Tullow Oil Share Discussion Threads

[cricklewood] 26/7/2015 13:51

Tullow Oil plc (LON:TLW)‘s stock had its “underperform” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 300 ($4.68) target price on the stock. Jefferies Group’s price target indicates a potential upside of 20.87% from the stock’s previous close.

Tullow Oil plc (LON:TLW) opened at 248.20 on Thursday. Tullow Oil plc has a 1-year low of GBX 247.00 and a 1-year high of GBX 768.50. The stock has a 50-day moving average of GBX 331.65 and a 200-day moving average of GBX 363.68. The company’s market cap is £2.26 billion.

In other Tullow Oil plc news, insider McDade,Paul acquired 316 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were purchased at an average price of GBX 284 ($4.43) per share, with a total value of £897.44 ($1,400.50).

Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated an “under review” rating on shares of Tullow Oil plc in a research note on Wednesday. Analysts at Credit Suisse upgraded shares of Tullow Oil plc to an “outperform” rating and raised their price target for the stock from GBX 435 ($6.79) to GBX 440 ($6.87) in a research note on Wednesday. Analysts at Barclays reiterated an “overweight” rating and set a GBX 550 ($8.58) price target on shares of Tullow Oil plc in a research note on Tuesday. Analysts at Deutsche Bank reiterated a “hold” rating and set a GBX 380 ($5.93) price target on shares of Tullow Oil plc in a research note on Tuesday. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating and set a GBX 650 ($10.14) price target on shares of Tullow Oil plc in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 447.10 ($6.98).

Tullow Oil plc is an independent oil and gas exploration and production company. The Company is engaged in the exploration, development, production and sale of hydrocarbons. The Company is focused on finding and monetizing oil in Africa and the Atlantic Margins. The Company has interests in over 130 exploration and production licenses across 22 countries which are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia. The Company has produced an average of 100,000 barrels of oil per day in 2014. The Company has a portfolio of development assets in Ghana, Kenya and Uganda.

[billy_buffin] 25/7/2015 09:23

Short Positions: Capital Fund Management added

Capital Fund Management SA TULLOW OIL PLC GB0001500809 0.51%
Lansdowne Partners (UK) LLP TULLOW OIL PLC GB0001500809 2.51%
Man Investments Ltd TULLOW OIL PLC GB0001500809 0.71%

Excel file

[cricklewood] 25/7/2015 08:02

asusasus
24 Jul'15 - 18:01 - 21541 of 21541 0 0





Bombed-out oily?

On the same day, we should get interim results from Tullow Oil (LSE: TLW), whose shares have certainly not been doing so well -- they're down 67% over the past 12 months to 254p, and down 82% since February 2012. That's almost all down to the plunging oil price that has hit the whole sector. However, unlike some of the harder-hit exploration-only oilies that are still in their cash-burn phase, Tullow is pumping and is profitable -- well, it recorded a loss in 2014, but it should be pack into profit this year.

And I reckon the share price fall is overdone now, with Tullow shares on a price to book value rating of under 0.9. That's on sub-$50 oil, and I reckon it makes Tullow one of the companies most likely to benefit when the oil price recovers (and it surely will recover, won't it?)

[asusasus] 24/7/2015 18:01

https://uk.finance.yahoo.com/news/3-bargains-week-ahead-sky-134722850.html

[asusasus] 24/7/2015 17:57

Market is down in general.

[ny boy] 24/7/2015 17:32

Another mini dead cat bounce

[ohisay] 24/7/2015 17:07

RBC today.

Tullow Oil (TLW.L): H1/15 Results – Wednesday 29th July
Tullow is scheduled to present its H1/15 results on Wednesday and most of the key financials were released in its trading update in early July. Tullow announced production of 74,600boe/d, profit of $0.3bn, operating cashflow of $0.5bn and net debt of $3.6bn. We are forecasting revenue of $854m
for H1/15, slightly ahead of consensus of $829m and a net loss of $133m, compared to consensus net loss of $74m.


