If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
'Don't panic' but is this the start of the correction?
yes exactly that.
oilheadgame
Why? Because monkey like you currently driving the company?
NO. idiot.
Any possible news of takeover on Monday?
Auson,
Thanks for your view. Cheers
MrEMC2,
Not sure who you are asking but if you want my opinion.. its most likely a no. The Fed ECB and BOJ etc have declared whatever it takes and QE to infinity. I think this is whats driving the Gold price rally, which I have been enjoying since POG $1230s
Hi Mrd do you remember the discussions last year about a recession and possible 'super crash' in 2020 and how it would be better to sit in cash until after it to buy low. Do you still think there may be a crash in 2020? ATB MrE
Auson,
This looks like an concerted attack . Taking out margin calls and stops
tindrumgambler,
Not looking too good today, there seems to be some panic.
The treasury team at Tullow is already in discussions over converting nearer term lending into longer term debt. In the meantime Tullow has substantial actual cash flow from operations despite the forecasts, and over a billion in headroom. Talk of rights issues are premature to say the least, and wouldn't be the end of the world even if it did happen.
So in short Tindrum, you have no idea how the company intends to pay its 2022 bond, but raising new equity to strengthen the balance the sheet is a crazy idea, gotcha.
Tony, I get their working on things in the background and hopefully they can obtain a sale of Kenya, but it shouldn’t be assumed that there’s a line of potential suitors, it might take time or it might be dependant on FID. Uganda would again be very welcomed but aside from this forum I don’t think many people share the optimism that it will be resolved soon.
Anyways, just voicing an opinion, obviously it doesn’t fit on here, but there’s reasons the equity and debt are trading as they are regardless of if investors want to entertain certain view points.
I'm not sure about aliens but a positive RNS landing would be most welcome!
But what if they are interested in TLW and what if in two years they want to pay the bonds
What if .........................
New shorters wasted no time getting their shares sold. Can it really go much lower? I don't know how they expect to make money, surely the big drop has already happened. It is not about two yeard time, the shorts don't last long.
Megla we can all think up different scenarios "But what if that deal" was bla bla POO is over $100, TLW buy out at £1.50 or an asset sale, gas injection resolved
But what if we are invaded by aliens , if if if
The company is working on this right now. The assets for sale are 1/7 or 1/6 of the entire company. Discussions are on-going between Total and Uganda government. A go ahead escalates the value of Tullow by 230 2C towards 230 2P. That impact is massive on the company value. Its like having a new TEN field coming on line. It equates to around half the company debt being rolled over.
But what if that deal was at the expense of the equity?! Thinking from a bond holders perspective why would they want to extend the maturities? Tullow have no near term production coming online and decline production assets. I wouldn’t just assume people are happy to extend without a realistic plan for them to get their money back.
2022 bond becomes a current liability in 16 months, that’s when the company needs to have a plan, either an agreement to extend/replace or pay back.
got two years to sort stuff out , and the banks would do a deal , wont cut off there nose to spite their face . They always do a deal.
So anyone suggesting the business should strengthen the balance sheet is short, gotcha.
Maybe you could tell me how the company intends to pay back the 2022 bond with production expected to decline again next year, further limiting the ability to generate fcf?
Would not wont to be short when they asset sale RNS breaks . Could Wipe you out Megla , think about it ?
Not sure why you think strengthening an incredibly weak balance sheet is a negative post?
Some trolls shouting this morning . rights issues bla bla
Chill man we dont need any wonga for a couple of years got 1b headroom at the bank ,things will turn maybe not today or maybe today!
Got great resource producing 70-80bpd . With rumours of an asset sale nearly complete .
smile