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Those numbers may be be inflated, the US is doing more testings.
Leaner and meaner is very generic, doesn't mean wanting to sell to Uganda at a 66% discount.
We can wait and get twice or triple the amount just by just waiting some months or a few years at most.
Or taking the CFA exams?
It will be more useful than patronizing on risks on this in this chat.
Debt to EBITDA is at 3 times earnings at $40 per barrel, at $60 is at 2 times EBITDA, unlikely to go below 5.0x EBITDA.
Uganda can be held. After I prove there is enough cash to pay debt without selling you come up with the liquidity test, RBL loves us and they happy to lend us more money, they have a long standing relationship with us, we meet their ratios and theu are good enough for them but semms is not good enough for you. you want to be more catholic than the pope, ok
And free cash flow from 2021 and 2022?
Why do you think Tullow can't hold Uganda for 2021?
We have more than $700 millions in undrawn facilities.
I love how you always have very strong opinions about everything even when you are not invested.
Such a try hard. Don't be so big-headed and show us how you do it!
Rally shareholders against the Ugandan deal.
Uganda sale is disaster, you haven't got a stake stop pushing for the sale.
Please people vote against the sale it won't be lonf until we recieve a better offer.
Don't let Total tread on you!
They intend to buy at a 66% dicount from their previous offer. 50% of Uganda's stake was sold by 2950 millions in 2011.
With that in mind our remaining stake could be worth between $1400 millions and $1900 millions (if we were to farm it instead of selling it we would even get way more) selling Uganda for just $575 millions is beyond stupid.
Tullow have to pay 300 millions in bonds by 2021, we will make around 1 billion in revenue and 400 millions in FCF this year alone
We have enough cash to hold 14 months without selling Uganda, we can hold until 2022 maturities come around and even then, we can refinance our debt instead of selling.
You already told us you were shorting the stock.
And no, outlook in the US is getting better not worse. Less deaths every passing day.
Keep holding those shorts though, until you get a margin call and you are forced to sell at any price!
That will be fun to watch!
We will do fine without Total.
Vote against the Ugandan deal!
No one can predict the market (unless you have inside information and are doing something illegal), technical analysis is like astrology, doesn't work, it makes more sense to me to treat shares as a business partnership and as a piece of the ownership and not so much as trading sardines.
If something is undervalued and you sell that something and that something goes up then you missed the train and you might not be able to catch it again at the same price. Shares go up and down is not going to be meandering between a support and resistance line forever, the share is undervalued and it will eventually catch up to it's value, might be next week or it might be a year from now but it will catch up. Also macro conditions are likely to improve (Covid and oil price)
When? I don't know but daytrading is not without a fee and selling is not without a risk.
Daytraders... ptfffff
what is a 30,000% return on Berkshire (from $11 to $300,000) compared to doing a 2.5% return and paying a 1% fee on the purchase-sale commision?
That's just one of their many projects.
Abandoned? What do you mean?
We have half of the reserves of Repsol and Repsol was valued at 30 billion (20 market capitalization and 10 in debt) could be valued at 15 billion (12 billion discounting debt) if we exploited our reserves. If we get a better price for Uganda you will be so screwed...
I am not in the same position as you are.
Business tend to produce profits over time, the longer I hold the better returns I get, the longer you hold the more fees you will have to pay for renting and shorting the stock, the more dividents (or internal growth rate) you will have to cover, time is in my favour and it's ticking against you and shorters like you. Please do hold your shorts, we will make money with you. Thanks, much appreciate it.