Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +5.10p +2.41% 217.00p 216.40p 217.00p 218.10p 208.40p 211.00p 7,960,759 16:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,028.4 -735.6 -53.3 - 2,997.86

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Date Time Title Posts
24/4/201713:42Tullow Oil PLC - Poised for a Takeover?28,979.00
01/4/201723:24L2 - Observations, comments and screenshots48.00
10/3/201713:24Tullow Possible Bid Approach Rumours 10.3.17. Discuss 1.00
14/11/201413:53TipTV: Tullow Oil - Risk of Support Test-

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Tullow Oil (TLW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-04-25 16:14:43215.0050,000107,500.00NT
2017-04-25 16:13:28212.85300,000638,550.00NT
2017-04-25 16:02:38214.891,6843,618.78NT
2017-04-25 15:54:05215.2857,100122,922.26NT
2017-04-25 15:48:36214.902,2754,888.91NT
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Tullow Oil (TLW) Top Chat Posts

Tullow Oil Daily Update: Tullow Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TLW. The last closing price for Tullow Oil was 211.90p.
Tullow Oil has a 4 week average price of 195.50p and a 12 week average price of 192.10p.
The 1 year high share price is 352.10p while the 1 year low share price is currently 181.10p.
There are currently 1,381,504,507 shares in issue and the average daily traded volume is 11,863,594 shares. The market capitalisation of Tullow Oil is £2,997,864,780.19.
walbrock82: For those who want to know how Tullow Oil Rights Issue affects their shareholdings. The primary purpose is to understand the calculations from two shareholders’ perspective. (P.S. The illustration below is written a week ago, since then the shares been declining.) For a compelling illustration of the Rights Issue, I will use two imaginary shareholders of Tullow Oil. Investor A bought the shares at £8.32/share. Investor B took advantage of the big decline and bought in at £1.60/share. Both shareholders hold 10,000 Tullow in their portfolio. First, the initial investment. Investor A paid £83,200. Investor B paid £16,000. Spot the difference! Both investors are buying the Rights Issue and selling it in the market. P.S. I am going to £2.29/share (13/04/2017). As they have a similar number of shares, both investors are entitled to the same amount of Rights shares. The Maths: - 25 for 49 Rights mean you get to subscribe for a further 25 new shares for every 49 shares held. Take 10,000 shares and divide by 49, then multiply by 25. (10,000 ÷ 49 = 204, then 204 x 25 = 5,102 shares) At £1.30/share, you pay £6,632. After the Rights, both investors would see their shareholding rise to 15,102 shares. Also, it means the initial investment increased by £6,632. So, Investor A paid £89,832. Investor B paid £22,632. Selling the Rights for £2.29/share means both would earn a profit of £5,051. However, the returns are different for both investors. Investor A earns 5.6%. Investor B makes 22.3%. Keeping the Rights If both investors keep their rights, what would be their breakeven price? Investor A: £89,832/15,102 = £5.95/share to break even. Investor B (not breakeven, since the shares rose): £22,632/15,102 = £1.50/share. What if the shares got back above Investor A, (initial purchase price) of £8.32/share? How much would investor A makes if Tullow’s shares rise back to the original breakeven share price? Answer: £8.32/share multiply by 15,102 shares = £125,649. Minus £89,832 means £35,816.64 profit. For more calculations and explanation on Tullow Oil’s Rights Issue, click here:
