Share to Facebook Share to Twitter Share to Email App Share to LinkedIn African oil executive Samuel Dossou-Aworet has built up a stake of just over 7 per cent in Tullow Oil, taking advantage of as slump in the oil exploration group’s stock in the past five weeks. Mr Dossou-Aworet co-founded a pan-African exploration company called Energy Africa in 1994, which was acquired by Tullow Oil 15 years ago for $500 million (€448 million). The deal doubled the size of Tullow at the time, giving it assets from Ghana to Namibia along the west coast of Africa.
@Beatley - agreed. A takeover would be welcome at this stage to try and recover some value more quickly ... wouldn't have much confidence in the remaining exec. An outfit like Total should have the coin and operate in most places Tullow do already... what price for a takeout?
Seems a tad overdone in fairness, given they are still producing 70k+ barrels p.a. Think the debt is killing them ...they must be a takeover target at this stage - going to throw a few hundred quid at it to average down my 220p purchase price and hope someone comes in with even a lowball offer ... 125p anyone?
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BUY TLW by
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TLW is out of the woods debt-wise now and with oil not going down any time soon the outlook continues to improve for TLW, Fair value on a discounted cashflow basis is well above £3.
| 21:48:38 9 May 2018 |
PANIC RYA by
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Acceptance of dealing with unions in staff negotiations will harm Ryanair's ability to maintain its incredibly low cost-base which will shrink the bottom line and thus profitability. It will have to become more like a regular mainstream airline so its almost unique historical position will be no more...
| 12:40:45 15 Dec 2017 |
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