George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The guy has strong links with Total..... to be precise from Elf years before it was acquired by Total Fina. A lobbyist for Elf in multiple business in Africa and in Venezuela in particular.
African French lobbyist pay attention !
Samuel Dossou-Aworet plays a major role in the oil and gas sector in Africa. He strongly believes in a panafricain vision [3] to develop Africa with both indigenous and international players.
In 1992, Samuel Dossou-Aworet founded Petrolin, a company he created in London in 1992 and which has been headquartered in Geneva Switzerland since 1993. Petrolin is now in multiple countries in Africa.[4]
In 1994, Samuel Dossou- Aworet approached Engen Petroleum , a predominant south African oil company, to form Energy Africa, the first pan African exploration and production company traded in the Johannesburg stock exchange. Ten year after its creation, the company was acquired [5] by Tullow Oil, doubling [6] the British oil company size in the process. Since, Tullow had successful endeavors in Africa namely in Ghana with the Jubilee Oil Field
In 2012, a joint venture including Dossou's company Petrolin Trading Ltd. acquired 45% participating interest held by Shell, !!!!Total!!!! and Eni in Block OML 34 [7] in Nigeria via an international invitation to tender. ND Western Limited, the new independent Nigerian oil and gas exploration and production company won and Samuel Dossou-Aworet became its Chairman and main shareholder. [8][9].
Position in TLW above 7%.
https://en.wikipedia.org/wiki/Samuel_Dossou-Aworet
Tailwinds from oil.
Price above Saudi Attacks day.
Current company's appraisal model indicates that it has a BETA of 1.75 regarding oil price.
It is very important for investors bidding for higher oil prices as for each increment of $1 (1.6%) in BBL you get circa 2.8% increase in TLW share valuation in other words, each 1% in oil price represents approximately (not linear) 1.75% in the share.
The same can be stated if oil price decreases however TLW is undervalued and currently discount oil price for $47 bbl when spot is $60 currently.
Reversal will be epic here!
Pullback looking for volume with stop losses.
Big guys buying.
Amazing what i read here.... a person with 10 months on duty, no fck’n idea about oil & gas production sends a company with just one incomplete guidance from 140 p. to 35 p. producing panic among investors with wrong Free Cash Flow calculations (They include interest expenses for $200m when FCF definition excludes financial flows) so investors thought that the company was unable to pay loan interests.... panic ... the next we all know.
Noe CEO is out and very valuable for bidders..... this chairwoman is days to be out...takeover approaching has to be communicated to market even if this skinny board doesn’t agree.
Yes she is genius 75% down in few hours )))....but genius for the next owners. Even paying her for that she couldn’t do better.
It is funny Goldman announcing TP 87 p and takeover rumor 90 p. ..... Genius !
Dark_Knight2020: That's is not applicable to voluntary offers and mergers unless the offer is to make company private.
These guys own 3% stake in Tullow and they need to buy strongly to keep a decent average or they will lose a lot o money in case of the rumored bid take place.
Ones expecting to see share coming back to 150 GBX need to expect oil price $75 or recovery in production to recent levels 90000 boepd..... with current guidance it is not possible guys !
The chairwoman should explain things better, she is not informing properly to shareholders and they got panic.
Why ?.... you can imagine or wait and see.
bluemoon71: I read some posts from you yesterday assuming that Free Cash Flow includes debt repayments which is absolutely false.
There are different interpretations for Free Cash Flow, usually Cash flow from operations - CapEx . Others as is the case for Tullow Cash flow from operations - Capex - Interest Expense.
So they only include Interest Expense not any debt repayments/drawdowns.
It is why they consider FCF $150m that are more than enough to repay debt 2021 ($300m)...2022...($650m) and 2025 ($800)....total $1750m with FCF generated $350m (current year) and 6x150 ($900m) from 2020 to 2025... total $1250,
2021 debt for $300m are convertible bonds so they could convert debt into shares or use more loans from RBLs (Resource Backed Loans) for $1 billion they have available.
So no concerns for debt issues which is not the issue right now because bidder will takeover debt and issue new one with lower cost of debt (which is very high for Tullow btw).
There is no new CEO neither company is looking for somebody.
They don't need.
Company to be acquired in weeks.
Price 90 GBX
Probably 100 GBX or book value after assets impairments for $1 billion if reserves are ok with due diligence.
That's all folks ;) !
RNS about M&G reduced holdings from 5.86% below 5% on 9 December day of the big drop.
Institutionals are ready to accept a low ball bid 90 GBX as rumored.
Why do you post this ****?
It has nothing to be with Tullow Oil and it was released during market open.
)))))))
Tomorrow a beautiful gap up to 60 GBX leaving bullist reversal island.
Moody's
Total A2 --> 0.96%
Repsol Baa1 ---> 1.8%
TULLOW B3 ---> 7.3%
Currently Tullow net interest expense is $210m which represents circa 7.2% cost of debt ($3b net debt)
Synergies from interest expenses savings for Total ---> $190m
Synergies from interest expenses saving for Repsol --> $162m