Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Looks like Vanguard has sold 43,547 shares in Tullow on Wed 1st after the announcement of the deal and are just updating the market as per the takeover code where anyone owing 1% or more must notify their interests in both parties if they have them.
I don't know why that transation couldn't have been included in the previous day's Form 8.3, maybe they have to disclose their position as it was before any announcement then again with any subsequent transactions.
ATB
Not expecting any progress on Kenya. We could be back under 50p by Friday.
https://www.forexlive.com/news/icymi-opec-agreed-to-boost-production-but-they-cant-20220506/
We should prepare for bad news on Kenya, either no strategic partner or a deal on unfavourable terms. Potential partners know Tullow is under pressure to make a deal after getting the extension so they have the whip hand.
They've been looking for a SP for months and still no news. Why has it got to go to the wire?
In this oil environment it should be easy to secure another partner.
Revised odds of 10% before 10th May as that date was only mentioned by AfricaOil. Tullow declined to set a deadline as stated in their last webinar.
Mid 40s very possible, remember this is tullow.
20%
As long as it doesn't go to 38.5p, that's my close out level and wipe out. I got everything in this.
Almost certainly, as I've just recently gone in big and I usually get it wrong except for the few occasions when I get lucky as with Tlw.
For what it's worth......
https://www.fool.co.uk/2021/12/10/2-dirt-cheap-uk-shares-to-buy-for-growth-in-2022/
Something's def. happened, this is bad even for tullow. Mid 40's coming again soon.
See RDSB, 2 AH sells for £37m at the same times- Very Strange.
Could be a while if the pipeline is crucial to the development. It seems there's still a problem acquiring land.
https://allafrica.com/stories/202109280868.html
I know we're all hoping for a good outcome in Kenya which may transform the share price. SB thinks so and that has encouraged me to hold on with Tullow. However does anyone know what will happen if there is no deal by the end of the year? Will Tullow lose their licences and if so, will that make Kenya a liability with only decommissioning costs to look forward to. Does no licence mean nothing to sell or farm down. Perhaps the Kenyan Govt. would prefer a bigger , more financially secure player to be involved 100%. Could they deliberately stall the talks to that end?
Brent $75.4 July 31st,
https://oilprice.com/oil-price-charts/46
Tullow sp 44.84p July 31st,
https://uk.finance.yahoo.com/quote/TLW.L/history?p=TLW.L
In the past tullow would have fallen below 40p on that poo decline.
Over to Jub to answer that one, too complicated for me with all the collars, puts etc but perhaps the market is now realising tullow is in a good position if Poo were to fall more. The sp has been quite resilient for the past few days since the oil price fall from the start of Aug.
Well I think brent will see $75+ before <$65.
Hope I don't jinx it but so far the tullow sp is holding up well considering the oil price fall. In the past we would have been hammered on a day like this. Bodes well for the future as Jub said, oil prices won't stay down for long.
Odey reduced slightly again yesterday,
ttps://shorttracker.co.uk/company/GB0001500809/
Uni,
july 14th for the trading update
"Man. If these goes to 16 pounds. I think a lot of us here would become millionaires"
113.1p would take me there with everything thrown in including the change in my pocket.