Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Keeffe2387
What will you do if light oil is found in Guyana and Tullow opens at 80p or over a pound?
Do you think your stop loss will still work?
Do you think that shorting Tullow is risk-free? You are shorting at an historic low a share that was once valued at 10 pounds!
Could be wrong but I highly highly doubt we will see negative oil prices again, SA can't afford it.
Not politically nor economically. At $35 per barrel we break even. Can't wait for Tullow shares to surpass 35p. I wonder what is the stop loss of the rest of the shorters.
If I were to speculate and bought massive amounts of shares in a short period of time I would be having a blast at the expense of shorters like you.
$575 millions are just £460 millions, (£400 millions at the sale, £60 millions at FID) a joke!
I am not so troubled about the short term as I am about the sale of Uganda.
I don't expect market participants to be rational specially in the short, but I do expect that when everything is clear (after 2025) there are no clouds (asuming we don't sell Uganda for $575 millions) no bonds payments are due, and no corona and oil price is at $70, $80 we will see the shares valued at a fair price.
Tullow is better off, we have more hedges, more reseves and more assets, Tullow's shares are worth more than PMO's shares and should be priced higher than PMO (shoulda, coulda, woulda, ...). Tullow is undervalued, I don't know about PMO.
Those rumors about PMO might just be that, rumors.
That's is only applicable to the smaller companies that want to sell their assets and a discount, Tullow's shareholders haven't spoken out yet!
I am certainly not selling at 30p and I will certainly be voting against the Ugandan sale.
If they bid well SP will go up and they bid maybe is because there is value in holding Uganda.
Uganda reserves are worth more than Total's offering.
Until 2022 and if we get a loan to refinance our debt we can delay the sale until 2024 or 2025, if we can double the sale price (more than likely to triple) interest payments won't be a problem.
But holding Uganda to farm the property or holding Uganda for sell it at a better price for a better offer (at least a decent offer) in a near future is way more important for the value of the share.
Then vote against the deal!
Assets have had to go up since March. Oil prices have more than doubled.
It shouldn't be hard to find a better offer from other buyers, Screw Total!
They can shove their sh*tty offer where the sun doesn't shine!
Refinance debt!
Get a decent price!
But holding Uganda will.
Not required, RBL was already predisposed to lend us more money the requirements of the RBL were lower than our currents, we still have $700 milllions undrawn and they are and they were willing to lend us more than that.
We don't need to sell next month we can still hold.
aka selling at a loss
Was Tullow's board of directors decision, not something imposed by RBL
Where did you read that the RBL demanded the sell of Uganda? Or that they were satisfied? This is the board's decision and the board's decision alone, shareholders haven't said the last word yet.
The RBL was satisfied with the Uganda deleverage and agreed to cover the $300M due for repayment in 2021.
Where did you read that RBL was satisfied? I don't swallow it. Ugandan sale only covers 1/5 of our debt and represents half of our reserves.
Is the least i can do, at least I feel better. If I kept it to myself and do nothing about it I would feel worse.
And the offer from Total is so bad that I don't what to exppect from the vote.
Holding Uganda for a better deal.