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TLW Tullow Oil Plc

-0.52 (-1.45%)
Last Updated: 10:18:52
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
  -0.52 -1.45% 35.46 1,250,903 10:18:52
Bid Price Offer Price High Price Low Price Open Price
35.24 35.62 36.64 34.84 36.64
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 1.78B USD 49.1M USD 0.0339 10.46 513.85M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:21:07 O 5,000 35.3922 GBX

Tullow Oil (TLW) Latest News

Tullow Oil (TLW) Discussions and Chat

Tullow Oil Forums and Chat

Date Time Title Posts
04/12/202309:43Tullow Oil PLC - Poised for a Takeover?59,475
15/11/202311:53TULLOW OIL4,287
21/10/202214:22The All New Tullow Thread326
04/3/202109:53TULLOW OIL - worth another look?4,388

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Tullow Oil (TLW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Tullow Oil (TLW) Top Chat Posts

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Posted at 04/12/2023 08:20 by Tullow Oil Daily Update
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 35.98p.
Tullow Oil currently has 1,449,108,251 shares in issue. The market capitalisation of Tullow Oil is £509,506,461.
Tullow Oil has a price to earnings ratio (PE ratio) of 10.37.
This morning TLW shares opened at 36.64p
Posted at 27/11/2023 18:05 by xxnjr
8/9 "Switched to PFC" share price was 77p

10/10 "PFC looks good as a energy investment" share price was 72p

21/11 "Added PFC today" share price was 37P

22/11 "Money moving to PFC" share price was 36p

27/11 "money moved to PFC" share price now 32p

Thanks for posting blackhorse23. Glad I stayed in TLW and didn't "follow the money" to PFC but good luck with that one.
Posted at 23/10/2023 16:13 by ariane
Josh Lamb

Tullow Oil upgraded on growing production

Published: 15:39 23 Oct 2023

Tullow Oil PLC - Tullow Oil receives analyst upgrade

Tullow Oil PLC (LSE:TLW) has come into favour among Jefferies analysts on the back of high commodity prices and growing production prospects.

In a research note, Jefferies pointed to improving production at Tullow’s Jubilee field offshore Ghana as key in its decision to upgrade the firm’s rating from ‘underperform’ to ‘hold’.

Risks on some US$633 million worth of senior notes, which are due to mature in 2025, have largely been priced into Tullow’s shares meanwhile, the bank added.

It said lower-than-anticipated capital expenditure in the future also bodes well for Tullow, which has benefitted alongside peers from higher commodity prices in recent months.

Tullow received a hefty upgrade on its share price target as a result, from 25p to 35p - marking a prospective rise of 5% on Friday’s close.

“Tullow equity remains a play on debt refinancing risk versus operational improvement,” Jefferies added.

Tullow is due to provide a trading upgrade in early November, with Jefferies suggesting trends toward 100,000 barrel-per-day production at the Jubilee field would mark a positive sign.

Posted at 11/10/2023 12:35 by reubenblackgold
My track record for predicting tlw price movements is second to none.

Look at the losers who have been wrong for over 2 years, calling for multiple take overs, and claiming that shorts are closing due to a large UT.
Posted at 04/10/2023 12:46 by xxnjr
mcs, well I wouldn't jump ship if I were you just now. I mean why crystallise a 65%, or whatever loss when things are finally starting to look promising?

There IS risk in holding, as the investment case here is reliant on the Jubilee FPSO not conking out for an extended period! And ofc the OP, the Stock Market etc etc could crash. Arbitration may throw a curved ball. Events, Dear Boy! But if you can live with that, one would have thought lower CAPEX and higher FCF next year ought to reduce debt, which ought to eventually result in a higher share price I don't have a share price target myself but I'm prepared to give Rahul, also our CFO and Wissam (TLW Ghana MD) the benefit of the doubt as they seem to know what they are doing (I don't see how they could have done better with JSE - at least from the asset performance so far).

