Tullow Oil Share Discussion Threads

[subsurface] 31/10/2022 11:43

Could you substantiate this please hsfinch?

[hsfinch] 31/10/2022 11:05

OMG...they've drilled another duster on TEN. Change out of rock doctors required in the House of Tullow.

[badger36] 31/10/2022 10:32

Seems inverse reaction to the two most recent price targets

[grupo] 31/10/2022 10:03

Barclays reinitiates Tullow Oil with 'overweight' - price target 67 pence

[franky15] 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

[mcsean2164] 28/10/2022 21:55

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On 29 September 2022, the Board of Capricorn announced that it had withdrawn its intention to recommend the Combination, and the Board of Tullow subsequently announced that it had no intention to increase the value of its offer for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

[misca2] 28/10/2022 21:26

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However, subsequently on Sept. 29 Capricorn said it had withdrawn its recommendation for the merger after warning on the impact that external factors and current market conditions could have on the deal.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

[waldron] 28/10/2022 11:56

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.

[phillis] 28/10/2022 11:54

Stonking Q3 results from Exxon including Guayana performance

[mcsean2164] 27/10/2022 23:41

Another slight increase for azvalor

177.319.570 12,323%

[lyreco1] 27/10/2022 10:22

Utter tosh, TLW dodged a bullet when the merger with Capricorn failed. Blatantly obvious why the share price is constantly being manipulated lower.

[subsurface] 27/10/2022 03:02

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 23:57

Guyana: ExxonMobil announces two new Guyana discoveries



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

[franky15] 26/10/2022 22:43

On the way back up

[kulvinder] 26/10/2022 16:59

You could not make it up, just managed to hit 40p,.....lets have a party if it holds tomorrow.

[mcsean2164] 26/10/2022 14:26

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.

[xxnjr] 26/10/2022 13:24

They don't!

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

[kulvinder] 26/10/2022 07:16

That we did Badger, mine now down graded to 75p.....hope we get it soon.

[kulvinder] 26/10/2022 07:14

Franky like your confidence...

[franky15] 25/10/2022 17:39

Will be higher one day Not saying when though lol

[joek1] 24/10/2022 15:27

How do you know?