Following this week’s announcement that production at Jubilee remains restricted to ~65,000b/d for another 3 weeks due to gas compression issues on the FPSO, management expects to review its 2015 production forecast and provide an update on progress at the results presentation. Assuming production is at this level until mid-August, in line with current guidance; the annual production forecast for Jubilee could fall to ~100,000b/d from 103,000b/d.
At its analysts’ presentation we expect Tullow might also provide more clarity on the reserves and resources within the Amosing and Ngami fields, in Kenya, which are currently being assessed with extended well tests. More generally, we expect management to receive a number of questions on its exploration campaign offshore Norway, which is generating mixed results*

*Well quite - Not one of their best forays was it - and quite unlike them IMV..

PS Suriname is due next month which RBC has +17p in for a success.

[ny boy] 24/7/2015 13:41

Could be...as gold is also attempting a rebound after making a new low earlier. Crude needs to retake $50 handle to become more bullish here.

[asusasus] 24/7/2015 13:27

Shorts buying back. It's about to blow.

[ny boy] 24/7/2015 12:20

Still struggling, trying to form a temporary bottom, not sure if it's in yet though, trade with caution, you could easily see a final capitulation, like what's brewing in the Gold market.

[stevenrevell] 24/7/2015 11:48

Next week will tell

[spacedust] 24/7/2015 10:15

Yip load up before it hits 400 just like last time

[asusasus] 24/7/2015 10:01

Time to load up!

[spacedust] 24/7/2015 09:53

Or maybe someone has sniff of the news to come on the 29th when rns is released . Will be well over 300 in no time as it did last time from 280-450

[ny boy] 24/7/2015 09:35

Looks like a bit of a turn here from 245p, early days but should be another bear market rally before heading lower, any long trades need to be nimble, first test will be old support 280p which is now resistance.

[ohisay] 24/7/2015 09:07

old tp new tp
24 Jul 15 Cantor Fitzgerald Sell 247.20 328.00 233.00

I've just put a buy order in for 233p!

[spacedust] 24/7/2015 08:44

This is all to do with destroying Russia. Russian economy relies on oil prices and When oil prices dropped last time Russia bought gold as a hedge. So now they are dropping price of gold too. Russia should have bought dollars. This will end up hurting eurozone indirectly but hey the yanks don't care.

[chris coxon] 24/7/2015 08:30

Three months of support at this level from back in 2005, that is scary.

[smurfy2001] 24/7/2015 08:16

Someone from the pub write that after a pint?

[ed 123] 24/7/2015 08:13

Thanks, Pugg1ey. :O

Do people pay to read analysis of this quality?!!!

[pugg1ey] 24/7/2015 07:58

But remember Share Prophets tipped Afren at 70p last year!!!


EPIC code: TLW


Buy Oilers as Low Amber Nectar Prices Can’t Last Long.

By Malcolm Stacey | Friday 24 July 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Hello Share Cats. Nobody talks about oil shares much anymore. It seems the low price of crude has taken its toll on those of us who have invested big time in oil companies, both big and small.

Sadly the price of oil is not going up. It keeps bouncing along the bottom.

But this cannot continue for long, gang. All markets go into boom and bust situations. After a drop in the commodity price comes the rally.

There are quite a few things keeping oil prices low at the moment. The biggest is that there is too much of the stuff swilling around in relation to demand.

Added to the general over-cooked situation is the fact that Iran has done a deal over Western sanctions. So now there will be more black stuff flowing from that very oil rich country.

But the third world is developing fast. More and more cars are being made. Just this week the British motor industry announced that a new car was coming off the production lines every few seconds.

About 80% of these new gas-guzzlers are being sold abroad. Because places like India, China and Africa are fast swapping carts and bikes for cars.

Also the world - ironically as a consequence of global warming - is having poorer weather. So we all need more energy to keep warm.

This old punter is therefore convinced that the price of crude will recover, then rocket. And so all our oil shares will rise in price.

Popular companies like Royal Dutch Shell (RDSA) BG (bg.) BP (BP.) Tullow Oil (TLW) will all improve, as will smaller oil companies. (Though I will still keep away from those hopeful explorers who’ve yet to find the amber nectar yet.)

While I quaff a different kind of nectar in the Punter’s Return.

[shaggies_view] 24/7/2015 07:57

Capitulation always attracts the nutters. Tucked a few away at 250p.
Shaggy

[deanroberthunt] 24/7/2015 07:37

73p is not out of the question....