Tullow Oil Share Discussion Threads

[eircomnet] 13/7/2022 09:17

Booty, what amount of dilution for tlw shareholders do you envisage, I know that there
can be no certainty, just wondering.

[badger36] 13/7/2022 09:14

Capsized deal and falling market cap with debt/equity ratio off the radar. I see Tullow being forced to sell to any bidder as it simply cannot afford all the bluster. They suffer from small dog syndrome and will be like Icarus All hat and no cattle The Capricorn deal will be scuttled and Tullow will be picked off for a pittance

[bootycall] 13/7/2022 08:58

“Production guidance for 2023 will be provided in the 2023 Jan Trading Update (as always).”

@xxnjr There are a decent number of wells being drilled this year, which will be only be put on stream next year. Tullow would not be investing in the subsea infrastructure if there was any doubt about their ability to flow. How many companies in the E&P sector would exist today if they only gave guidance in the year of production FFS ?
Rahul, is about to dilute shareholders if the merger succeeds , without a proper understanding of the likely production profile for 2023/24. Rahul is only to happy to talk about 2025 production levels even though that might be achieved much earlier. Don’t get me wrong, Capricorn helps to derisk the balance sheet to a large extent and has identified significant cost savings….but we badly need a light shone under our bushel ! This man knows how to make an attractive proposition less attractive …lets put it that way.

[badger36] 13/7/2022 08:53

Advantage to shareholders of Tullow!!!Lost 25 percent in last few weeks We don't need that type of advantage

[grupo guitarlumber] 13/7/2022 08:51

Tullow Oil Keeps FY22 Production Guidance on Strong H1 Drilling

07/13/2022 | 07:26am BST


(MT Newswires) -- Tullow Oil (TLW.L, TQW.IR) maintained its full-year production guidance, saying output in the first half was in line with expectations.

The oil and gas explorer said Wednesday that drilling performance was strong across its portfolio and it expects to produce 59 to 65 thousand barrels of oil equivalent per day, including the incremental production from the successful pre-emption in Ghana.

Shares in the company were up slightly on Tuesday's close.

Price (GBP): £43.86, Change: £+0.20, Percent Change: +0.46%

[xxnjr] 13/7/2022 08:46

Booty - can you explain why Rahul needs a good talking to?.....

[xxnjr] 13/7/2022 08:40

Booty

I can help there:

Jubilee is producing at approx 92.5K at the moment but latest cargo loading today may suggest it has tailed off a bit in last 10 days.

Production guidance for 2023 will be provided in the 2023 Jan Trading Update (as always).

[xxnjr] 13/7/2022 08:33

As expected good operational progress with drilling efficiencies, FPSO uptime, and Jubilee production. No mention of approx net debt (unless I missed it) so presume it has gone up at end of half year which ends on 30th June (and not the first week of July in TLW's financially engineered FCF in balance calculation!). Weak financial performance + weak oil price today probably accounts for weak share price. Hedging gets better next year and maybe the CNE deal gets approved. Other than that it's all promises of jam tomorrow (Ghana Gas, TEN Upside and Kenya).

[bootycall] 13/7/2022 08:21

Where is the production profile guidance for 2023 ? Where is the accelerated drilling programme ? No mention of current level production performance at Jubilee which is amazing (100kbopd gross ?). The scheduled maintenance shutdown in the 1H has taken the shine off the average, but the second half should be very encouraging based on current run rate.
I think Rahul wants a good talking to.Mind you, if he pulls off a reasonable non associated gas contract in Ghana, we could have a bounce in the short term.
I expect many more positives in the conference call. Most of this announcement is rear view mirror stuff.

[the grumpy old men] 12/7/2022 07:04

Tullow Oil will publish a trading statement on July 13.

[fizzmiss] 11/7/2022 20:50

Like it or not, the share price is being worked lower and lower for personal agenda, and not in the interest of shareholders!

[waldron] 11/7/2022 08:19

Alfiex
11 Jul '22 - 08:15 - 57697 of 57697
0 0 0



Tullow Oil logo

Tullow Oil plc (OTCMKTS:TUWOY – Get Rating) – Analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for shares of Tullow Oil in a report released on Friday, July 8th. Jefferies Financial Group analyst M. Wilson now anticipates that the energy company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.17. The consensus estimate for Tullow Oil’s current full-year earnings is $0.13 per share. Jefferies Financial Group also issued estimates for Tullow Oil’s FY2023 earnings at $0.18 EPS, FY2024 earnings at $0.20 EPS and FY2025 earnings at $0.13 EPS.

[waldron] 11/7/2022 08:17

Alfiex
11 Jul '22 - 08:15 - 57697 of 57697
0 0 0



Tullow Oil logo

Tullow Oil plc (OTCMKTS:TUWOY – Get Rating) – Analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for shares of Tullow Oil in a report released on Friday, July 8th. Jefferies Financial Group analyst M. Wilson now anticipates that the energy company will post earnings per share of $0.19 for the year, up from their previous forecast of $0.17. The consensus estimate for Tullow Oil’s current full-year earnings is $0.13 per share. Jefferies Financial Group also issued estimates for Tullow Oil’s FY2023 earnings at $0.18 EPS, FY2024 earnings at $0.20 EPS and FY2025 earnings at $0.13 EPS.

[alfiex] 11/7/2022 08:15

https://www.defenseworld.net/2022/07/11/fy2022-eps-estimates-for-tullow-oil-plc-increased-by-jefferies-financial-group-otcmktstuwoy.html

[xxnjr] 11/7/2022 07:18

"few understand the remarkable upside at Ten"..... "provided the wells flow".

That is the nub of it. Starting with the company. We just don't know yet as the 2 'strategic wells', one of which looks to be drilling now, are really appraisal wells, given afaics the area where Tullow believes the upside exists hasn't been drilled yet (apart from tagging some oil in a down-dip water injector some distance away). Fingers crossed.

May explain long delay on 2nd rig contract in a market where you would normally anticipate a rapid decision due to increasing rig rates over past year?

[bootycall] 11/7/2022 01:45

xxnjr

Provided the new wells flow..generous cost recovery terms will take care of drilling costs on Ten thank you very much. Surprised you didn’t realise this ! Most high yield debt has taken a turn for the worse in the current economic and rising interest rate environment and the price performance of the bonds should be put in that context. The Capricorn deal is a prudent financial engineering exercise but Rahul should have consulted properly with his major shareholders before proceeding. Most shrewd followers of this company can see the outperformance of Jubilee…few understand the remarkable upside at Ten…i think that will all start to change shortly.

[flzzmiss] 10/7/2022 11:48

Some great noise of the LSE board about drill