Fidelity SPDR Advertisement
Home > Boards > US OTC > Delisted > Addax Petroleum (fka AXC)

Minnesinger: Tullow is in the distribution (downstream) business

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
sneak-attack Member Profile
 
Followed By 17
Posts 1,831
Boards Moderated 0
Alias Born 04/01/06
160x600 placeholder
U.S. Stocks: Futures Flatten As Fed Day Arrives
U.S. stock market futures stuck to the flat line on Wednesday, as lingering nervousness over the conclusion of the Federal Open Market Committee meeting was balanced by news that China's central bank has flooded its lenders with liquidity.
Top Equities Stories Of The Day
Hong Kong Stocks Snap Losing Streak On Liquidity Boost
China Foreign Direct Investment at Four-Year Low -- Update
Ricardo Salinas to Buy Televisa's Stake in Iusacell
Americans Support Striking Islamic Militants, Poll Shows
Citigroup Releases Mid-Cycle 'Stress Test' Figures
U.S. Steel Canada to Seek Creditor Protection
U.S. Hot Stocks: Hot Stocks to Watch
U.S. Livestock Futures Prices Mostly Lower On Demand Caution
sneak-attack   Thursday, 10/03/13 07:35:15 AM
Re: Minnesinger post# 1609
Post # of 3424 
Minnesinger: Tullow is in the distribution (downstream) business with its gas sales. I do not know if somehow that would qualify them as Intergraded, but ERHE is operating in Africa and the official definition of a term does get fuzzy.

However they at present do not engage in oil refinement. One only has to look at Uganda to realize what the stumbling block is to the 1.8 billion barrels of oil they have discovered, It is oil refinement. Almost all of the governments of Africa that do not engage in oil refinement are now demanding that some of the oil that is extracted from their land be refined at home. They want Tullow and it partners to build a $1.5 billion dollar oil refinery for domestic consumption and regional distribution.

Nothing in Africa is as it Seems, including some press releases and official spokesperson statements (dancing around the issues).

So if the analogy of Intergraded as explained by Danny Boy is correct, then Tullow in most peoples eyes would not qualify and should be considered a long shot at best for the race for a viable partner before money and stock options run out.

JMO
Sneak

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist