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I mean before the drop? Would the asset value not have already have been known? Therefore another compelling reason for the drop in sp and the severity of it?
If I was dorothy id sell all of lake albert. If they valued 22% at $900 million then 33%... $1.3 billion. Debt now 1.5 billion. If carapa strikes sell that and kenya for $5-600 million. Debt now 900 million. Ten an jubilee at 90k bpd worth $3 Billion at 70kbpd $2.2billion. So $1.3 billion left for shareholders = so approx 90p plus $350 million fcf so add another 20p. So we need ten and jubilee back up to give us 150p.. right now 110p would be considered a decent bid which to me is useles. I need carapa then ten and jubilee back to where it should be. I need and want 150p.
Value of assets? Was considered at 40p? No they weren't! If they were this wouldnt have bounced back to 68p. Value of assets still considered way over 100p. If tullow can get carapa thats another 30-40p. If it manages to sell uganda thats 22kbpd a year carry thru with our 10%. Then 70kbpd turns to 92kbpd. It can sell Kenya to a bigger player. Plus it can improve on ten an jubilee. But it will take time. Oils in the ground just need to get it out.
Please forgive office manager......I’m sure they don’t mean to be a complete leg end......and that’s being nice
What a complete nob.......filtered also
Poor poor me, you sound like Corbyn or Abbot lol Time for the ferry to filter island
Thanks for taking the time to reply to my post manicman182. All I got first was ridicule from others.
Agree with that..
Nothing to worry about at 42p
There is a good reason to be cautious. As nothing is certain in the world of share dealing.
Having looked over Tullows history , I feel the drop was overdone .
Let's all see where we go from here.
My point would be it pays to be catious and a little optomistic...GLA
Yes Come Back When It's £3.00 ........ Much Better Reception.
I’ll post back when some more civil posters are on here. Wow.....so offensive
I for one want this to do well......
Peep's Have Done Two Thirds Of Their Dough Here Formason take it easy with the caution.
Never yet met a troll or a deramper , they don't exist apparently lol.
I mean.....trolling me for what investments I’ve made and comments I have made on other boards....
That should be my post to my last 2 responses. Calm as a cucumber me.....you both had the issue with my post not me. I was merely just saying......
Can you understand why I do not post much? This is exactly the reactions one doesn’t want to get for making a comment to the board. It’s my opinion that’s all. Anyone taking it as investing advice should not be investing at all. Just because I do not post....doesn’t mean I do not read all posts.....and yes I do have a small holding. I don’t just float around boards commenting on anything I have no interest in.
This is an opinions board pal.....not a trolling one. I certainly do not hide behind anything......and no I did not escape with big profits. Why would that even be relevant on the TWL board?
I would advise caution taking advice from a former holder in TCG, that wasn't a very wise move on hindsight was it , Although I'm sure you'll tell us you were one of those to get out with a massive profit.
On here everyday....I just don’t post so much. Many mixed views.
Your missing everything ForMayson.... go back to Monday and start reading all the posts till today one by one, then let’s talk !
Not that I do not welcome the optimism here......caution is still relevant. Can not forget....this dropped some 70% in one day. Surely the value of assets were already considered on that day too.....but still a bloodbath took place. Or am I missing something and this was a serious over reaction.??