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
  -1.40p -0.67% 206.80p 206.70p 206.90p 208.30p 205.50p 208.00p 1,495,224.00 11:55:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,028.4 -735.6 -53.3 - 1,891.35

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Date Time Title Posts
24/3/201710:58Tullow Oil PLC - Poised for a Takeover?28,806.00
24/3/201707:26L2 - Observations, comments and screenshots47.00
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 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 208.20p.
Tullow Oil has a 4 week average price of 243.73p and a 12 week average price of 279.71p.
The 1 year high share price is 352.10p while the 1 year low share price is currently 181.10p.
There are currently 914,578,783 shares in issue and the average daily traded volume is 17,968,607 shares. The market capitalisation of Tullow Oil is £1,890,434,344.46.
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!
hiddendepths: Leeds - interesting debate. I made the same error this morning and Ed 123 pointed it out. I too have been involved in several similar rights issues professionally and even more as an investor and I have never seen the "theoretical ex rights" price used in an RNS in this way. I have only ever heard the term used to describe the technical price AFTER the shares are quoted ex rights, using the closing price of the day before the XR. No wonder we were thrown! In the timetable at the bottom of the RNS it is absolutely clear when the shares go ex rights and it's not until 5th April! Frazboy - the share price HAS fallen by the reported amount! It will fall again when they are ex rights! Typo is right that you can either buy the shares now and take up the rights OR you can buy the shares cheaper post rights. Of course there may be fluctuations between now and then but if the market got it right today and does the same on 5th April, then it will make no difference. Whether this confusion has had an impact on today's share price move, I don't know.
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.
bigboots: Think the oil price fall is now more than factored into TLW share price down here
Tullow Oil share price data is direct from the London Stock Exchange
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