ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

TLW Tullow Oil Plc

22.16
-1.80 (-7.51%)
Last Updated: 10:09:31
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
  -1.80 -7.51% 22.16 22.10 22.20 22.82 21.22 22.82 4,511,040 10:09:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0752 -2.91 349.4M
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 23.96p. 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 £349.40 million. Tullow Oil has a price to earnings ratio (PE ratio) of -2.91.

Tullow Oil Share Discussion Threads

Showing 66851 to 66872 of 69850 messages
Chat Pages: Latest  2686  2685  2684  2683  2682  2681  2680  2679  2678  2677  2676  2675  Older
DateSubjectAuthorDiscuss
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On 29 September 2022, the Board of Capricorn announced that it had withdrawn its intention to recommend the Combination, and the Board of Tullow subsequently announced that it had no intention to increase the value of its offer for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.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

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
27/10/2022
22:41
Another slight increase for azvalor

177.319.570 12,323%

mcsean2164
27/10/2022
09:22
Utter tosh, TLW dodged a bullet when the merger with Capricorn failed. Blatantly obvious why the share price is constantly being manipulated lower.
lyreco1
27/10/2022
02:02
Dangote Refinery Will Transform Ghana’s Downstream Oil Sector, Says Country’s Agency Chief


interesting Ghana turn their attention towards Nigeria again perhaps they will take Ghana Gas .

subsurface
26/10/2022
22:57
Guyana: ExxonMobil announces two new Guyana discoveries



don,t know if they have a positive impact for Tullow

subsurface
26/10/2022
21:43
On the way back up
franky15
26/10/2022
15:59
You could not make it up, just managed to hit 40p,.....lets have a party if it holds tomorrow.
kulvinder
26/10/2022
13:26
Hi xx,


Yes, interesting to see where they are at now.

176.655.989 12,277%


It's impressive how much they've been able to accumulate at these prices. I wonder who the sellers are. Also, those CFD's we're seeing.... I wonder will the gamblers start to get worried?

Looking back

20-May-2021

114,077,999 8.004000%



They've accumulated over 4% of the company in around 5 months and increased their holding over 50%.

My guess is that azvalor are going to make a substantial amount of money out of tullow. I wonder what their average is.....

edit: In case anyone noticed, I mistakenly quoted the wrong RNS first (IOG) which would have been even more significant but still things are interesting.

mcsean2164
26/10/2022
12:24
They don't!

Azvalor have picked up another 1,366,304 at 38.43p
probably just averaging down.

xxnjr
26/10/2022
06:16
That we did Badger, mine now down graded to 75p.....hope we get it soon.
kulvinder
26/10/2022
06:14
Franky like your confidence...
kulvinder
25/10/2022
16:39
Will be higher one day Not saying when though lol
franky15
24/10/2022
14:27
How do you know?
joek1
24/10/2022
09:45
Latest well wasnt a success.
fanfare1
24/10/2022
08:10
We all had similar hopes at 1.50A new team is essential as these clowns have proven themselves inept with the Capricorn embarrassment
badger36
23/10/2022
23:26
Looks like rig has finished drilling NT-11P down to TD (any oil? who knows?) and moved over to Jubilee, presumably to drill the JSE wells.
xxnjr
22/10/2022
18:01
Kulvinder I believe it will or I would not have done it
franky15
22/10/2022
17:59
Franky I hope your confifence pays off, as then we will be all.winners...
kulvinder
22/10/2022
16:17
No.
Azv only other e&p investment on LSE is in IOG AFAIK.

xxnjr
Chat Pages: Latest  2686  2685  2684  2683  2682  2681  2680  2679  2678  2677  2676  2675  Older