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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tullow Oil Plc | LSE:TLW | London | Ordinary Share | GB0001500809 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.44 | -1.20% | 36.08 | 1,063,589 | 12:38:57 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 35.82 | 36.02 | 36.72 | 35.90 | 36.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 1.63B | USD -109.6M | USD -0.0754 | -4.79 | 524.65M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:52:48 | O | 15,000 | 35.9936 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/4/2024 | 16:15 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 08/4/2024 | 15:45 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 02/4/2024 | 10:00 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 27/3/2024 | 16:20 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 25/3/2024 | 12:41 | ALNC |  IN THE KNOW: Tullow Oil to reap rewards of past investments, BofA |
| 21/3/2024 | 17:42 | UK RNS | Tullow Oil PLC Replacement - Notice of AGM |
| 21/3/2024 | 14:00 | UK RNS | Tullow Oil PLC Annual and Sustainability Report & Notice of AGM |
| 14/3/2024 | 11:00 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 11/3/2024 | 11:00 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 06/3/2024 | 09:53 | ALNC | Tullow Oil profit and revenue down on lower oil prices |
Tullow Oil (TLW) Share Charts1 Year Tullow Oil Chart |
|
1 Month Tullow Oil Chart |
Intraday Tullow Oil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/4/2024 | 09:44 | Tullow Oil PLC - Poised for a Takeover? | 59,837 |
| 08/4/2024 | 07:38 | TULLOW OIL | 4,355 |
| 21/10/2022 | 15:22 | The All New Tullow Thread | 326 |
| 09/9/2021 | 20:38 | Tullow | 58 |
| 04/3/2021 | 09:53 | TULLOW OIL - worth another look? | 4,388 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:52:48 | 35.99 | 15,000 | 5,399.04 | O |
| 11:52:08 | 36.01 | 25,000 | 9,001.84 | O |
| 11:42:02 | 35.90 | 2,144 | 769.74 | O |
| 11:37:49 | 36.02 | 1,381 | 497.44 | O |
| 11:37:49 | 36.08 | 8,096 | 2,921.04 | AT |
| Top Posts |
|---|
Posted at 26/3/2024 00:11 by up just a little bit Despite the historical losses TLW is undervalued given the write-downs and the upcoming production as analysts have said shows considerable upside from the current price. TLW at this level is a buy with considerable upside. I fully appreciate the losses that many holders have who loaded up at much higher prices but there is a recovery to be had. If getting in now there is a good play to be had. |
Posted at 14/3/2024 16:31 by xxnjr The trouble with the new scheme "LTIP" as far as I can see is that it actually benefits the CEO to keep the share price low now. I'm not an expert but this seems to be how the new scheme works. (See page 76 onwards of 2022 Annual Report)For illustrative purposes, assume Base Salary: £600K. TLW LTIP Bonus: 400% of base = £2.4m (split 150% cash/250% stock options) 250% of £600K = £1.5m in share options granted at todays SP £1.5m/£0.275p = 5,454,545 options. (Rahul was actually awarded 5,549,057 meaning the nominal face value was £0.2703p) Had the share price been 75p today, the CEO would only have received £1.5m/£0.75 = 2m options. So by keeping the share price low, it appears the CEO gains more shares? Todays rns then describes the award as "NIL" cost? Anyway let's assume the share price gets to £1. Todays CEO options grant would then be worth £5.5m Had the share price been 75P today and reached £1 the 2m award options have been only worth £2m. So afaics it's actually better for the CEO to keep the share price low now!!!! I've already complained about the appallingly awful presentation our CEO gave at results.The result being share price fell and guess what? CEO appears to gain even more shares? As I said I'm not an expert. Maybe I have this wrong. What do you guys think?..... |
Posted at 06/3/2024 08:22 by hojjat I won't be surprised to see share price above 60p.TLW share price was over 120 when debt was over $4bln. |
Posted at 06/3/2024 08:20 by hojjat They reduced cost and increased production.Oil price was $77 on average. Both production and oil price has been rising since the start of this year. Even 100000 bpd was achieved. Share price should be much higher than this. |
Posted at 22/2/2024 17:18 by xxnjr TLW share price Performance 1331 days: -3p/shareNvidia Stock Performance in first 90 mins trading today: +$102/share |
Posted at 22/2/2024 16:33 by xxnjr It has been a shocking performance. Rahul has been in the job 1,331 days nowOpening price on Day 1: 31.5p Closing Price on Day 1331: 28.5p Despite joining a company with (1) a completed decimated share price at the time of appointment and (2) the immense luck of having very high oil prices for most of his tenure not one cent of value has been added to the company. This is why I've recently alluded to the possibility that Rahul may get bored and move on. Don't laugh but his 9m options awarded on appointment are capped at £5 a share. Had the share price reached that level Rahul stood to make a cool £42m b4 tax. Getting back to £5 seems quite unlikely to me. The prize our CEO was anticipating is no longer obtainable. |
Posted at 06/2/2024 15:01 by xxnjr You never know our CEO may just get bored and fire himself ;-)Probably not though as Rahul currently has 17.8m (potentially 19m after next AGM) shares or stock options. Bought with own cash 11/5/2020 1.346m at 26p = £350,000 20/6/2023 0.361m at 28.5p = £103,000 Total cost approx £450,000 Options awarded on appointment 3m at Nil Cost 3m at 0.2566p 3m at 0.5132p (all 9m vest 1/7/2025) Bonus Awards as part of annual compensation 2020 TIP 319,316 shares at 54.76p face value 2021 TIP 1,104,269 shares at 54.95p ditto 2022 TIP 1,104,269 shares at 32.45p ditto (As part annual bonus awarded in shares, not cash) In summary The own investment of £450,000 although up hasn't performed well. The 9m stock options aren't performing well (only real value at current share price is in the 3m Nil cost). The 2020 and 2021 bonus shares have lost 47% of their face value. The 2022 bonus shares have lost 10%. Don't really understand the new LTIP but Rahul received another 4.6m Nil Price shares under that at approx 27.5p face value Conclusion Our CEO really needs to get the share price north of 60P. Or fire himself. |
