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 default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

TLW Tullow Oil Plc

24.54
-0.08 (-0.32%)
Last Updated: 09:19:34
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 Shares Traded Last Trade
  -0.08 -0.32% 24.54 2,069,220 09:19:34
Bid Price Offer Price High Price Low Price Open Price
24.24 24.34 25.44 24.54 24.72
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 1.63B USD -109.6M USD -0.0752 -3.30 359.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:16:36 O 1,000 24.268 GBX

Tullow Oil (TLW) Latest News

Tullow Oil (TLW) Discussions and Chat

Tullow Oil Forums and Chat

Date Time Title Posts
11/12/202416:16Tullow Oil PLC - Poised for a Takeover?60,861
29/11/202415:00TULLOW OIL4,425
21/10/202214:22The All New Tullow Thread326
09/9/202119:38Tullow58
04/3/202109:53TULLOW OIL - worth another look?4,388

Add a New Thread

Tullow Oil (TLW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:16:3624.271,000242.68O
09:11:5324.24700169.68O
09:11:5324.24512124.11O
09:11:5324.24800193.92O
09:11:2324.3023,8545,796.33O

Tullow Oil (TLW) Top Chat Posts

Top Posts
Posted at 05/12/2024 11:43 by xxnjr
Not dancing a jig! It's kind of sad it's come to this. I do feel he got off to a bad start by demanding 9m share options to justify his appointment. These options were AIUI to 'compensate' for the loss of options from his previous employer who he was then leaving to join Tullow. But since strategy there had also unravelled and his previous company owners had decided to wind up that company one presumes those options would have been worthless?

He's proven to be good at running at tight ship with high FPSO uptime, efficient drilling etc. Probable instilled a decent, calm, stable working culture in TLW HQ. But the main thrust of Rahul's strategy to concentrate on Ghana appears to have been a bad misjudgement. Was it wise to invest $1bn gross in JSE + Jubilee in the middle of an oil price crash? Results of that investment vs projections have been very disappointing. None of his asset sales produced the envisaged contingent payments. And for the last 2 yrs we only got diversionary waffle about 'shared prosperity' and unrealistic upsides aka the plate spinning circus act.

Dunno what it means for the future. Result of the arbitration could be critical. Also depends on the reserves in Ghana. If they are still there (no massive downgrade) then maybe an incoming CEO could reposition the company in a more balanced way by acquiring mature assets in Nigeria, or Angola. Or maybe we just get absorbed by Seplat.

Let us hope Rahul doesn't sell share holders down the river to save his own skin (to monetise his share options).
Posted at 04/12/2024 16:13 by julian1000
At last, larger volumes and a rising share price....here's hoping!
Posted at 28/11/2024 12:34 by ashkv
Tullow is teetering - Ghana being tardy with gas payments is out of the blue and material to debt refinancing prospects / going concern for Tullow!!!

"The final position within the revised range for 2024 will depend on realised prices of four cargos yet to price, progress on receipt of the overdue gas payments from the Government of Ghana (currently c.$40 million outstanding) and working capital movements."

Tax Arbitration -> Not worth the risk to be in Tullow prior to the outcome of the below. It is expected that Tullow should prevail in court - however, if the outcome is not as expected TLW equity goes to ZERO!!!

"The outcome of the arbitration in respect of the Ghana Branch Profits Remittance Tax assessment is now expected by the end of the year."



