I am quiet a short term trader sometimes way too much and I can see a move into the low 30’s soon. But I do feel with a 20% rise over the last two days a pull back to the 23’s is likely
Tullow don’t need to raise more money they have a 700 million pound credit line and have just sold their Ugandan asset for a billion dollars all in :-)
Kenya will be the next disposal if they want another 500 million dollars imo
Any bid would have to be higher than this level now imo. With 700 million of cash and credit line facilities the 575 million in cash from the Uganda sale plus ancillary payments. Kenya disposal a distinct possibility that this this is imminent and none of these impacting on the production numbers.
To me I think Total or Sammy will put in an offer in the very near future imo