Member Info for GrumpusLOL

Not so bleedin obvious that I never said I had sold out completely. I now have a foot in both camps. Win win.
So what makes you think I am worried?
The only thing I am slightly worried about is the future of the Board of Doves, but the cream always rises to the top.

CNE 220.4, Tullow 51.75, ratio 4.25 Tullow to 1 CNE.
Alternatively wait for 3.8 merger as recommended by the Board of Doves.

I have just sold CNE and bought 4.16 Tullow. No brainer.
Reading the negativity on both sides, has anyone realised that the 'synergies' means giving jobs to a BOD (Board of Doves) which was awarded 1.8 Billion dollars by an International Court of Arbitration, yet they settled for 1.06 billion.
Long term shareholders in CNE have seen no Indian money 'returned', just a completely incomprehensible lottery of a tender offer ( for people who wanted to exit fossil fuels anyway), and pathetic buyback scheme which was forever extending.
Yes, think about it. You want to give these people cosy jobs.

Being major shareholders, surely the Board of Doves have consulted them on their views.
No board would ever act against the wishes of their shareholders, it would go against the principles of business,. After all, the shareholders are the owners of the company, the Board are just puppets in place to carry out the owners best interests.
It may be part of a strategy we are not party to.
Then again, it seems to be a continuation of the masterclass in how to make a billion dollars disappear.
Or maybe it will lead to jam tomorrow.

Sold CNE and bought 4.16 Tullow. No brainer.

It ain't so common.
Maybe that's why big boys are pulling out.
3.8 Tullow shares will currently cost you 204.4p
The CNE price is hovering around 220.
Cheaper to sell CNE now and buy Tullow than wait for the merger.
Once again our board demonstrates how to destroy value and continues the masterclass in how to make a billion dollars disappear without trace.
Cracking performance Grommit.
Back on the Peloton bikes board members. PJ's on.
Jam tomorrow. Promise.

If there is a 57p raise per share I will go very quiet.
And invest elsewhere.
This should already have been returned as initially promised.
Just returned as a straight divi, no need for share consolidation.
Or mergers to cover up the squandering.

Dont worry about valuation fluctuations.
Remember our board possesses ruthless killer business instinct and will always act in the best interests of its shareholders.
Jam tomorrow.

An anagram of Tullow and Cairn gives us Tall Unicorn.

The merger intends to become dividend paying ASAP.

Now there's jam tomorrow.

Can you imagine it?
The Tullow HR dept asking Cairn BOD's ....have you ever been instrumental in bringing a case to Arbitration?
Cairn BOD replies yes but we refused to accept the outcome.
Thats the killer instinct required for business.

We cannot.
The II big boys have probably already been consulted and given it the nod, so bring it on.
With Tullow roots in Ireland and have a main office in London. Cairn evolved in Scotland. Whatever will we call the merged company?
UKOG? Maybe not.
Union Jack Oil? Maybe not.
Any other suggestions?
Could be fun.

Thanks for the link Whitehat.
It infuriates me to read that the merger (described on the Capricorn RNS as a merger of equals), is subject to approval by Tullow shareholders. No mention of Capricorn shareholders, as if the deal has already been signed on our behalf without any shareholder consultation whatsoever.
The first duty of any company BOD is to its shareholders. Anything less is gross dereliction of duty.
Gross dereliction of duty results in dismissal in most cases.

It would not surprise me if this was a continuation of the masterclass in how to make a billion dollars disappear into thin air without leaving a trace.
They are managing to do a pretty darned good job so far.
Just another delay tactic by desperate doves in my opinion.
It certainly will not be getting my vote if it ever gets that far.

Yes Darien, one is a producing oil company, the other is CNE.

While CNE has *returned* 600 million dollars to long term shareholders, this FTSE 250 company has performed significantly lower than Union Jack Oil which has almost trebled in price since Dec 21. Now that's a return.
I look forward to voting on this merger of equals whilst enjoying my returns.
Wasn't this quoted at one time as 57p per share?
What happened? Covid?

The masterclass in how to squander a billion and leave absolutely no trace of it is almost concluded.
Perhaps there is no Capricorn announcement due to fear of a shareholder backlash.
Jellyfish. IMHO.

The performance of this company continues to underwhelm.
I dont suppose anyone has photos of Board of Dove members at lockdown parties?

Absolutely any company can be regarded as a possible take-over target.
To think that way is pure fantasy. A possible escape tunnel. A last ditch last resort.
With recession punching us in the face and war over the horizon, what makes anyone think we are going to be any better off as a take-over?

IMO, we are witnessing a masterclass in how to squander a billion dollars and leave nothing to show for it.