Tullow Oil Share Discussion Threads

[fizzmiss] 10/6/2022 06:35

Absolute rip off for all TLW investors.

The share price has been manipulated lower for the last 2 years to enable this very cheap sell off of TLW assets.


VOTE NO TO THIS RIP OFF DEAL.

[fizzmlss] 09/6/2022 22:27

Is that conflick or corn flakes?

[fizzmlss] 09/6/2022 22:24

RD is currentley in Kenya, signing ceremony later this week-you heard it here first.once Kenya is signed, share price will be heading north to £1.

[fizzmlss] 09/6/2022 22:18

Moody's ups Tullow Oil's outlook; affirms ratings- Tullow will be £1 by July.
hxxps://www.morningstar.co.uk/uk/news/AN_1654805969084100100/in-brief-moodys-ups-tullow-oils-outlook%3B-affirms-ratings.aspx

[frontdoor bulls the grim bitch] 09/6/2022 16:20

As soon as the conflick is over 37p you heard it here first, diplomatic good relations will return to the west.

[fizzmiss] 09/6/2022 16:14

I was thinking the same about you.


Why? What has Raul ever done to improve the shareprice? I did say he would sell on TLW for peanuts to his old mates when he first arrived, and here we are.

Peanuts, Peanuts luvly peanuts.

The Worst deal ever for TLW investors..... AGAINNNNNNNNNNNNN!

Give this TLW manipulated shareprice merger the contempt it deserves. VOTE NO!

We dont need CNE button money for our holdings, wayyyyyyyyyyyyyy undervalued.

[oska] 09/6/2022 15:37

Fizzmiss. Am I the only one who thinks your ridiculous.

[fizzmiss] 09/6/2022 14:51

Another fine mess you have got us into Raul lol.

The share price performed better before you handed TLW on a plate to your CNE mates.

VOTE NO!

Appalling share price manipulated deal!

Resign, Raul, you're putting TLW and its investors through the death of a thousand cuts, simply to feed your mates. Just like I said you would when you arrived.

[xxnjr] 09/6/2022 14:38

Yes anley we know you have a Deltic position! I sold my DELT as it might be more likely now that CNE-TLW exit under Rahul methinks. But good luck.

[anley] 09/6/2022 14:33

If one of the JV's with Deltic is successful than that will be worth.............so have a look at what is happening in the North Sea

[xxnjr] 09/6/2022 14:33

It's in the latest presentation.

TLW Debt $2.6bn
CNE Debt $0.2bn
==================
Total Debt $2.8bn

TLW/CNE Cash $1.3bn
===================
Net Debt $1.5bn

All at 31/12/2021. CNE's debt has been adjusted for (1) Tender Offer (2) Share buy backs and (3) India Settlement; all q1/q2 events this year. This results in

Pro forma 2021A leverage of 1.5x and $1.8Bn of liquidity which includes Tullow undrawn facilities of $0.5Bn.

The whole point is that the combined entity will have the fire power to acquire further assets being off-loaded by super majors in West Africa. If the deal goes through TLW will no longer be in 'intensive care' which is where it's been for the last 2 yrs.

[mcsean2164] 09/6/2022 14:31

Agree thommie but also think tullow would have got better refinancing terms regardless as they are in a much better position now than when they refinanced last.

[ctc1] 09/6/2022 14:05

Hi, yeah sorry missspoke too loosely there, debt down to 1bn by year end which is standard for a company of its size. apologies

[oska] 09/6/2022 13:43

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 13:33

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 12:34

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 12:25

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

[frontdoor bull] 09/6/2022 12:23

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

[fizzmiss] 09/6/2022 12:17

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 12:01

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 11:10

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 11:10

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 10:31

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