Tullow Oil Share Discussion Threads

[oska] 09/6/2022 12:43

I agree with you Thommie but I still support the deal if it can bring gearing below
100%.Some cne shareholders seem to think their company is worth more than it actually is.

[thommie] 09/6/2022 12:33

I wonder why people think the new company after will be debt free?Can you please explain? I just had a quick look at cne and it seemed like they are in a net cash position of around 200m. Plus some cash from production coming in plus some contingent payments from their asset sales in the coming years.Tullow has around 2bln net debt atm. So the combined company will still have around 1,8bln net debt. Ofc the gearing improves as the market cap is bigger and it gets easier to reduce debt in the future, as the free cash flow will be bigger with bigger production. Though cne does have near 40 000 boepd in production it is important total note, that most of it isnt oil but gas, that is sold around 3$\mmcf to egypt... This boepd is super misleading... Was it 40% oil in cnes case? No time to look up, but I remember it was around these percentage.One big advantage will be the refinancing in the future, as they might get much better terms than before.

[grupo] 09/6/2022 11:34

Janhar
9 Jun '22 - 12:25 - 57518 of 57518
0 0 0
Unlikely as no one will buy oil from Russia for the foreseeable future and markets will remain tight


Many are still buying and putting in the home mix

[janhar] 09/6/2022 11:25

Unlikely as no one will buy oil from Russia for the foreseeable future and markets will remain tight

[frontdoor bull] 09/6/2022 11:23

At the end of Ukraine war this will plummet to 39p.

[fizzmiss] 09/6/2022 11:17

At these share manipulated prices, not for me thank you, these are Dark corrupt days for TLW shareholders.

Vote NO! It's blatant manipulated robbery.

[ctc1] 09/6/2022 11:01

I don't think Rahul made a bad deal at all, I just observe that the market seems unresponsive to what seems to be a transformational merger. Tlw now free of excessive debt and twice the size. I guess should eventually catch up to cne who are still buying back shares which may explain the divergence.

[fizzmiss] 09/6/2022 10:10

My thoughts exactly, Historical appalling deal done by Raul for his employees, that being us, the shareholders.

The market always works it out who gets the best deal and it sure aint TLW.

[fizzmiss] 09/6/2022 10:10

My thoughts exactly, Historical appalling deal done by Raul to enrich his past mates.

The market always works it out who gets the best deal and it sure ain't TLW.

If the share price had not been manipulated lower for the last 18 months, we would be around 80p easy and would have achieved a farer deal for TLW shareholders with this merger.

Raul strikes again. He needs to resign, sorry!

I am personally voting a big fat NO to this deal due to corrupt share price manipulation; we don't need this merger.

Everything Raul does, depresses the share price.

[ctc1] 09/6/2022 09:31

looks like market thinks cne got the better deal with bigger increase?

[fizzmiss] 09/6/2022 07:15

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 02:02

. 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 18:02

CNE is going up

[maxplus2] 08/6/2022 18:01

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

[fizzmlss] 08/6/2022 16:23

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 11:49

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 09:52

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

[nigelpm] 08/6/2022 09:40

ha ha - back to balance sheet Al.

[nigelpm] 08/6/2022 08:51

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

[frankmcalorum] 08/6/2022 08:42

When do CNE shareholders hold their vote?

[xxnjr] 08/6/2022 07:25

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