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TLW Tullow Oil Plc

23.96
1.96 (8.91%)
04 Dec 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
  1.96 8.91% 23.96 23.76 24.00 24.22 21.00 21.00 16,116,061 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -3.17 320.82M
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 22p. Over the last year, Tullow Oil shares have traded in a share price range of 20.00p to 40.32p.

Tullow Oil currently has 1,458,261,760 shares in issue. The market capitalisation of Tullow Oil is £320.82 million. Tullow Oil has a price to earnings ratio (PE ratio) of -3.17.

Tullow Oil Share Discussion Threads

Showing 66851 to 66872 of 69825 messages
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DateSubjectAuthorDiscuss
02/11/2022
17:52
Well they've used up nearly half of the spr. Forecasts is for December 23rd to still be below pre pandemic levels





There's not enough left in the spr to release a million barrels per day until December 23 and the current release is probably depressing where production would be.

The world seems to have gone pretty crazy since covid19 or maybe that's just me getting old.

mcsean2164
02/11/2022
13:59
I guess US folks tend to get a bit animated by high fuel prices. Currently $4/gal I believe. Lucky them. There would be a riot if they had Euro fuel prices.
xxnjr
02/11/2022
13:47
(SPR) sad but true. Not sure why the US people are not appalled by Biden selling out their energy security when it doesn't have to be sold.

2022-Oct 10/07 408,699 10/14 405,135 10/21 401,718

Must be under 400 million now versus its 726 million peak.

Seems like madness to me. At least Tullow is filling some of the gap left by lack of investment I guess although with global warming it's hard to know what to think anymore....

mcsean2164
02/11/2022
12:55
Also the US will stop releasing from the SPR after the midterms on 7th Nov. Oil price will rocket once this stops.
janhar
02/11/2022
10:50
xxjnr,

That's interesting, I was looking at hxxps://shorttracker.co.uk/company/GB0001500809/

Euroclear seems to have a better picture.

My guess (totally a guess and not financial advise) would be that some were hedging, short tullow + long capricorn.



The deal is officially off so will be interesting to see how long it takes to get back to where were in June. Not long would be my guess.

mcsean2164
02/11/2022
00:56
mcs,

Euroclear: 8.06% were out on loan end sept. latest available numbers.

According to the FT "Chinese equities rose on Wednesday, holding on to gains made the previous day as unsubstantiated rumours that the country was looking to end its strict zero-Covid policy boosted investor sentiment." If that were to happen then I guess the Oil Price would strengthen.

xxnjr
01/11/2022
15:15
Xxjnr,

Not too bothered it the share price keeps trending in this direction 😉

I doubt there's much of a float for any hedging shorts looking to exit. ...if such shorts exist...

mcsean2164
01/11/2022
00:37
Hurray!.... but you won't get those regular Azvalor Form 8.3's!!!
xxnjr
31/10/2022
18:17
Yeh may last year , crazy when you think about it we hit 65p then
franky15
31/10/2022
18:04
Hope poo falls to £50 usd then maybe we will be back to 60p. Lol
kulvinder
31/10/2022
16:27
WTF oil down we are up
franky15
31/10/2022
16:05
Jon Hopkins

15:50 Mon 31 Oct 2022
Investor deep dive

Southern Energy Corp is focused on developing conventional energy in the southeast Gulf states of the USA

Tullow Oil reinstated at 'overweight' by Barclays following Capricorn Energy merger termination

The Barclays analysts said the Capricorn merger was just an opportunity to accelerate a strategy that Tullow is already successfully executing Oil barrels


The Barclays analysts said that a Capital Markets Day on December 7, 2022, should provide a refreshed medium-term growth outlook for Tullow

Analysts at Barclays have reinstated their 'Overweight' rating and 67p price target for Tullow Oil PLC (LSE:TLW) following news on October 28, 2022, of the termination of its proposed all-share merger with Capricorn Energy PLC (LSE:CNE, OTC:CRNZF).

In its statement last Friday, Tullow noted that on September 29, the board of Capricorn announced that it had withdrawn its intention to recommend the merger, and the board of Tullow subsequently announced that it had no intention to increase the value of its offer for Capricorn or to elect to implement the combination by way of a contractual offer.

The company said that Capricorn's statement last Friday confirmed that it has provided its consent to the Panel on Takeovers and Mergers to release Tullow from its obligations under the City Code on Takeovers and Mergers to proceed with the combination, and, accordingly, Tullow's board had confirmed that decision.

In a brief comment on Monday, the Barclays analysts said the merger was just an opportunity to accelerate a strategy that Tullow is already successfully executing.

They also reinstated their previous estimates for the FTSE 250-listed oil play and said December 7, 2022, Capital Markets Day (CMD) should provide a refreshed medium-term growth outlook.


