Member Info for antonvb

Tomorrow will be interesting as news is always leaked....so if the share price was going to rocket on the announcement I'd of expected to finish at least 3 to 5% up today. But I really hope it does.....would love a 10 to 20% Friday.....GLA

Well that RNS confirms it.....I am too suspicious :-)

I love Rahul.....18:30 RNS....let the shorters sweat all night :-)

Bailiff.... I don't know.... the markets make a living by screwing us ... normally they've picked all the meat off the bone by the time the RNS is released to us plebs. So just seems a bit strange that we're getting such positive confirmation in the chat and seeing no reaction in the share price. Anyway, I hope it's all true as I'm looking forward to 90p by 3pm.

Don't know if I'm being paranoid or the fact that I don't trust anyone, however what is being posted on this board seems to indicate that the deal is done, detail some of the terms and that we're just waiting for the announcement. Obviously possible that there could be those in the know who've heard "rumors" from a friend or perhaps been involved in considering buying into the bonds. However, if the deal is done and information is leaking why aren't we seeing the share price going up, as we're only 1p up since the rise when the RNS was released.

The wind up merchants are out in force today.... as I'm now being civil again I will respond accordingly...

Ammu123 we thank you for your valued opinion and the great insight it brings. On this board we encourage all views and an honest and open debate. Your post has given us pause to reflect on our thoughts and opinions on Tullow and weight up the pros and cons of this share versus Enquest. Without valuable contributions like yours we are unable to form a full picture and therefore, unable to make sensible and informed investment decisions. We thank you for your input and good luck with your investment ..... now f off back to Enquest.

At the moment we're the top FTSE 250 riser.... they're going to have a battle this afternoon trying to push this down again....

I'm not afraid to admit that I'm largely ignorant regarding the workings of the bond market and the hedging of oil. But I do see the fact that we now have people of this board who seem to know a lot about bonds popping up in the chat as a very positive sign. Followed my gut on this one since March last year and it hasn't let me down, even if at times it's tested my patience to its limit. I think this is getting really interesting. GLA ..... except Happy of course, unless he decides to go long :-)

"Rahul should have issued equity when he had the chance"

Why Happy.... so you can I say I told you so when you sold at 14p???

Please do me a favor and set your stop loss on your short to £1 .... come I dare you ..... I double dare you MF!

jj.. your last post has turned me ... I like you now :-)

You seem to know what you're talking about and I probably was too defensive of my precious Tullow when I responded to your earlier post.

Well I think we agree on some things and disagree on others. I agree with you that I think the deal will be done, however I disagree that "you will need some of the existing holders to roll over". A genuine bond hold would have no issue having their current bond paid and using the funds to take out a new bond which now is secured against the companies assets. Why would you turn down 5 more years of interest, unless you bought the bond to try force Tullow into default to capitalise on your short of course. But even they must know know that their plan to do that has unraveled and is just not going to pay off. There is enough money sloshing about in the financial system out there that it it doesn't matter and Tullow do not have to convince current holders of anything.

As to when to buy, that is for everyone to make their own choice. However, for me do you buy now or on the morning of the RNS at 8am when the price has already jumped 10 to 15% before the market has opened up to us plebs. I know what I'd choose, but am already all in so just watching and waiting.

Correct me if I'm wrong, but it doesn't matter what any of the existing bond holders think as Tullow is settling those using the new bonds. Also, they are going to be biased as I believe a significant number of the current bond holders actually bought the bonds to try force Tullow into default to make a killing on their short positions. This is clearly (in my opinion) not going to happen now so they are not happy and attempting a smear campaign.

My other point is all your quotes are from sources like "a source close to the deal", " added the first bondholder", "added the first bondholder" and "added the sell-side analyst". All nameless and none can be considered impartial.

Did you just wake up this morning and have an epiphany that compelled you to warn us of this doubt. What are the chances you can post a link from a reliable source to the "conflicting" reports of doom?????

Damn it....I meant 10% ....doh

Come on 60p......

I know :-)

2016.... you stand corrected....lol

Yes it's from 2016 and I quoted it to show Odey has history with Tullow (link to another article below).

https://www.google.com/amp/s/www.irishtimes.com/business/energy-and-resources/tullow-oil-may-have-the-last-laugh-in-2016-1.2907484%3fmode=amp

Stuart it is personal .....he got screwed shorting Tullow in 2016. Wants his revenge now but just keeps getting himself more screwed. Think Odey will be the last short to close and make the biggest loss.

https://www.independent.co.uk/news/business/analysis-and-features/oh-dear-crispin-odey-hard-times-flamboyant-hedge-fund-tycoon-a6945361.html?amp

"This year Mr Odey made bets against groups such as emerging markets fund manager Ashmore, miner Anglo American, oil firm Tullow and property group Intu. Unfortunately, all of these soared over the past month.

Tullow Oil is up 38 per cent, while Ashmore has risen more than 30 per cent. Anglo American is also up 26 per cent and Intu is 10 per cent higher – leaving Mr Odey well out of the money."

I wouldn't worry about Odey... every time they increase their short on Tullow the price goes up....

What is really interesting is this shown below from paragraph 1. Seems like they expect to get the financing raised within the next two weeks if all goes well. While 1.8bn may seem like a lot to you and me, I think it's chump change for the big boys as there's so much cheap money sloshing about. Some asset management company will probably borrow it off a government for 0.1% and reinvest it in Tullow for a return of circa 6%. Think they'll raise it without any issues and am really looking forward to that RNS!

"1. Subject to the satisfaction or waiver of the Financing Condition, the redemption date for
the Notes will be the later of (i) May 14, 2021 and (ii) if the Financing Condition has not
been satisfied or waived on or before May 14, 2021, one Business Day following notification
by the Issuer to the Trustee, the Principal Paying Agent and Holders of the expected
satisfaction or waiver of the Financing Condition, but in no case shall the redemption date be
more than 60 days following the date hereof (the “Redemption Date”)."