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Yeah for sure (& btc)
America particularly tho as they’ve all got guns & damn strong opinions blue / red / black / white.
They’ve got it all angles. Internally & externally, UK has brexit to look forward too & loads of batons in charge.
Things certainly arnt the best.
Only sticks I’m loading for the long term are goldies & only in certain jurisdictions. Take a look at TTAU (24moz utr af & Queensland based, Rio next door)
all if the rns drops say tomorrow or on friday, and if oil is not free falling, what is the highest point tullow will reach before coming back down ? I say 27p ... next ?
to be honest camkite the whole world economy is bugged ..not just the usa.. i just wonder where Gold and Silver will be by mind 2021...
America’s F**ked either way tbf - either way they have some very rough times ahead.
Now swaying with a large swing down on oil next week. Tlw please release the kraken ffs. Lol
must be an RNS update from tomorrow to Monday maybe latest Tuesday. I hope they release it when oil bounces up. I just can not see the USA locking down AGAIN especially if Trump wins ...If pedo Biden wins then it will be a different story. No doubt OPEC will continue with the cuts till next year.
The ownership exchange doesn't stop larger businesses from taking over smaller ones I'm afraid!
All of the countries would welcome a bigger player.
I was in Ophir Energy when they got taking over and it went through with no problem even tho I was sure that the shareholders would reject the offer!
Slift, the complexity could be the saving grace. In in the good times, AH mentioned how complex a T/O would be.
Hmm.. A takeover..
The hassle Tullow had to go through with one government (Uganda gov) for a sale of ONE ASSET and exit of ONE country...
Imagine the headache Tullow will have to go through for a takeover:
- Ghana Gov
- Kenya Gov
- Suriname Gov
- Guyana Gov
- UK OGA
- Peru Gov (where there's already issues with exploration licenses)
- Argentina Gov
- Gabon Gov (and the multiple JV partners involved in 24 licenses)
- etc.
Also the big hurdle of shareholder approval.
Would be difficult.
And in this situation are we to assume that PIs may not get fair value...
The way I see it is anyone taking over Tullow now is getting the company for free with even money left over in the bank.
What they are taking over is the debt payments, which are spread over years.
So they are basically not paying anything upfront for Tullow but getting to pay for them on credit!
But what did TLW expect by saying 'the money is days away'.
It reminds me of the RNS 16th September 2019 announcing the Joe-1 discovery, the same day as Poo had its biggest spike in about 30yrs - due to the SA attack. And still TLW only briefly touched 250p.
JMAX,
I think Tlw were trying to milk the announcement and stretch it over a couple of RNS's for maximum effect, but it's allowed the shorters a window of time between the RNS's to manipulate the share!
Inventories priced in.
We bounce (or at least should do)
Price no bares on who wins the election.
Exactly.
It’s not black & white by any means, short / medium term I see Biden as a positive & Donald as a duck.
Biden will definitely kill fracking in US, that’s v good here.
Dav,
You have raised some valid points and the cheap T/O has always been a concern.
But what was the real point of last week's RNS? It may have been to supress a SP spike - but to me it helped the shorters more than anyone. An RNS saying the funds had been received would have suited me - no prior warning needed.
Mole why will a Biden win be a hit for oil ??
Improved int relations.
Less tax breaks.
Weaker dollar.
Anything I’m missing ?
Holders need to realise TLW does not live in a bubble. The general market is too negative, and no sign of it improving.
Biden in will be another hit for oil markets.
What concerns me is the share price has been kept low even after a major RNS last week.
With 500 million cash being deposited into their account and the way the company has successfully streamlined the business, I fear they have just become a far more attractive low ball takeover at these very low prices.
Tullow has done a would-be suitor a massive favour by paying off half the staff and tightening up the entire business already for them. They would be taking over a very streamline business.
Companies on the lookout for acquisitions will see how they can purchase Tullow for less than will be sitting in Tullows bank account.
This is the last thing I want to see happen!!!