Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Tullow has operations mainly in Africa — in Ivory Coast, Gabon, Ghana, Kenya and Mauritania — and also in South America.
Capricorn has activities in the North Sea, Mauritania and Egypt, as well as Israel, Mexico and Suriname.
As super majors our selling smaller non-core assets around Africa(and the world). Both companies' bread and butter are in Africa. This is an opportunity to merge forming a larger entity that will have more sway across Continental Africa, it is showing that as a new company it is committing to Africa and has massive potential to expand in existing countries and other new regions.
For this reason I have good optimism on the merger. Imo.
Cairn is a company that has done some real dumb moves like sell off an asset that they poured almost a billion in for less then they invested. Now it is worth like 3 times what they sold it for 1 year later. Or settle with the Indian government for about half what they were owed and had them by the short hairs. Then take the money and start a share buy back at one of its highest prices. Or give a special kick in the nuts dividend to its shareholders that they had to pay taxes on and do a reverse share stock split at the same time that hurt!
The merger is a case the blind lending the blind but our CEO is the better of the two and new CFO this is what he has been brought in for with Kirk ousted.
Slowly the veil is lifting.
Cairn is a company that has done some real dumb moves like sell off an asset that they poured almost a billion in for less then they invested. Now it is worth like 3 times what they sold it for 1 year later. Or settle with the Indian government for about half what they were owed and had them by the short hairs. Then take the money and start a share buy back at one of its highest prices. Or give a special kick in the nuts dividend to its shareholders that they had to pay taxes on and do a reverse share stock split at the same time that hurt!
The merger is a case the blind lending the blind but our CEO is the better of the two and new CFO this is what he has been brought in for with Kirk ousted.
Slowly the veil is lifting.
Do we see the share prices following each other now that this has been announced
Do we see the share prices follow each other now this has been sprung upon the PI,s?
Tulicorn
Production in 2021 of 96,000 boepd would make it one of the largest listed African exploration and production companies. The aim would be to reach 120,000 boepd by 2025.
Both boards have backed the plan, for which the companies said there was a compelling strategic and financial rationale.
The aim is to complete the deal in the fourth quarter of this year.
There s nothing quite clear with this company
https://www.energyvoice.com/oilandgas/north-sea/417093/north-sea-windfall-tax-17-5-billion-agcc/
The company would have a plan to pay a base dividend of $60mn. Tullow said it was currently unable to pay dividends but would plan to carry out a capital restructuring to achieve this policy.
Thoughts??
Thursday 17.59 post. :)
Posted that yesterday ??
VANGUARD HOLDINGS
TULLOW:63,684,712 (4.43%)
CAPRICORN:15,177,405 (4.80%)
PUBLIC DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT COMPANIES REPRESENTING 1% OR MORE.
Rule 8.3 of the Takeover Code (the “Code”)
VANGUARD HOLDINGS
TULLOW:63,684,712 (4.43%)
CAPRICORN:15,177,405 (4.80%)
PUBLIC DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT COMPANIES REPRESENTING 1% OR MORE.
Rule 8.3 of the Takeover Code (the “Code”)
https://www.hl.co.uk/shares/share-research/202206/tullow-proposed-merger-with-capricorn-energy
PoO is about to go south called 375 on Friday sentiment is downwards
@L3Trader great post and break down