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How much equity is Tullow prepared to surrender to be 100% carried? I would say up to 30%. Keeping 20% would guarantee more than 20 thousand bpd from 2023-2024 onwards.
With oil at 80 and potentially shooting to over 100, I would not be surprised if takeover rumours resurface. Whoever strategic partner in Kenya might be, the same partner should be interested to buy the whole thing.
I wonder what kind of “in-depth” analysts was used by Capital Fund management when they decided to short TLW yesterday? I hope they get rely badly burned Andy GTF out soon.