Posted at 24/1/2024 12:04 by sarkasm Tullow gears up for profitability boost at core assetsCompany plans to pause drilling until 2025 as it prepares for new investment cycle in Ghana and Kenya 24 January 2024 8:46 GMT Updated 24 January 2024 10:45 GMT By Vladimir Afanasiev UK-based independent Tullow Oil has promised to achieve healthy cash generation this year from its operations at oil assets in Africa following lower capital spending and the expiry of some old hedges that capped the sale price of its oil well below the market. The company said in its trading statement on Wednesday it estimates to achieve free cash flow between $200 million and $300 million in 2024 against $170 million last year, based on an assumed oil price of $80 per barrel. Tullow explained that the exact cash flow amount it aims to achieve will depend upon contractual arrangements to determine the timing of payment for 18 to 19 cargoes from Ghana that are expected to sold during the year. Better cash generation will come as Tullow and its partners plan to take a break from drilling in Ghana while the existing well stock upholds production at the Jubilee field, and the decline at the Twenboa-Enyenra-Ntom Tullow has projects in Ghana and Kenya. Tullow share price boost after deal with Glencore — but Kenya concerns remain In its latest update, Tullow has penciled capital spending of $250 million this year, 60% of which allocated to Jubilee and 25% to non-operated assets. The capex for the year is markedly lower than the $380 million of spending in 2023. Drilling activities in Ghana are expected to resume in 2025, and the procurement process for a new rig will be started this year, the company said. Tullow’s working interest production in 2024 is expected to average between 62,000 and 68,000 barrels of oil equivalent per day, including about 7000 boepd of natural gas, the company said. Last year’s working interest production averaged 63,000 boepd, including about 6000 boepd of gas produced at Jubilee. The company said that its extensive hedging portfolio caps about 60% of forecast sales volumes at a weighted average price of $58 per barrel throughout the year. However, about 20% of sales volumes have been capped at a weighted average of $114 per barrel for the June to December period of this year, which is way above the current market price. Tullow Oil well glitches in Ghana impact production - remedies at hand Tullow also anticipates material uncapped exposure to the international oil price upside from June onwards, once legacy hedges expire. UK-based Investec Bank said that Tullow's statement “reflects a steady operational year alongside an impressive year of debt reduction and balance sheet restoration. Importantly, the company is on track to strengthen its balance sheet, will continue to ramp up its free cash flow profile with organic growth, and is well positioned to be a low debt company by 2025”. |
Posted at 08/1/2024 16:59 by xxnjr Rahul has been in the job for 3.5 yrs now hasn't he?. Depending on your point of view you could either say he's done ok (no more than that) or he hasn't delivered.I reckon he's done ok (no more than that) as he successfully reset the strategy; i.e no or little exploration, concentrate on producing assets, invest in JSE, lower capex and opex etc, achieve high production uptime and reduce debt. I also reckon he hasn't delivered that which was projected or inferred!!!! Despite the luck of having >$80 oil for much of his tenure the share price is more or less what it was when he took over on/about 1st Jul 2020 when Brent was only about $40/bbl. can't believe 3.5 yrs has passed and can't believe share price is more or less the same!!! His Capital Markets Presentation suggested production would be between 64K bopd and 80Kbopd for 10 yrs starting 2021. That's not going according to plan 2021 59.2K bopd 2022 61.1K bopd 2023 c.57.5K bopd (at a guess) And don't forget we bought 'another 5K bopd' from Anadarko/Kosmos pre-empt in 2022. Without that the numbers would look even more dire. And let us not forget we used to produce at 75K to 90K bopd in prior years. Then he told us TEN was a 45K bopd oil field with 'infill and defined projects'. Then he told us 2 TEN N'tomme Riser 'Development' wells were being drilled. The 'development' wells failed to find the commercial oil that was already booked somewhere as 'Reserves' or 'Resources' resulting in a $391m impairment that year mostly down to TEN. TEN today seems more like an 15K to 18K bopd field. 1/3rd of Rahul's projection for oil production. Then he told us we were taking over Capricorn Energy. That didn't happen because the offer didn't fairly value the target. Then he told us JUB/JSE would produce at an average of 95K to 105K bopd over 2Q23. Then on two separate occasions he told us JUB/JSE was producing at 107K. He didn't tell us (until later!) water injection issues meant production was 10K bopd short. I won't mention Kenya. I won't mention Guyana. I won't mention Namibia. I won't mention farm outs not materialising. Even with not mentioning those it's pretty clear that (so far) Rahul's impact has been significantly less than his own projections. As a shareholder I would really love to be able to say something hugely positive about the future but after 3.5yrs I'm still waiting for evidence of a production lead turnaround! |
Posted at 27/11/2023 18:05 by xxnjr 8/9 "Switched to PFC" share price was 77p10/10 "PFC looks good as a energy investment" share price was 72p 21/11 "Added PFC today" share price was 37P 22/11 "Money moving to PFC" share price was 36p 27/11 "money moved to PFC" share price now 32p Thanks for posting blackhorse23. Glad I stayed in TLW and didn't "follow the money" to PFC but good luck with that one. |
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