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TLW Tullow Oil Plc

29.06
1.10 (3.93%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 3.93% 29.06 28.88 28.98 29.52 28.18 28.50 8,040,913 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.78B 49.1M 0.0338 8.54 419.95M
Tullow Oil Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TLW. The last closing price for Tullow Oil was 27.96p. Over the last year, Tullow Oil shares have traded in a share price range of 21.84p to 39.94p.

Tullow Oil currently has 1,454,137,162 shares in issue. The market capitalisation of Tullow Oil is £419.95 million. Tullow Oil has a price to earnings ratio (PE ratio) of 8.54.

Tullow Oil Share Discussion Threads

Showing 68676 to 68696 of 68700 messages
Chat Pages: 2748  2747  2746  2745  2744  2743  2742  2741  2740  2739  2738  2737  Older
DateSubjectAuthorDiscuss
18/3/2024
01:09
Guyana again
subsurface
15/3/2024
23:11
Sorry 20.25m and a 4+m
hubshank
15/3/2024
23:10
Wow, some big trades reported after hours 20.5m one of them!!!
hubshank
15/3/2024
17:37
Triple witching today
peterboroughmatt
15/3/2024
17:28
Volume fairly high with a rise over the day. Hedges closing out? Oil price rising? 9 analysts with a target of 71p? Who knows.
up just a little bit
14/3/2024
22:05
WTI held above $80 tonight.
Brent could be trending higher towards $88 to $90?

xxnjr
14/3/2024
20:29
Guyana. History repeating itself?

"London-listed junior Eco Atlantic Oil & Gas is in negotiations with nine companies for the farm-out of a majority stake in a large exploration block offshore Guyana. Eco became the operator of the Orinduik block after it purchased a controlling 60% stake in the permit from Tullow Oil....."

probably not but you never know. What is strange is that our farm out dept never seems to be able to farm anything out, yet when others takeover stuff happens, or starts to happen.

xxnjr
14/3/2024
17:17
2164,

When McDade was 'let go' he lost most of his awards. Same would happen now.

xxnjr
14/3/2024
17:15
upjust,

I'm more concerned about the CEO being artificially rewarded for rubbish performance and the fact he hasn't been fired!

xxnjr
14/3/2024
17:11
Agree with your assessment xx but we'd lose millions by firing him and have to pay millions more to get someone new. Company on its knees now. He's put in a despicable performance but not seeing better options. No idea why major shareholders have not ousted him.

Useless beyond belief. The failed Capricorn merger etc. the only positive thing he's done is buy back discounted high priced debt which many here including myself were urging.

mcsean2164
14/3/2024
17:07
Once again if you are at a loss as a long term holder this may not particularly please you but 71p is better than 27.
up just a little bit
14/3/2024
17:07
Another issue is the comparator group used to determine relative Total Shareholder Return, which is about the only meaningful metric in bonus award and makes up 50% of bonus.

So for 2023 TLW took out

Aker BP $15.9bn
APA $11.2bn
DNO $940m
Genel Energy $385m
Santos $15.4bn

and replaced them with

BW Energy $650m
Diversified Energy $1.1bn
Maurem et Prom $735m

Why BWE? Maybe because it is a newish company investing a lot in new field developments, installing FPSO's, subsea stuff and drilling lot's of wells to bring new projects to fruitions. (High cash spend relative to production)

Why Diversified Energy? Well it's mainly a gas producer (US onshore) so when it went in the comparator group US Gas Prices were incredibly high due to Ukraine War. US gas prices are much much lower now by a factor of 3X (or 5X, or whatever, its a huge drop) meaning DE's profit has slumped which would have been a fairly safe assumption when they placed DE in the comparator group. The result presumably being favourable to TLW CEO bonus calculations. Coincidence? or not?.....

Anyway what on earth is a US Shale Gas 'Stripper Well" operation doing in the comparator group? Makes absolutely no sense whatsoever.

xxnjr
14/3/2024
17:06
There are nine analysts covering TLW and the concensus is that the company remains a buy with the target of 71p.
up just a little bit
14/3/2024
17:03
Six of one half a dozen of the other. Company does not want to shelve out any more cash than it has to so gives shares. Its doing exactly what the plan says. A long term incentive. No-one likes directors receiving perceived rewards when a company underperformed. The incentive remains with shares at this price is to increase the value. If you are buying at this price and the company increases the value then you'd be happy. However there are a huge amount of long term holders who are suffering and feel cheated.
up just a little bit
14/3/2024
16:31
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?.....

xxnjr
14/3/2024
14:48
This is an absolute disgrace. In the 1,352 days since joining the company Rahul has only destroyed value. I don't understand how he can be in the old TLW Incentive plan which was deemed to be out of alignment with best practise and also in the new scheme that replaced it. How can he be in two schemes at the same time. Seems unusual? Can anyone explain?.....

6.6m shares awarded for 2023 underperforming on production and continual failure to deliver that which he promised. Total disrespect for existing shareholders who have lost a fortune!

All these options need cancelling and Rahul should be fired. He hasn't delivered anything other than feathering his own nest.

xxnjr
14/3/2024
14:12
should be linked to share price performance!
subsurface
14/3/2024
14:05
Nice bonus!
alfiex
14/3/2024
12:20
RNS out today Rahul and Richard share options awarded.
subsurface
13/3/2024
10:14
So much for 'Shared Prosperity" and "Being a trusted partner" SS!

Getting back to the results presentation I feel Rahul's pre-Q&A presentation completely missed the mark. It was complacent, self congratulatory and padded out with irrelevant time wasting. This is what he spoke about

Slide 4 4 mins (Africa)

Slide 5 4 mins (Operational Excellance)

Slide 14 3 mins (Operational Excellance)

Slide 15 3.5 mins (trusted Partner)

Sub total 14.5 mins

Slide 16 4 mins (Reserves)

Slide 17 2 mins (Jub)

Slide 18 2 mins (TEN)

Slide 19 2 mins (Non-op)

Slide 21 1 min (wrap up)

Sub total 11 mins
Total time 25.5 mins

What actually was req'd was an explanation of Jub w/inj issues

what went wrong.
what we did to fix it.
and why we are 100% confident it won't re-occur.

only 2 of 26 mins was devoted to our most important asset Jubilee and no explanation of water injection issue, other than it's 'solved' which they told us once before except that it wasn't.

In my view this was a complete communications failure and explains why the share price is where it is.

xxnjr
13/3/2024
09:58
subsurface

Everyone jumping on the bandwagon. Today "A Belgian farmer is taking French oil and gas company TotalEnergies to court, seeking compensation for damage to his farm linked to climate change and a legal order for the company to halt investment in new fossil fuel projects"

tas11osc
Chat Pages: 2748  2747  2746  2745  2744  2743  2742  2741  2740  2739  2738  2737  Older

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