Proactive

waldron
31/10/2022
11:48
If this is true- and I don't doubt the sincerity of the post- then this is nothing short of incompetence and ineptitude at the highest level. Not only has executive and board level shafted us but the geology nerds are not worthy of being called water diviners. Why has the same team been allowed to behave like the dart throwing monkeys and are huge cost to shareholders It is time for a mutiny
badger36
31/10/2022
11:43
Could you substantiate this please hsfinch?
subsurface
31/10/2022
11:05
OMG...they've drilled another duster on TEN. Change out of rock doctors required in the House of Tullow.
hsfinch
31/10/2022
10:32
Seems inverse reaction to the two most recent price targets
badger36
31/10/2022
10:03
Barclays reinitiates Tullow Oil with 'overweight' - price target 67 pence
grupo
30/10/2022
12:48
https://www.bloomberg.com/news/articles/2022-10-28/pioneer-s-sheffield-sees-oil-price-rebounding-to-120-next-year
franky15
28/10/2022
20:55
Hurray!




Board of Tullow Oil plc (" Tullow ") notes the announcement released today by Capricorn Energy plc (" Capricorn ") in connection with the previously announced proposed all-share combination of Tullow and Capricorn (the " Combination ").

On 29 September 2022, the Board of Capricorn announced that it had withdrawn its intention to recommend the Combination, and the Board of Tullow subsequently announced that it had no intention to increase the value of its offer for Capricorn or to elect to implement the Combination by way of a contractual offer

mcsean2164
28/10/2022
20:26
Tullow Oil Confirms Capricorn Merger Won't Proceed

Oct. 28, 2022 at 12:33 p.m. ET


By Kyle Morris

Tullow Oil PLC confirmed Friday that the proposed combination with Capricorn Energy PLC won't proceed, and that it has been freed from its obligations under the takeover panel code.

In June, Capricorn agreed to merge with Africa-focused oil producer Tullow Oil in an all-share deal that valued the combined group at 1.42 billion pounds ($1.64 billion) at the time.

However, subsequently on Sept. 29 Capricorn said it had withdrawn its recommendation for the merger after warning on the impact that external factors and current market conditions could have on the deal.

Also on Sept. 29, Tullow Oil said it had decided against raising its offer for the agreed merger with Capricorn.

Write to Kyle Morris at kyle.morris@dowjones.com

misca2
28/10/2022
10:56
Tullow Oil share price outlook as energy profits jump
Tullow Oil share price outlook as energy profits jump
By: Crispus Nyaga
on Oct 28, 2022
Listen to this article

Tullow Oil stock has bounced back as oil and gas profits rise.

Crude oil price has been at an elevated level recently.

Shell and TotalEnergies published strong quarterly results this week.

Tullow Oil (LON: TLW) share price has crawled back recently as oil and gas companies record bumper profits. The shares rose to a high of 41.25p, which was about 12% above the lowest level this year. This price remains about 36% from the lowest level this year.


Oil and gas companies thrive

Tullow Oil is a small-cap energy company that has operations in emerging market countries like Ghana and Kenya.

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The company has had a successful year, helped by the relatively elevated crude oil and gas prices. In September, the firm said that its total first-half revenue was over $846 million, higher than the $727 million it made in the same period in 2021.

Its gross profit almost doubled to over $620 million while profit after tax rose to $264 million. In the same period, its net debt rose from $2.2 billion to $2.3 billion.

Analysts expect that Tullow Oil will publish strong results for the second half of the year. Besides, Brent crude oil has remained above $85 for the most part. Other oil companies like Shell and TotalEnergies reported strong quarterly results this week, as we wrote in this report.

Tullow Oil also suffered a setback in September after Capricorn Energy. The deal would have created a bigger African-focused oil company. Instead, Capricorn agreed to merge with NewMed, an Israeli natural gas company. Capricorn had faced sharp criticism from some of its biggest investors about the deal.

The next key catalyst for the Tullow Oil stock price will be the upcoming earnings by other oil and gas companies like BP and Exxon. Tullow Oil’s management is also expected to have a capital markets update on December 7. In it, it will present on its future and provide an update about its key operations in Kenya.

Analysts are relatively bullish on the TLW share price. Those at Barclays boosted their target to 80p, which is almost double fromwhere it is. The average forecast for the stock is 75p, which is about 85% above the current level.


The daily chart shows that Tullow Oil shares have been in a bearish trend in the past few months. It has dropped below all moving averages. The stock dropped below the important support level at 40.88p, which was the lowest level in November 2021.

Now, the stock has formed a break and retest pattern. It has also formed a small shooting star pattern. Therefore, the shares will likely continue falling as sellers target the next key support level at 35.82p, which was the lowest level this month.

waldron
28/10/2022
10:54
Stonking Q3 results from Exxon including Guayana performance
phillis
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