walbrock82: (P.S. All data got converted back to British Pounds.) The company has been through a rough three-year patch that saw long-term shareholders lost all capital appreciation dating back to 2006! Recently, Tullow Oil asked its shareholders to fork out $750m in a Rights Issue at a discount of £1.30/share. Is this the turning point for Tullow and a change in fortune for its shareholders? First, Tullow’s shares didn’t initially fall because of collapsing oil price. It fell because operating profits collapsed to £245m in 2013 from £700m, along with large capex spending in the future. But declining oil price did exacerbate the shares lower by another 60% from £6-£7 per share. To explain my answers in a concise and clear answer I want to dissect Tullow Oil into two sections: 1. Operational; 2. External. Operational (Period discussed is from 2006): - A. Tullow Oil spends £9.6bn in finding the replacement of oil sold and building up its reserves. That resulted in oil reserves & resources increasing by 686m to 1,193m. Given that Tullow sold 243m over this period, then the capital spend per barrel is £9.6bn ($14bn) divided by 929m = $15 per barrel. The $15 per barrel capex doesn’t include the operational costs of extracting the oil on an annual basis. Add in operational costs per barrel, the cost of oil totals $71.9 per barrel in 2016. B. Despite the big spend, sales volume of oil increased by 2,600 bopd, a 5% growth. C. Despite years of producing oil, Tullow Oil has rarely generated positive free cash flow. In fact, it lost a total of £4.4bn. target='_blank' /> D. Last year, oil production came to 71,700 bopd in 2016. A year ago, it gave a production for 2016 of between 78,000 to 87,000 bopd, a 10%-24% miss. One big reason is down to its Jubilee field in Ghana. That oil field contributes around 26,000 bopd to Tullow Oil (or, around 35% of total oil production). E. With this year oil production guidance of 88,000 bopd, it already downgraded this by 5,000 bopd. F. As mentioned earlier, the level of total debt grew from £214m to £4bn, while sales doubled. Now, for the external factor, mainly the role of WTI/Brent Oil. (This period is from 2011 unless stated) The collapse in oil price has affected Tullow Oil business in the following ways: A. Tullow generated sales of 25 pence for every pound it holds in assets. Now, it does 10 pence. B. With capital turnover, Tullow is returning less than half. C. Net cash earnings fell to £417m from a peak of £1.1bn. D. Tullow, also written-off impairment charges totalling £5bn. E. In 2016, half the oil was hedged at $75 per barrel, this enables the firm not to experience the full impact of adverse oil prices. Today, it can only get $60 per barrel for 45% of oil production. For 2017 Reasons to be optimistic are: - A. Capex spending cut to $500m this year, down from $900m last year. B. Hopefully, it could achieve higher oil production of at least 80,000 bopd. C. OPEC oil production cut to maintain oil prices. Reasons to be pessimistic are: - A. This year oil hedge is 20% lower than 2016, it puts pressure on margins. B. U.S. oil production dampening price increase. target='_blank' /> C. Further operational production disruption possible. D. The North Korean crisis looking likely as both sides won’t back down. That would dampen trade and economic activities. E. New share outstanding of 1.38m values Tullow at £3bn. It would limit any gains in the share price. For more details and explanation, here is the full post:
steve73: francis.. IMO (but please bear in mind that I'm not totally confident in my understanding) IF you consider the company to be accurately priced at the current c. 200p/# then buying now but keeping enough dry powder to exercise your rights would make perfect sense. In an ideal world, buying after the 6th at a lower price (c.176p) would make equally good sense. If you think that the share price could be manipulated by shorters or rights traders, there are valid arguments that you would be better off buying either before (and taking the rights) or after. What you shouldn't do (IMO) is to buy before and NOT take up your rights, as this will simply be handing on any benefits to the underwriters (perhaps, unless the share price drops below 130). ...and in the meantime if the oil price goes up or down, then this will also influence whether you'd have been better buying now or later. FWIW, I sold my holding on the day of the announcement, and am looking to either get back in with 2/3rds before the 6th or fully after, depending on where the share price is at the time.... or possibly not at all.
