Tullow Oil Share Price (TLW)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Tullow Oil	LSE:TLW	London	Ordinary Share	GB0001500809	ORD 10P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-0.20p	-0.08%	246.80p	9,805,387	16:35:15

Bid Price		Offer Price	High Price	Low Price	Open Price
245.70p		246.00p	252.80p	245.20p	245.20p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	1,275.31	-221.45	-10.88		3,436.3

Related Shares
Shell A (RDSA), BP (BP.), Spitfire Oil (SRO), Path Investmen. (PATH)

Tullow Oil (TLW) Latest News

Tullow Oil News

Date	Time	Source	Headline
17/9/2018	12:28	ITALNC	LONDON MARKET MIDDAY: Preoccupazioni commercio spingono azioni in calo
17/9/2018	07:21	ALNCF	Alliance News Flash Headline
13/9/2018	11:48	ITALNC	Total acquista 25% in piattaforma Atlantic Orinduik di Eco
12/9/2018	11:47	ITALNC	EUROPEAN MARKET MIDDAY: Borse in rialzo in vista incontri BCE e BoE
10/9/2018	11:42	ITALNC	EUROPEAN MARKET MIDDAY: Titoli poco mossi, Mib indice migliore
05/9/2018	16:19	DJN	Tullow to Drill First Well Offshore Guyana in 3Q 2019 -Reuters
03/9/2018	13:00	UKREG	Tullow Oil PLC Director/PDMR Shareholding
31/8/2018	14:40	UKREG	Tullow Oil PLC Total Voting Rights
31/8/2018	09:09	DJN	Eco Atlantic Says Exxon's Guyana Discovery is Positive for Orinduik License
13/8/2018	13:19	ALNC	United Oil & Gas Says Tullow Delivers New 3D Survey Of Walton-Morant

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Date	Time	Title	Posts
24/9/2018	06:25	Tullow Oil PLC - Poised for a Takeover?	33,204
25/7/2018	08:35	Tullow Oil (TLW) One to Watch on Wednesday	-
11/4/2018	11:41	L2 - Observations, comments and screenshots	49
10/3/2017	13:24	Tullow Possible Bid Approach Rumours 10.3.17. Discuss	1
16/9/2016	10:31	Tullow	12

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Tullow Oil (TLW) Top Chat Posts

