Member Info for Krakenoil

What will Ed have to say about this

https://www.bloomberg.com/news/articles/2024-12-10/wind-slump-pushes-uk-power-prices-to-highest-in-almost-two-years

PMO was a nasty one for me, the CEO jumped ship just before the company almost collapsed

Lost a fair chunk when that happened

Yes I’ve not had the best run with any oil company to be frank and that’s why I’m hesitant

You live and learn

Anton I will post whatever I like, If you don't like it then just filter me.

I take it you are underwater and feeling the pain, but that's no one else's fault other than your own.

The facts are:

Tullow has a massive debt pile to pay back with low FCF due to low oil prices and the interest on the debt is massive.

The Bond values are falling due to the increasing risk of above.

Producing fields are declining and will need replacing down the line.

The CEO has bailed out.

A merger would benefit and strengthen the company.

Holding Tullow stock is a gamble but I wont be buying just yet until we know why Rahul jumped ship, smoke and mirrors at the moment.

I remember the days when Tullow had a market cap in the £Billions

Anton why would I not be interested I have held Tullow stock many time over the years and I may invest again in the future.

All I'm saying is the Bonds are at a considerable discount to par so there has to be something behind that otherwise they would be sittings around 100.

We have to look at all the risks and understand them before we make investment decisions.

Or would you rather put your head in the sand and hope it goes away ?

Picket increased their short on 5th and 6th on back of Rahul rns, Something doesn't add up as the bonds have taken a big dip over the past few months, even dropped a little yesterday when the SP went up 10%

Strange.

Usually the value of the bonds reflect risk

Net zero want the MOD to make electric tanks and battle vehicles. Do these nutters think we can shout stop stop stop during a battle and ask the opposition to wait 12hrs why we recharge !

http://digitaleditions.telegraph.co.uk/data/1907/reader/reader.html?social#!preferred/0/package/1907/pub/1907/page/7/article/NaN

Hi Ron,

You should stand up and ask "Why are we not supplying Europe with oil and Gas rather than them having to rely and pay $billions to Russia for it and in turn funding Russia's war machine"

AB's average has to be around the low 30's

This must be played in the commons

Anton don't you want a merger with another company then ? It would do wonders for Tullow.

Anton No I'm not invested here but I there is a slight possibility of a takeover here and that does interest me.

If the company is bought out it could be split up or it may be bought out by more than 1 other oil company and that could include companies I have interests in.

The bonds may be difficult and more expensive to refinance in the current market

I don’t believe that 2025 will be slightly better than this year but we need to raise our production and make use of our tax credits otherwise we cannot move forward in reducing our debt burden

If we want a higher SP and Shareholder returns we need to get to around 60k daily production by this time next year. The cost of the debt is massive and that cost should be in our pockets not bond holders pockets

Bluemoon - please look at the link below. You can see the bonds

https://www.luxse.com/

Both bonds looks stressed just look at their price movements

Could EnQuest be lining up Tullow for a Takeover ?

Looks like Tullow have given there ceo his p45 without a replacement

US Hitting new production records is just mad when OPEC are trying to balance the market with big cuts.

I can see another market share war again - why do the US always cut their own noses off - Fracking idiots

When you said we should see 11.75p this morning did you actually mean 10.75p ?

We aren't attracting new shareholder at the moment its as simple as that.

Being mugged by this government and FCF of next to nothing isn't attractive to any investor but Once AB can get a deal over the line and make better use of our tax losses then we'll see daily volumes increase along with our SP