Share Price -> 20.50p
TLW share price vs 52 Week low of 20p on 13 Nov 24 -> 2.50%
TLW share price vs 52 Week High of 40.32p on 31 May 24 -> 96.68%
Brent Price -> $73.30
Outstanding Shares -> 1,458,470,214
Market Cap GBP -> £298,986,394
GBPUSD -> 1.2675
Market Cap USD -> $378,965,254
Net Debt USD (Per Nov 24 Trading Update Forecast YE 2024) -> $1,400,000,000
TLW Q1-Q3 2024 Avg Production [Excluding 6.5kboepd of Gas] -> 55,500
TLW 2024 Low-Guidance Excluding 7kboepd gas [Revised Per Q1 Trading Update - May 2024] -> 55,000
TLW 2023 Avg Production (Excluding 6kboepd Gas) -> 57,000
TLW 2022 Avg Production -> 61,100
Enterprise Value (USD) -> $1,778,965,254
EV/BARREL-USD Q1-Q3 Avg 2024 Production [Excluding 6.5kboepd of Gas] -> $32,053
EV/BARREL-USD 2024 Low Guidance Excluding 7kboepd gas [Low Guidance Indicated per Q1 2024 Update RNS] -> $32,345
EV/BARREL-USD 2023 Avg Production (Excluding 6kboepd Gas) -> $31,210
EV/BARREL-USD 2022 Avg Production -> $29,116
Abandonment / Decommissioning Liability (FY 2023 Results) -> $377,900,000
EV/BARREL (2024 Low Guidance) with Decommissioning Liability -> $39,216
2P Reserves per FY 2023 Results -> 212,000,000
Enterprise Value / 2P Reserves (Per Barrel) -> $8.39
EV (Including Decom)/2P (Per Barrel) -> $10.17
Posted at 28/11/2024 10:40 by xxnjr
Tullow Oil’s share price was down more than 10% in early morning trading on Thursday after the company reported its free cash flow for 2024 will be significantly below expectations.

The London-listed player, whose key operated assets are the producing Jubilee and Tweneboa-Enyenra-Ntomme (TEN) fields offshore Ghana, had previously guided that cash flow for this year would be in the $200 million to $300 million range.

However, in a trading update, the company reported that due to production issues at Jubilee, free cash flow is now predicted to be between $150 million and $200 million.

[You need a subscription to read the article from Upstream]
Posted at 27/11/2024 08:04 by xxnjr
Good. Something needs to happen to counteract current failed strategy.

Meanwhile. Tacky Races. Will Rahul get another massive bonus, which for 2024 year will have 50% of the potential award calculated on TSR of TLW vs TSR of the nominated comparator group.

2024 YTD share price Gain/Loss

Africa Oil: -20.5%
Capricorn: 7.85%
Energean: 5.14%
Enquest: -12.0%
Harbour Energy: -18.46%
Kosmos Energy: -43.09%
Pharos Energy: -4.89%
Seplat Energy: +68.77%
BW Energy: -26.47%
Diversified Energy: 6.88%
Maurem et Prom: -11.23%

Average of comparator group: -4.36%

TLW YTD: -39.7%

Answer no!

He will still get bonus from other 'soft' KPI's like riding a bicycle to work, smiling to the reception desk etc etc. But the poor share price performance has halved the "opportunity" from 4X of base salary to 2X.
Posted at 13/11/2024 20:20 by zingaro
Perhaps some unplanned maintenance to get the output up. Perhaps this leaked and is the reason for the Oct-Nov fall in share price.
Posted at 07/9/2024 08:57 by grupo guitarlumber
Tullow Oil (TLW) Share Forecast & Price Target


Moderate Sell

3Ratings
1 Buy
0 Hold
2 Sell

Based on 3 analysts giving stock ratings to Tullow
Oil
in the past 3 months

TLW Stock 12 Month Forecast
38.67p
▲(63.30% Upside)

Based on 3 Wall Street analysts offering 12 month price targets for Tullow Oil in the last 3 months.

The average price target is 38.67p with a high forecast of 55.00p and a low forecast of 25.00p.

The average price target represents a 63.30% change from the last price of 23.68p.

TIPRANKS
Posted at 03/8/2024 06:47 by xxnjr
Wacky Races YTD Rankings

Will the FOOL at the top get a 2024 TSR Bonus (AIUI 50% of the approx $2.4m "opportunity" = $1.2m) based on TLW share price performance vs the comparator group?


Seplat Petroleum (Best)
Pharos Energy
Harbour Energy
BW Energy
Diversified Energy
Maurel et Prom
Energean
Capricorn
Africa Oil
Enquest
Tullow/Kosmos (Worst)

Answer: Currently NO, as equal bottom with Kosmos.
In addition most of the above also pay divi and/or buy back shares.

For clarification
"Fool" is just IMO and refers to the decision to exit Namibia mid-drill. Rankings approx and based on YTD ADVFN share price comparison charts.
Posted at 21/6/2024 10:24 by xxnjr
OTOH it's difficult to imagine Tullow remaining independent.

