Tullow Oil Share Discussion Threads

[fizzmiss] 09/6/2022 08:15

The way they are manipulating the share price is criminal and a fine example why the FSA should be disbanded.

I think Raul is playing games petals.

[mcsean2164] 09/6/2022 03:02

. TLW has debt. Why would you see 100p?

Because poo is still high and tullow will be able to reprice hedges at much higher value if poo continues to stay high.

[maxplus2] 08/6/2022 19:02

CNE is going up

[maxplus2] 08/6/2022 19:01

But TLW has debt. Why would you see 100p?

[fizzmlss] 08/6/2022 17:23

This will be over a £1 by end of June, just look at bond prices, I can smell fear from shorter scum and their little helpers on boards like this.

[subsurface] 08/6/2022 12:49

Rahul giving Kenya update to officials today

Official account of the Cabinet Secretary, Ministry of Energy, Republic of Kenya.
has tweeted


Received Rahul Dhir, Group CEO Tullow Oil and Madhan Srinivasan MD Tullow Kenya, at the Ministry of Petroleum and Mining.


Mr. Dhir briefed on the status of Project Oil Kenya and outlined the next steps by Tullow in this endeavour.
With me at this meeting was Andrew Kamau, PS MoPM.

[nigelpm] 08/6/2022 10:52

You don't think 23% of the company (CNE) changed hands yesterday for the fun of it do you Al?

[nigelpm] 08/6/2022 10:40

ha ha - back to balance sheet Al.

[nigelpm] 08/6/2022 09:51

I'd be very concerned if I were sat here as a TLW shareholder (and bondholder) for that matter.

[frankmcalorum] 08/6/2022 09:42

When do CNE shareholders hold their vote?

[xxnjr] 08/6/2022 08:25

75% of CNE's shareholders req'd to vote 'YES'.
23.8% of CNE's TVR's were traded yesterday.

[fizzmiss] 07/6/2022 20:45

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 15:16

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.

Zacks Names "Single Best Pick to Double"

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[badger36] 07/6/2022 13:57

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 11:37

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 09:13

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

[xxnjr] 07/6/2022 08:12

SS my initial thought was same as you but its taken

[fizzmiss] 07/6/2022 06:32

I'm going for:

Manipulated 4 Pnuts Inc

[subsurface] 07/6/2022 04:25

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.