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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/2/2023 16:42 | Nothing to do with Debt, it's Rahul's incompetency. | lyreco1 | |
22/2/2023 16:08 | they are. my read is that is the combined total FCF over 2 yrs; 2024 & 2025. I'd like more meat on the bone though! let's see what they say on results day. I hope they succeed! Maybe they can reduce debt by buying the 7% 2025's back at 74% now. Bonds may get cheaper if OP stays weak. | xxnjr | |
22/2/2023 15:58 | but from 2024 they are guiding for $700-800 FCF | dros1 | |
22/2/2023 15:38 | Well yes, 2020 CMD was just numbers, but Net Debt reality at end of Yr was 2020 $2,374m 2021 $2,131m 2022 "$1.9bn", or somewhere between $1,851m and $1,949m and in 2022 the OP averaged $102/bbl! all I'm seeing in 2023 so far is kind of $83/bbl as an average OP. and latest guidance said "Free cash flow for the full year 2023, post hedging, is expected to be c.$200 million at an average oil price of $100/bbl (c.$100 million at $80/bbl)" At $55/bbl OP, FCF would be zero. More than likely negative FCF = Net debt going up. There's an element of denial in TLW HQ as they are in a straightjacket i.e "We've ordered sub-sea equipment for N'tomme riser base development and will drill 2 development wells" Actually more like exploration wells and results meant no feasible development. "TEN will produce at 50K bopd". Does anyone really believe that now? Despite massive hedge fund opposition "CNE deal will go through". "Our business plan assumes an OP of >$80, preferably $100". I'm paraphrasing. Just as a comparison I was listening to Patrick P of Total Energies on their last results call and he mentioned a new development in Angola they had just sanctioned with a break even price of $20/bbl. | xxnjr | |
22/2/2023 15:05 | 2020 Capital Markets Day Assuming an oil price of $45 per barrel in 2021 and $55 per barrel flat nominal from 2022 onwards, and with over 90% of future capital expenditure focused on the Group's West African producing assets, Tullow forecasts it will generate c. $7 billion of operating cashflow over the next 10 years. After capital investment of c. $2.7 billion, there will be c.$4 billion cash flow available for debt service and shareholder returns which Tullow will initially apply towards reducing gearing to 1-2x net debt / EBITDAX while retaining appropriate liquidity. $4B cash flow on $55 to pay downs debt , we are way higher than that and still market think we are doom. | dros1 | |
22/2/2023 13:02 | Exactly right dealy. Which means TLW are hostage to the OP. OP really needs to be >$95 otherwise no meaning reduction in debt here. | xxnjr | |
22/2/2023 12:58 | The weakness in this stock has got nothing to do with what you are describing. It's because the company has too much debt on the balance sheet and potentially too much debt off the balance sheet in the form of tax claims. | dealy | |
22/2/2023 12:54 | Time for Rahul / CEO to sack the Corporate Brokers. They do nothing but "weight" the sell side of the order book. Everytime the price rises they quickly weight the sell and drag it back. Been doing it for months now... | crazi | |
22/2/2023 10:51 | Plus some farm downs along the way although my memory is a bit rusty these days. Did we really get $2.9bn? | xxnjr | |
22/2/2023 10:38 | Hi dros1 Tullow discovered oil in Uganda in 2006 and after many hold ups and law suits and tax costs ended up selling up at a loss about 15 years later. Should have been a company maker with shares hitting £15 and now 33phttps://www.tullo | mccracken227 | |
22/2/2023 10:35 | What elaboration do you need given the chart, the Capricorn fiasco, the failed drilling programs, the unravelling/delay after delay if deals with tin pot dictators and corrupt officials. Only ones that get what they want are the Chinese and Russians | badger36 | |
22/2/2023 10:30 | Aiflex hi i am new investor hear will you please elaborate on your last post ? | dros1 | |
22/2/2023 08:49 | Every deal is unraveling and production dropping. Exploration nothing but sulphur, water or weather related issues. As we approach the 20s it's not good | badger36 | |
22/2/2023 08:46 | Kenya's president William Ruto is imposing strict conditions on any change of ownership deal for oil blocks in the northwestern Turkana region. A deal between Tullow Oil and ONGC has stalled because authorities have not approved the Field Development Plan. | adrian j boris | |
22/2/2023 08:38 | Looks like this is Uganda all over again, probably never happen thats probably why were at 2 year lows. | alfiex | |
22/2/2023 07:25 | Tullow and ONGC's Turkana oil deal still blocked due to government procrastination Kenya's president William Ruto is imposing strict conditions on any change of ownership deal for oil blocks in the northwestern Turkana region. A deal between Tullow Oil and ONGC has stalled because authorities have not approved the Field Development Plan African intel 21/02/2023 | billy_buffin | |
21/2/2023 14:09 | Rig has moved off JSE after about 115 days, drilling 3 new development wells to TD. These will be completed later on. Now moved to the Jubilee main field producing area so as a guess may be drilling a new producer (or possibly doing a workover?). A new main field producer coming on in say 70 days IS needed seeing as Dec monthly production dropped to 75.5K. 'TEN' or 'EN' (since T no longer produces anything) came in as expected at 22.9K. | xxnjr | |
18/2/2023 19:27 | Isn't this just a self serving politician dressing up standard relinquishment terms as "reclaiming" just to garner votes from the general public who generally speaking aren't familiar with PSC agreements? | xxnjr | |
17/2/2023 15:27 | For neck and downright contempt you have to admire them if only for the brazenness of taking salary increases and bonuses for failure after failure What has Dhir achieved other than appearances of rectitude only for the stock to be cut in half after the Capricorn fiasco | badger36 | |
16/2/2023 00:04 | Ghana experts talking sense | subsurface | |
15/2/2023 23:57 | CNE shareholders had a lucky escape when they vetoed the Tullow deal! | xxnjr | |
15/2/2023 17:21 | Would not be surprised if they come running back to TLW....what a game. | kulvinder |
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