Acamas
To buy TLW:LSE, Tullow on the LSE requires GBP.
To buy TUWLF:US, Tullow on the US market cost $US. At present TUWLF is slightly cheaper in $US having gone down 4.561% but the arbitrage people tend to keep the prices much the same as the exchange rates vary.
The Chinese are thinking of selling all their $US in favour of stronger currencies.
I think the almighty dollar is no longer the curreny of choice and world trade in commodities which have traditionally been quoted in $US may give way to quotes in Euros one day or maybe Yaun or Rupees?
Oil at $98/bbl hasn't changed all that much in A$. The American people are suffering but it makes little difference to Australians.
I think takeovers are driven by factors other than exchange rates.
Complex
International contracts have traditionally been written in $US which I have always regarded as questionable. They should be written in the currencies of the countries involved.
A contart between an Australian company and a Japanese company sould be written with values approximately 50% in $A and 50% in Yen with annual adjustments for changes in exchange rates.
HDR
hardman resources limited
