Member Info for BacchusII

Only a complete novice investor would want no hedging of oil and gas in, an Oil & Gas company, and even 10% would be too low. When 2024 comes Harbour will still be at least 30% hedged.

NO A NICE TRADE DIDN’T!
Go read some more about investing before you lose your shirt. It’s a UT = Uncrossed Trade (made up of matching buyers and sellers).

Er….isn’t that just a Holding Note for part of the transfer of EIG shares to an investor!

Very noble of you to potentially give your money to a good cause.

Just 270 shares today WTF

I hope the broker is going all out at under 350 pence and scooping up shares.
Going to the Oval to watch cricket, get drunk and will not come back on this BB until back over 400 pence.
GLA

Fine, let’s have a Shorter bonfire.

Just bought more of these at 50.42 pence with my log burner cash. I’ll freeze this Xmas rather than waste the opportunity!
GLA

No rhyme or reason.
Panic in the market creating buying opportunities for those with spare cash.
Sit this one out and wait for recovery.
Not selling below 70 pence so a waiting game.

Purchase as many as possible at below 425 pence will be a steal. Also, this will improve ratios and dividend. Great. But for the “Windfall” tax Harbour would be 600 pence!

Can’t see Tullow sweetening the deal as they have more assets with greater potential especially with a high oil price.

Tullow walks CNE tanks down. HBR gas production will keep prices lower for gas. Where is the growth for CNE?

I don’t think it will happen. Stay in this range 54 - 57 pence……then boooom!

I see Voleon Capital Management opened a Short in October 2020 of 0.5% steadily increasing that from late February 2022 to 2.11% on 17th May. So, they must be pretty upset that in 3 months their investment has turned sour.
:o)

Based on conversion rate Tullow should be 62 pence. So, something amiss here even considering Shorters moving out of CNE.
What is going to happen…..if you know you’ll be a millionaire!

CNE PI’s getting excited on their BB thinking a white knight is going to appear.
Lol :o)

Certainly disconnected from Tullow SP at the moment. However, that could be Short positions unwinding.
Pays yer money takes yer chance.

Both companies have similar Short positions:
2.60% for Capricorn
2.84% for Tullow
I think the enlarged company will be in a better position with Capricorn giving the enlarged company better gearing ratio than currently. All is good here.

Taking Tullow closing of 54.6 pence it equates to paying 207.85 pence per Capricorn share. Hardly a premium. Market CAP of Capricorn of £630 million and Tullow £790 million (or thereabouts). Tullow is buying Capricorn cheaply this way IMO.

This is a good deal.
Hold for LT investors.
GLA

SP is now tied to Tullow per allocation to new company and 3.8068 new Tullow shares Capricorn gets.