typo56: Sorry for another post re the maths, but, as a non-shareholder, if I bought 49 shares at Friday's close price of say 203p, I could subscribe for rights over 25 shares at 130p, so I end up with 74 shares that cost me 179p. Suppose that I now sold all those shares short at 203p - I've made an instant profit of 24p per share. Yes, but.... You only qualify for the rights if you hold the shares at close on 5th April. At open 6th April the share price will fall to reflect the shares no longer come with rights. So, if the price at 5th April is 203p, you could expect it to fall the next day to 178.3p (all things being equal in an efficient market). If you are short TLW at 203p at close on 5th April you will indeed be in profit on those shares. The problem is, you will also be short the 25 for 49 nil paid shares (TLWN) at 0p. It will then cost you to close that position (on above figures about 48.3p per TLWN), leaving you no better off:- 178.3 + 25/49 * 48.3 = 203 There's no such thing as a fee lunch with rights issues. Only trading opportunites from confusion!
gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow.
midasx: Tullow Oil plc 20% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 18th January 2017 Tullow Oil plc with EPIC/TICKER LON:TLW had its stock rating noted as ‘Retains’; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 375 GBX on its stock. This now indicates the analyst believes there is a possible upside of 20% from the opening price of 312.4 GBX. Over the last 30 and 90 trading days the company share price has increased 6.5 points and increased 29.3 points respectively. Tullow Oil plc LON:TLW has a 50 day moving average of 306.05 GBX and the 200 Day Moving Average price is recorded at 260.41 GBX. The 1 year high stock price is 352.1 GBX while the year low share price is currently 116.26 GBX. There are currently 889,019,602 shares in issue with the average daily volume traded being 6,098,804. Market capitalisation for LON:TLW is £2,811,968,893 GBP.
mariopeter: Sitting here thinking if they proved up Kenya and sold 90% Kenya for $2.3 b cash and 700m development carry would we be happy ? TLW share price would probably hit £10+. Total have the lolly ($23b). Used $6 per recoverable barrel like the Ugandan deal and assumed 500m recov barrels.....its a nice debt to equity of 30% going forward. Who knows.
jacko07: A bit of a bounce as the shorts cover, but it all looks so dodgy to be long in this one. Oil price down over 10% since the OPEC meeting a week ago. TLW share price has dropped over 15% and is heading toward 150p. I agree with NY Boy TLW will be in serious trouble if oil prices continue to weaken. It will become impossible for TLW to redeem their debt and that will be when they have to start selling assets. That could lead to their crashing in a short time with the big boys buying the good parts. That has to be an even money shot if these markets continue down.
oilretire: And even if it takes a few days to sort out, it's still well within the expectation set in the half yearlies However, the strong performance in first half 2015 has been offset by an unplanned technical issue that affected the gas compression system which has temporarily reduced oil production to approximately 65,000 bopd. This issue is expected to be resolved by mid-August. Regardless, it's still POO that's in the driving seat for TLW share price in the short term I guess......
bobsidian: There seems to be expectation that the price of WTI crude oil will drop in the near future below $40 which could drag the price of Brent crude oil down into the mid $45 range. Were this to happen then TLW could see its share price tumble to as low as £1.50 - around its next natural support level. A potentially hefty share price tumble. But then as always when viability concerns become paramount so outsized share price moves to the downside seem to occur. If the above comes to pass and speculation about viability proves unfounded then a sharp reverse back up in the price of oil could give rise to outsized moves to the upside in the share price of TLW. It is noted that since TLW already exited the FTSE100 back at the March review then there will be no additional downside pressure on the share price from forced selling linked to an index exit. All sector bear markets have a conclusion. The problem is that their ultimate conclusion can see share price plunges by sector participants so extreme as to be offputting to any buyer. Interestingly the intraday share price plunge on Wednesday 29 July did have shades of that kind of conclusion. I suppose you look for benchmark share price performances of sector participants to provide an indication of an ultimate low. Perhaps one such benchmark could be the share price of BP. revisiting its £3 low last seen in 2010. Or another could be sight of the share price of RDSB revisiting its 2008 lows around the £12 level. The tracking of either one of those moves could see the share price of TLW at the £1.50 level.
Tullow Oil share price data is direct from the London Stock Exchange
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