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
  +2.30p +1.06% 218.60p 218.00p 218.20p 227.30p 217.50p 217.50p 5,683,798 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,090.4 -880.5 -77.1 - 1,994.41

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Date Time Title Posts
28/9/201621:49Tullow Oil PLC - Poised for a Takeover?27,685
21/9/201623:37L2 - Observations, comments and screenshots45
14/11/201413:53TipTV: Tullow Oil - Risk of Support Test-
23/6/201414:40TipTv discusses Tullow Oil PLC (TLW.L)-

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Tullow Oil (TLW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
28/09/2016 17:12:59224.8512,57428,272.64NT
28/09/2016 17:11:38225.2545,178101,764.30NT
28/09/2016 17:05:37224.89355,849800,272.73NT
28/09/2016 17:02:56218.5620,35044,476.21NT
28/09/2016 17:01:38218.566,37313,928.55NT
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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 216.30p.
Tullow Oil has a 4 week average price of 223.53p and a 12 week average price of 219.09p.
The 1 year high share price is 290.40p while the 1 year low share price is currently 116.30p.
There are currently 912,354,379 shares in issue and the average daily traded volume is 5,526,196 shares. The market capitalisation of Tullow Oil is £1,994,406,672.49.
steve73: I'm pretty sure this was shorted massively on the day of the bond issue, by the (potential) bond purchasers simply as a way of driving the conversion price down. These shorts are now slowly unwinding and the price recovering accordingly. One could argue that Tullow were stupid to announce in the morning that the conversion price would be set by that days weighted mean price - it was an open invite to short the price down. But if they'd tried to place that number of new shares, it would have needed to be at some discount to the previous days price, and it would have caused a drop anyway. At least this way they get more and the bond holders convert more cheaply. A win-win, unless you're an existing holder needing to sell in the short-term. If anyone wanted to buy 9% of the company (the approximate additional shares the conversion added) on the open market the price would have rocketed. So buying the bonds just for the conversion is a cost effective method - by shorting to get the conversion price down will allow the bond holders to convert sooner. It was a great buying opportunity last week (of which I took advantage), and the window of opportunity is slowly closing as the shorts continue to get unwound. Certainly good for short-term trading. The additional funds will help with ongoing costs, and once converted will not add to the debt, although the resultant dilution will reduce the rate of share price rise somewhat. least this is how I see it.
mcsean2164: Significant upside Meanwhile, Tullow Oil’s (LSE: TLW) share price isn’t dependent on the performance of the UK economy. However, it’s closely linked to the price of oil. A downturn in the price of black gold can’t be ruled out over any time period, since supply remains high and demand sluggish. This means that the billions of dollars in writedowns that were seen in recent years could return, which is a clear risk to Tullow’s financial outlook. However, with Tullow trading on a PEG ratio of only 0.1, it seems to offer limited downside and significant upside. Its new project in Ghana is about to come on-stream according to the company’s update at the end of June. This is likely to be a game-changer for the company and should aid cash flow, thereby seeming to make Tullow’s debt profile more manageable. This could cause investor sentiment in the stock to improve even after Tullow has risen by 54% in the last six months.
leoneobull: Since the turn of the year, shares in Tullow Oil(LSE: TLW) have risen by a whopping 50%. Clearly, that's at least partly because of the rising oil price, with it having almost doubled from its 2016 low. This has caused improved investor sentiment towards the wider oil and gas sector, with it reducing uncertainty regarding the financial outlook for Tullow Oil and its peers. On this front, Tullow Oil is forecast to return to profitability in the current year. Clearly, the higher oil price has a lot to do with that and should mean that asset impairments are somewhat reduced in the short-to-medium term. However, Tullow Oil is also set to increase production at a rapid rate with its Project TEN in Ghana expected to come on-stream in the coming months. This increased production is due to increase Tullow Oil's pre-tax profit from £36m in the current financial year to as much as £198m in the next financial year. Such a rapid rise in profit growth could cause investor sentiment to improve significantly, thereby pushing Tullow Oil's share price considerably higher. And with the company's shares trading on a price-to-earnings growth (PEG) ratio of only 0.1, there seems to be major scope for an upward rerating alongside rapid profit growth.
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.
leoneobull: With share prices across the resources sector falling heavily in recent months, there are opportunities to profit in the long run. That’s because, while oil and gas companies are enduring their worst period in many years, their valuations have fallen to such an extent that a number of them now offer sufficiently wide margins of safety to merit investment. In other words, their risk/reward ratios have become rather favourable for less risk-averse investors. A notable example of this is Africa-focused Tullow Oil (LSE: TLW). Its share price has fallen by an incredible 84% in the last five years and, while it has risen by 23% in the last month, investor sentiment remains very weak. For example, Tullow Oil trades on a price to earnings growth (PEG) ratio of just 0.1, which indicates that its shares offer a very wide margin of safety at the present time. A potential catalyst to push the company’s share price higher is the planned ramp-up in production which is due to take place in 2016. The company’s TEN field in Ghana is due to come onstream in mid-2016 and increase total production by 35,000 barrels of oil per day (bopd) by the time it reaches plateau production in 2017. Furthermore, Tullow has refreshed its strategy and is now focused on developing resources which have already been discovered as opposed to concentrating on exploration. This should help to improve the company’s cash flow over the medium term and allow dividends to rise at a brisk pace in future years, as well as providing an improved financial outlook for the business.
bobsidian: <<Bang head on desk mode>> "You're confusing company specific micro situations with the the global macro picture." You choose to make your macro point on a company specific bulletin board. And then you suggest there is some confusion about the point you are making relative to the fate and fortune of oil companies. The two issues are intertwined ; macro plays out in micro settings. They are not unrelated. Take a look at the most recent percentage recovery in the share price of TLW and contrast that with the percentage recovery in the price of oil. Nevertheless, as others have pointed out, market forces were happy to push the share price of TLW down at a rate of gearing of around 1.5 x movement in the price of oil but are only prepared to allow a share price recovery at around 1 x movement in the price of oil. Typical sector bear market behaviour.
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.
bobsidian: There is an "expectation" that the price of oil will once more come under pressure during the next quarter with the price of Brent perhaps being pushed down toward the $35 a barrel level. Were this to happen then the share price of TLW could easily half from its current level. However, the recent news flow out of Yemen shows just how volatile the price of oil can be. In the near term £2.75 may be key support for the share price. If that support does not hold then £2.30 may beckon. Thereafter the next support level seems to be around £1.50. But as dealy asserts, TLW is no Afren. Afren was and still is a financial and management shambles. TLW seem to be actively managing its debt maturity profile. TLW also currently has significant headroom in its Resource Based Lending facilities. However, as with most O&E entities, the longer the price of oil remains at such levels the greater the likelihood of such facilities being subjected to restriction on the back of revisions to reserve recoverability and the value ascribed to those reserves. Once that happens then O&E entities can be perceived as being subject to increasing pressure surrounding their ability to fund ongoing investment commitments. And those perceptions can crush a share price. One look at the financial results for TLW for the year ended 31 December 2014 shows how it has been required to recognise accelerated write downs to earlier O&E activity. Those results also reveal through the movement on its hedges just how far TLW has been able to insulate itself from the sharp move in the price of oil.
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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