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TLW Tullow Oil Plc

-0.34 (-1.06%)
24 Jun 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
  -0.34 -1.06% 31.80 31.90 32.08 33.50 31.90 33.50 2,480,942 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.25 465.61M
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 32.14p. Over the last year, Tullow Oil shares have traded in a share price range of 26.62p to 40.32p.

Tullow Oil currently has 1,454,137,162 shares in issue. The market capitalisation of Tullow Oil is £465.61 million. Tullow Oil has a price to earnings ratio (PE ratio) of -4.25.

Tullow Oil Share Discussion Threads

Showing 69151 to 69172 of 69175 messages
Chat Pages: 2767  2766  2765  2764  2763  2762  2761  2760  2759  2758  2757  2756  Older
Why do "we" need to kick him out. You have already stated that you have no shares in TLW. You are obsessed and to any objective observer would appear to be previously aggrieved share holder who has gambled and lost their shirt?
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We need to kick out the CEO as he seems to live in a parallel universe.
Better to have someone you can trust.

Another 1.2 m dump at the close The only satisfaction I'll get if it's bought out for a song and they kick those clowns out and leave their options worthless
Especially when the update is "no change"
Hardly worth a July update when there is news due as the website states the 7th August .
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SS - What we can say is 1H should look pretty good vs last yr, as there have been 17 ghana gross cargoes*, against 14 in 2023/1H and as you pointed out OP is stronger, plus maybe some gains from more favourable(?) hedging. No July trading update, results 1 month earlier than usual, now August.

Not a fan of the current regime's news management.

* nb: doesn't necessarily translate into revenue recognition depending when cash received.

Interesting Analysis xx

Just so many variables from production to tanker loading and export. its worth noting the realized price of the Oil 2023 averaged Brent $82.49 and preliminary data for May 2024 $84.14
As you pointed out are they keeping a little back expecting the OP to go higher? also
if we had good numbers on gas produced each 1,000 bbl of oil produces ????? we could arrive at an Oil prduction number,remembering they Export and re inject,and use gas and flare .

Not ideal but Producing less for more cash good place to be while if it holds, to the next drilling campaign.and production does not go into free fall.
Give them time to study the down hole stuff.

Thank goodness it's not investment advice. Just for a moment I thought I'd better slit my wrists.
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Given above post, may be useful reminding ourselves what happened last year, as could help us judge how 2024 is progressing. The 2023 january trading update indicated 2023FY oil production guided to be in the range of (58-64) Kbopd.

Oil Production guidance (58-64) was maintained at March Results, the May AGM and the July Trading Update. Then “narrowed̶1; from (58-64) to (58-60) at Sept 2023/1H results. Then further downgraded to “marginally below (58-60)” at Nov 15th trading update. The 2024 Jan trading update, which one would have hoped would be pretty accurate, told us 2023 “full year working interest production averaged c.63 kboepd in 2023, including c.6 kboepd of Jubilee gas.”

Indicating approx 57K bopd oil production for the year of 2023.

Actual production as per 2023 full year results turned out to be only 55,800 bopd.
I’ll leave it to you to judge if 55.8 is “marginally below (58-60)”
And how 57,000, as indicated, become 55,800?

Guidance last year appears to have been more than somewhat behind the curve of reality!

(AFAIK the above numbers are correct.If you notice any errors kindly correct me. Not intended as investment advice. Do your own research!)

Jubilee Tanker watch.

Continues to be not good I'm afraid. Another Jubilee offload appears to be starting today. This reinforces my last tanker observation "suggests we are kind of 90K, or even slightly under that. If that is the case, it's about 10K to 15K (gross) less than where we should be now".

tbh I was being generous last time. We should have been at over 105K now but seem to be at 90K, or a tad less. So kind of 15K bopd less than RD was projecting a mere 3 months ago. The 5 wells drilled this year appear to have made very little difference (so far).

I guess it's possible they could have been storing a bit of production in ullage (which would result in lower off-take than production) but so far (for the last 3 yrs at any rate) what comes out by tanker seems to broadly align with what was produced according to monthly production data.

Ah! Thx for the shareholding list SS. Was surprised to see Safra in there with 15.32%.
Well done have a nice weekend
In that case I'll delete the post.
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You may like to consider editing the last line ,up Just not very nice.
A few more possible shareholders here XX but not sure on the date/validity

Name Equities % Valuation
Aworet Samuel Dossou
243,635,633 16.72 % 121 M p
Bank J. Safra Sarasin AG (Investment Management)
223,169,000 15.32 % 111 M p
AzValor Asset Management SGIIC SA
204,667,245 14.05 % 102 M p
RWC Asset Management LLP
71,022,015 4.874 % 35 M p
IFG International Trust Co. Ltd.
58,838,104 4.038 % 29 M p
Summerhill Trust Co. (Isle of Man) Ltd.
58,838,104 4.038 % 29 M p
RWC Asset Advisors (US) LLC
55,303,250 3.795 % 28 M p
BlackRock Investment Management (UK) Ltd.
46,925,048 3.220 % 23 M p
Schroder Investment Management Ltd.
44,492,827 3.053 % 22 M p
Goldman Sachs Asset Management LP
39,509,703 2.711 % 20 M p

Up just

Sadly filtered! for multiple one line posts that add nothing to the discussion!

Been a long week.
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We can start with the "A" s or we can work backwards!
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Don't be silly! ;-)

As in "us".
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Top Shareholders

2023 Annual Report

Substantial shareholdings
As at 31 December 2023 and 5 March 2024 (being the latest practicable date before publication of this Annual Report and financial statements), the Company had been notified in accordance with the requirements of provision 5.1.2 of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules of the following significant holdings in the Company’s ordinary share capital:

16.80%: Samuel Dossou-Aworet
16.47%: Azvalor Asset Management S.G.I.I.C., S.A.
5.09% RWC Asset Management LLP
4.19%: Summerhill Trust Company (Isle of Man) Limited

Only 4 share holdings recorded in the Annual Report.
3 in reality as Summerhill are controlled by Sam D-A?

So who owns the other 60%? Annual Report not very helpful here.
Convenient? Shouldn't the company be more transparent?

OTOH it's difficult to imagine Tullow remaining independent.

7% bonds are partly being repaid with $400m of 15% debt.
10.25% bonds will be replaced but at what cost?

Surely TLW would be in a much better position, transformed even, if it were absorbed by an undertaking with a lower cost of capital? Sadly though, not suggesting there will be a knock out take out price.

There doesn't need to be a knock out take out price.

Mr Dhir now has about 24.5m shares. As a result of awards, like this

Even at todays SP, Mr Dhir will make a truck load of money. An unfortunate aspect of the scheme AFAICS is, the lower the share price at time of award the more shares the CEO receives, as 50% of annual bonus is awarded not as cash, but as shares.

(Awarded Bonus divided by low spare price = higher no. of shares granted.)

Chat Pages: 2767  2766  2765  2764  2763  2762  2761  2760  2759  2758  2757  2756  Older

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