Date	Subject
23/9/2018 09:20	Tullow Oil Daily Update: Tullow Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TLW. The last closing price for Tullow Oil was 247p. Tullow Oil has a 4 week average price of 212.10p and a 12 week average price of 211.20p. The 1 year high share price is 279.30p while the 1 year low share price is currently 162.20p. There are currently 1,392,343,005 shares in issue and the average daily traded volume is 6,347,343 shares. The market capitalisation of Tullow Oil is £3,436,302,536.34. Read Full Thread Reply
03/9/2018 07:40	bootycall: xxnjr1. Please go ahead and short away. I was deeply disappointed by the Kosmos result...I also wanted blood. Why indeed was no person fired for what appears to be such a whopping administrative error ?Now let’s consider the mitigating circumstances. The rig contract was an eye watering $600k per day and TLW was in a toxic position legally and politically. With acreage commitments on both sides of the disputed Ghana/Ivory Coast border and such an aggressive land grab from the Ivorians on their principal asset, they needed to proceed with great caution. The argument that they could have drilled elsewhere and avoided force majeure ( used by Seadrill in the court case) whilst technically correct, is forgetting the fact that other locations did not offer the same cost benefit / or cost recovery terms. They lost on a point of law not a reflection of the pragmatic business reasons for contract termination . How do you redeploy a rig into other acreage when you do not have the same licence partners in other locations to contribute to the day rate? The reason it cost Tullow so much money is that the ITLOS debacle occurred in the most vicious downturn where the RIG OPERATOR could not deploy on similar rates anywhere else. Sounds like a bit of a “black swan “ event to me.The main board only approved the fast drill out of Ten and Jubilee on such a long term contract because of the anticipated cash flows,attractive cost recovery and prevailing oil prices. I remember at the time how African E&P companies were complaining at lack of rig availability and the service companies could dictate terms. The most interesting point I think I can probably make in Tullow’s defence is that they believed that were executing an agreed position amongst the partners regardless of Kosmos ability to wriggle out of their liability. Interesting that all of the other partners to the agreement have now paid their cash calls and not entered into further legal disputes with Tullow. Suggests that Tullows argument that the operating committee followed normal industry procedures must be at least partially true . Which brings me back to some other homes truths. Perhaps you will contrast the conservatism of Tullows market guidance with the forward looking statements in Kosmos quarterly reports. Then look at the outperformance of Kosmos stock even though they have very similar asset portfolios. Isn’t it great to be owned by private equity. Interesting how Tullow has just cleaned up in the latest licensing round in the Ivory Coast and then farmed straight out to Cairn. I wonder whether Kosmos would have been interested in those assets ? :) I really enjoy your posts which are well researched and show great industry knowledge but in my humble ( ok sometimes big headed ) opinion, I am just turning major bull on a Tullow. All of the analysts are by necessity applying normal decline rates on Jubilee production because they have not yet seen a reserve report that allows them to do much to the contrary. I believe that this will change decisively during the current drilling programme. I am willing to speculate that Tullow will show it can produce to the full nameplate capacity of the two FPSOs for several years as a result of infill drilling. Furthermore if one applies a $70 oil price to this level of production,the share price is headed substantially higher based on Ghana alone. Jubilee, has a history of substantial reserve upgrades. This, I believe,is a function of the difficulty of initially estimating recoverability ratios on immature fields. This was exacerbated by technical uncertainty of whether a gas offtake from Jubilee would be able to get financing. More recently we had the potential issue of whether there would be reservoir damage from high production rates without remedial work opportunities during the ITLOS dispute. We even had to retrofit filters to existing wells to stop sand clogging. I am not a petroleum engineer but I have researched this in some depth. To achieve share price outperformance, I do accept there needs to be a catalyst. I also agree that the Namibian acreage represents a cluster of 100m barrel prospects and is pretty high risk. I doubt if a Kenyan farm in is around the corner. The other non operated acreage in West Africa is exceptionally high return but does not materially change things. So why am I bullish ? Quite simply ... Guyana ! If the stock market does not wake up ...I speculate that a major will take a pop at Tullow and then Exxon will in my opinion most likely join in. Do you honestly think the board of Tullow is so stupid that they will not now prioritise Guyana ? Eco Atlantic has to the best of my knowledge specifically referred to their “partner”; on the licence agreeing that certain prospects on this acreage have been derisked. This is hardly surprising since they are close to finishing their own 3D seismic interpretation and Hammerhead is 7kms from the block and one the prospects overlaps. If Tullow was previously talking about 1bn barrels of risked prospects on the block, I believe the number is more like 5-6 billion unrisked. I do accept that these prospects are channel sands and similar to Ghana will have to be drilled out rather than inferred as a stratigraphic resource. Shorting Tullow could represent a short term trading opportunity if oil prices come off. From where I am standing Tullow has 20-30p downside and enormous upside. Shorting can be dangerous to your health. Read Full Thread Follow Reply
22/8/2018 17:06	bootycall: Tullow's share price performance has been dampened in recent years by the discipline of selling forward a large proportion of production to meet its Reserve Based Lending obligations. The forward price curve has been at a major discount compared to historical norms because a large number US shale producers have been forced to sell forward to ensure they are able to service debt obligations as opposed to making any positive cash flow. I am pleased to note that the forward curve in the last few months has been looking far more favourable for Tullow. Combine this fact ,with dollar strength, the two Ghana FPSO's reaching nameplate capacity in the relatively near future and Guyana looking as though it might be one of the hot spots in world E&P right now..... https://www.theice.com/products/219/Brent-Crude-Futures/data?marketId=222462&;span=3 The only disappointment is only one "exploration" well be drilled by Tullow this year but with two rigs now operating in Ghana, I would expect reserve upgrades to drive share price appreciation. DYOR Read Full Thread Follow Reply
