Member Info for wokinpark

EC, never catch a falling knife and never sell until the SP has plateaud ! i'm waiting for 230 (if it gets there) but theres no harm in taking a price if you are comfortable with it. hindsight is a wonderful thing !

only if the SH's vote in majority for it ? it's not a done deal yet

hey Tman75, thanks for the post, us CNE SH's have always been "promised" jam tomorrow as one poster puts it. i see the logic in a merger from pooling b/d, oil and gas, debt and cash, streamlining operations ,etc. however do TLW and CNE SH's always want to be left with a jam tomorrow feeling ? as i said im in both but would be happier with CNE being bought out by Co X for its cash, its Egypt production, its deferred cash due from NS, etc and at present that would be higher than the TLW 3.8068 share multiple. i think 99% of the CNE SH's would want a SP 250 equivalent as a fair realisation and they do not have confidence in the existing CNE board to deliver that in the short term. anyhoo, we vote how we see fit and the merger will go through unless an alternative turns up.

we're not getting excited, just that the SP should be higher than where it is now and what will be will be. you'd want the same if you were a CNE SH.

230ish might be my exit point here depending on the velocity the SP has !
i have mixed views ont he merger, i have shares in both but i am not sure this is the right move for each co. i can see the logic of doing so but i would rather x bought CNE and y bought TLW.

from my limited intuition, its either the market thinks that CNE is worth more than that so an improved x TLW shares for each CNE share is in the offing or someone else also wants CNE and it is under-valued. good to see upward SP movement in any case

that an alternative M&A activity might be going on in the background ?
odd that the SP is 210 and TLW is down again

it will go to a vote by SH's but i think we know the outcome of that one

you will have 56000 TLW shares from before and 19034 TLW shares from your CNE holding = 75034 TLW shares post merger on todays announcement

where does the India production come from - should that be Egypt ?

Vinny, it is 199p and 3.8068 TLW shares for every CNE share

have CNE been told about the merger yet as still no RNS from them !

it might improve the CNE operations going forward esp. the use of surplus cash rather than the lukewarm share buyback programme

markets to decide (of course) but i assume there is a strategic fit for cash rich and limited oil/gas producing co to join a borrowing co with interests in Africa that are producing big amounts of oil and need funding to take on projects int he pipeline. could be win win but as i have shares in both will prob turn out to be lose lose !

Tullow have put the RNS out but not CNE yet.

good news, bad news, indifferent ???

taking latest info from site and buy backs:
BLACKROCK 35,329,062 11.1158%
MFS INVESTMENT MANAGEMENT 30,328,063 9.5423%
VANGUARD GROUP 14,212,163 4.4716%
NEWTYN MANAGEMENT LLC 14,200,000 4.4678%
DIMENSIONAL FUND ADVISERS 13,778,727 4.3353%
LEGAL & GENERAL INVESTMENT MANAGEMENT 12,139,895 3.8196%
BANK OF AMERICA 10,631,735 3.3451%

i thought the news was windfall tax was hitting elec generators ?

SP wise ?

9538 shares bought back yesterday. they are taking this ultra seriously then.

BLACKROCK 35,329,062 10.9782%
MFS INVESTMENT MANAGEMENT 28,071,994 8.7231%
NEWTYN MANAGEMENT LLC 14,200,000 4.4125%
DIMENSIONAL FUND ADVISERS 13,768,439 4.2784%
HOTCHKISS & WILEY 12,350,660 3.8379%