I ascribe no value to Kenya. If it happens, which would be a pleasant surprise to me, then thats a bonus.

Some of the commentary on here/elsewhere can be either way too optimistic, or relentlessly negative. DYOR is my advice. Form your own conclusions and don't be swayed by manipulative posts that lack accuracy.
Posted at 04/10/2023 12:36 by bootycall
Anton over at LSE has sharpened his skills as a super sleuth. Unless I am mistaken, a large delegation from Ghana will be attending Africa Oil Week commencing on the 9th October. By the looks of the Conference agenda I would say we might be getting a lot of explanations for some very overdue news ? I distinctly feel a “love in” designed to attract external investment to the oil sector in Ghana.
All too often shareholders have been let down by delays and prevarication..eventually two sides see sense and resolve their problems.
Tullow tried to give shareholders a sense of what was to come. Firstly our cash generation was stated by the FD to be $75m for July and August..but hold on there. Jubilee SE only came on stream on the 14th July and the new gas price ($2.90per mmcf) was only levied from the month of August. Add to that the unwinding of historic low prices for a decent chunk of our hedge portfolio ..I would not be surprised in we were achieving close to $50m per month of free cash at current oil prices by the end of the year.

If Africa Oil week gives a reliable timescale for a new Ten development programme? and/or a revised long term gas sales agreement for exported gas, we can all start to celebrate. Repayment of a chunk of debt or another tender offer, should set the tone for a major share price recovery.
Only time will tell… Booty

Please do not rely on the facts or opinions expressed in the above post when making an investment decision. I have no knowledge of what may, or may not, be announced, at Africa Oil Week…my comments are based on conjecture.
Posted at 26/9/2023 08:48 by reubenblackgold
Oil price in the $90S, TLW producing about 63k BOPD, and the share price struggling to hold 35p. Where is the upside here.....
Posted at 28/7/2023 22:17 by xxnjr
Random end of week comments. OP is continuing to power ahead. Now at $84.40 Wouldn't be surprised if there was a $5 pullback but we may just be entering a period of stronger brent pricing going ahead; if so should be good for TLW share price :)

The only oil price that matters to Tullow is the OP for days 1 to 5 after a c.1m bbl tanker loading dedicated to TLW ships. Thats how cargos are priced. So lucky for TEN, that a cargo shipped the other day, 65 days after previous shipment, given that OP was weak during most of that 65 day period but was stronger when the cargo actually shipped. Having said that, dedicated cargos are either for TLW, KOS, or GNPC..... we won't know the recipient until update their data.

Can't say I've noticed much evidence of 'JUB 100k' but may have some good news on that front soon!
Posted at 25/7/2023 15:41 by xxnjr
Yes, an interesting report SS. Certainly debunks my thoughts. The current movers and shakers in Riyadh are possibly a bit arrogant which could mean a few surprises if MBS doesn't get his way with oil prices in the medium term. Anyway let's hope OP stays over $80/bbl!

Look's like TLW share price trying to get through 200 EMA.....
Posted at 19/7/2023 14:10 by ashkv
Oil rocketing and TLW share price going down!!! Doesn't jive - given how leveraged TLW is and each $1 higher in brent is critical to the firm!!
Posted at 17/5/2023 07:37 by subsurface
from LSE poster

I emailed TLW last week asking what they have implemented in terms of buying back the bonds and refinancing and what they are doing to address the share price decline.

Response -

We understand your frustration with the recent share price performance. We are focused on maximising cash flow generation from our high quality portfolio through rigorous cost management, disciplined capital deployment and operating efficiency. Although this has not yet translated into our share price, we remain confident that the growth strategy we have laid out will drive material value creation for our shareholders, as well as shared prosperity for our host nations and communities over the next few years.

We continue to progress our review of a range of refinancing options and we may seek to retire or purchase outstanding debt from time to time through cash purchases or exchanges in the open market or otherwise.
Tullow Oil share price data is direct from the London Stock Exchange

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