17/7/2018 10:06	fraserdean: As long as Brent is in the $65 plus range then Tullow is very happy, the share price is always a drama queen, it's all about getting Ghana production up, FID on Uganda would be nice, Kenya less certain but not much value in the share price. Need to restock exploration acreage, Namibia well is high risk and not good enough returns, ivory coast is years away Read Full Thread Follow Reply
28/6/2018 20:44	rationaleee: There seems to be an inherent arbitrage activity going on with TLW. The Convertible bond that TLW issued in 2016 seems to be the reason. The share price effects seem similar to what PMO had with their convertibles holding their share price down. Obviously TLWs Convertible Bond is much smaller compared to its market cap, but if the HFs are doing the arbitrage activity like in PMOs case then it is in their interest to keep the share price on or below the conversion price. This is of course just speculation but i think the Convertible Bonds are having some sort of an impact on TLWs poor return because its hard to explain why TLW has gone up from 145p to only 270p when oil went in the same period from $47 to $80/bbl. As a leveraged player with improving financials the share price should be much higher even after taking into account the Rights Issue. I think we should pay the convertible bond off or force conversion so the share price could move higher in a confident way. Read Full Thread Follow Reply
14/6/2018 14:32	teamwork1: True tlw share price should be 3 Read Full Thread Follow Reply
09/1/2018 13:29	leoneobull: https://www.fool.co.uk/investing/2018/01/09/why-tullow-oil-plc-is-a-turnaround-stock-id-buy-for-2018/ While 2017 may have seemed like another disappointing year for Tullow Oil (LSE: TLW), the reality is that it was a positive 12 months for the business. Certainly, its share price may have fallen by 31% in the last year at the same time as many resources companies made gains. However, the company was able to raise funds and also increase production. In fact, according to its most recent update, debt levels are falling and its financial outlook remains positive. As such, now could be the perfect time to buy it ahead of a potential turnaround. Improving performance As mentioned, Tullow Oil is in the process of increasing production levels. This may not sound like a particularly major step for it to take, but for a business that was focused on exploration, a move to higher production represented a key pivot which could improve its share price performance. One area where the stock has been seen as risky is with regards to its balance sheet. It has historically run high levels of debt. While in more prosperous times for the oil and gas industry that was not a problem, in an era of low oil prices it has caused concern for investors who are worried that the company’s future is highly uncertain. Now though, production is rising rapidly and debt levels have recently started to fall. This process of reducing debt from higher production ties in with the prospect of a return to profitability. A small pre-tax profit of £22m is expected to be reported in 2017 before a forecast rise to over £150m in 2018. Despite such a rapid potential growth rate in profitability, Tullow Oil trades on a price-to-earnings growth (PEG) ratio of just 0.1. This suggests that a turnaround is on the cards, and could mean its share price surges higher this year. Read Full Thread Follow Reply
03/2/2017 21:24	gary38: Hurricane Energy and EnQuest among the few 'buys' left in oil sector - MacquarieShare 11:33 03 Feb 2017"Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view.oil platformValuations in the oil sector have caught upIt is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie.Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded.Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a 'neutral' rating.Three of Macquarie's 'top picks' retain their 'buy' recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI).Of the three, Hurricane Energy is deemed to have the clearest value opportunities."Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view."Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016."Macquarie has a 90p price target for Hurricane (current price: 51.25p).EnQuest, meanwhile, is Macquarie's pick for further oil price leverage combined with low risk project progression."Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016," Sloan said."We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery."Macquarie has a 79p target price for EnQuest (current price: 46.34p).Sloan added that Africa Oil's has very attractive upside through de-risking the discoveries in Kenya's South Lokichar basin, where it partners Tullow. Read Full Thread Follow Reply
11/1/2017 13:05	mariopeter: Sitting here thinking if they proved up Kenya and sold 90% Kenya for $2.3 b cash and 700m development carry would we be happy ? TLW share price would probably hit £10+. Total have the lolly ($23b). Used $6 per recoverable barrel like the Ugandan deal and assumed 500m recov barrels.....its a nice thought....net debt to equity of 30% going forward. Who knows. Read Full Thread Follow Reply
11/12/2015 15:32	jacko07: A bit of a bounce as the shorts cover, but it all looks so dodgy to be long in this one. Oil price down over 10% since the OPEC meeting a week ago. TLW share price has dropped over 15% and is heading toward 150p. I agree with NY Boy TLW will be in serious trouble if oil prices continue to weaken. It will become impossible for TLW to redeem their debt and that will be when they have to start selling assets. That could lead to their crashing in a short time with the big boys buying the good parts. That has to be an even money shot if these markets continue down. Read Full Thread Follow Reply
06/8/2015 09:49	bobsidian: There seems to be expectation that the price of WTI crude oil will drop in the near future below $40 which could drag the price of Brent crude oil down into the mid $45 range. Were this to happen then TLW could see its share price tumble to as low as £1.50 - around its next natural support level. A potentially hefty share price tumble. But then as always when viability concerns become paramount so outsized share price moves to the downside seem to occur. If the above comes to pass and speculation about viability proves unfounded then a sharp reverse back up in the price of oil could give rise to outsized moves to the upside in the share price of TLW. It is noted that since TLW already exited the FTSE100 back at the March review then there will be no additional downside pressure on the share price from forced selling linked to an index exit. All sector bear markets have a conclusion. The problem is that their ultimate conclusion can see share price plunges by sector participants so extreme as to be offputting to any buyer. Interestingly the intraday share price plunge on Wednesday 29 July did have shades of that kind of conclusion. I suppose you look for benchmark share price performances of sector participants to provide an indication of an ultimate low. Perhaps one such benchmark could be the share price of BP. revisiting its £3 low last seen in 2010. Or another could be sight of the share price of RDSB revisiting its 2008 lows around the £12 level. The tracking of either one of those moves could see the share price of TLW at the £1.50 level. Read Full Thread Follow Reply

Tullow Oil share price data is direct from the London Stock Exchange

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