsurface] 02/6/2022 23:45

Brings together capital with a place to allocate it.
like getting married!

[subsurface] 02/6/2022 09:53

The new deal quite a lot to take in, some thoughts

Reducing Tullows exposure to the Banks and all the conditions foisted upon us is very good.

Capricorn bought Shells Egypt assets and the fact Shell sold to them perhaps bodes well for Shell sale of Nigeria SPDC to the new group in the future.

Egypt prospects look good ENI are very active in the Western Desert.

Capricorn had a webcast 8th March 2022 preliminary results presentation with lots of info.

Capricorn are not hedged as per the Q/A