7% bonds are partly being repaid with $400m of 15% debt.
10.25% bonds will be replaced but at what cost?

Surely TLW would be in a much better position, transformed even, if it were absorbed by an undertaking with a lower cost of capital? Sadly though, not suggesting there will be a knock out take out price.

There doesn't need to be a knock out take out price.

Mr Dhir now has about 24.5m shares. As a result of awards, like this


Even at todays SP, Mr Dhir will make a truck load of money. An unfortunate aspect of the scheme AFAICS is, the lower the share price at time of award the more shares the CEO receives, as 50% of annual bonus is awarded not as cash, but as shares.

(Awarded Bonus divided by low spare price = higher no. of shares granted.)
Posted at 16/5/2024 07:20 by ashkv
HBR, SQZ, PTAL etc appear dirt cheap in comparison to TLW - surprised share price hasn't corrected to sub 30p based on this horrendous update re low guidance for 2024 being the new bar!!!



Share Price -> 36.25p
TLW share price vs 52 Week low of 23.94p on 1 June 23 -> 51.42%
TLW share price vs 52 Week High of 39.94p on 6 Sep 23 -> -9.24%
Brent Price -> $83.20
Outstanding Shares -> 1,456,705,746
Market Cap GBP -> £528,055,833
GBPUSD -> 1.27
Market Cap USD -> $670,630,908
Net Debt USD (YE 2023 Per March 2024 RNS) -> $1,608,000,000
TLW Q1 2024 Production [Excluding 7kboepd of Gas] -> 52,000
TLW 2024 Low-Guidance Excluding 7kboepd gas [Revised Per Q1 Trading Update - May 2024] -> 55,000
TLW 2023 Average Production (Excluding 6kboepd Gas) -> 57,000
TLW 2022 Average Production -> 61,100
Enterprise Value (USD) -> $2,278,630,908
EV/BARREL-USD Q1 2024 Production [Excluding 7kboepd of Gas] -> $43,820
EV/BARREL-USD 2024 Low Guidance Excluding 7kboepd gas [Low Guidance Indicated per Q1 2024 Update RNS] -> $41,430
EV/BARREL-USD 2023 Average Production (Excluding 6kboepd Gas) -> $39,976
EV/BARREL-USD 2022 Average Production -> $37,293
Abandonment / Decommissioning Liability (FY 2023 Results) -> $377,900,000
EV/BARREL (2023 Guidance) with Decommissioning Liability -> $46,606
2P Reserves per FY 2023 Results -> 212,000,000
Enterprise Value / 2P Reserves (Per Barrel) -> $10.75
EV (Including Decom)/2P (Per Barrel) -> $12.53
Tullow Oil share price data is direct from the London Stock Exchange

Tullow Oil Frequently Asked Questions (FAQ)

What is the current Tullow Oil share price?
The current share price of Tullow Oil is 24.54p.
How many Tullow Oil shares are in issue?
Tullow Oil has 1,458,261,760 shares in issue.
What is the market cap of Tullow Oil?
The market capitalisation of Tullow Oil is GBP 359.02 M.
What is the 1 year trading range for Tullow Oil share price?
Tullow Oil has traded in the range of 20.00p to 40.32p during the past year.
What is the PE ratio of Tullow Oil?
The price to earnings ratio of Tullow Oil is -3.30.
What is the cash to sales ratio of Tullow Oil?
The cash to sales ratio of Tullow Oil is 0.22.
What is the reporting currency for Tullow Oil?
Tullow Oil reports financial results in USD.
What is the latest annual turnover for Tullow Oil?
The latest annual turnover of Tullow Oil is USD 1.63B.
What is the latest annual profit for Tullow Oil?
The latest annual profit of Tullow Oil is USD -109.6M.
What is the registered address of Tullow Oil?
The registered address for Tullow Oil is 9 CHISWICK PARK, 566 CHISWICK HIGH ROAD, LONDON, W4 5XT.
What is the Tullow Oil website address?
The website address for Tullow Oil is www.tullowoil.com.
Which industry sector does Tullow Oil operate in?
Tullow Oil operates in the CRUDE PETROLEUM & NATURAL GS sector.

Your Recent History

Delayed Upgrade Clock