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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.38 | -1.53% | 24.40 | 1,516,012 | 15:48:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 24.30 | 24.52 | 25.46 | 24.40 | 25.46 | |
| 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 | 361.36M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:48:35 | O | 10,000 | 24.52 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/10/2024 | 13:30 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 12/9/2024 | 15:00 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 02/9/2024 | 10:15 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 16/8/2024 | 10:45 | UK RNS | Tullow Oil PLC Director/PDMR Shareholding |
| 07/8/2024 | 13:46 | ALNC |  Tullow Oil gets strong first-half profit growth despite revenue slip |
| 07/8/2024 | 07:00 | UK RNS | Tullow Oil PLC 2024 Half Year Results |
| 01/8/2024 | 10:50 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 01/7/2024 | 10:30 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 03/6/2024 | 13:50 | UK RNS | Tullow Oil PLC Total Voting Rights |
| 24/5/2024 | 16:14 | ALNC | TRADING UPDATES: Surface Transforms and FRP placings oversubscribed |
Tullow Oil (TLW) Share Charts1 Year Tullow Oil Chart |
|
1 Month Tullow Oil Chart |
Intraday Tullow Oil Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/10/2024 | 09:41 | Tullow Oil PLC - Poised for a Takeover? | 60,765 |
| 11/10/2024 | 14:07 | TULLOW OIL | 4,423 |
| 21/10/2022 | 15:22 | The All New Tullow Thread | 326 |
| 09/9/2021 | 20:38 | Tullow | 58 |
| 04/3/2021 | 09:53 | TULLOW OIL - worth another look? | 4,388 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:48:35 | 24.52 | 10,000 | 2,452.00 | O |
| 14:48:25 | 24.40 | 1,790 | 436.76 | AT |
| 14:48:25 | 24.40 | 776 | 189.34 | AT |
| 14:48:25 | 24.56 | 161 | 39.54 | AT |
| 14:42:30 | 24.56 | 3,069 | 753.75 | O |
| Top Posts |
|---|
Posted at 24/10/2024 09:20 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 24.78p.Tullow Oil currently has 1,458,261,760 shares in issue. The market capitalisation of Tullow Oil is £361,648,916. Tullow Oil has a price to earnings ratio (PE ratio) of -3.30. This morning TLW shares opened at 25.46p |
Posted at 04/10/2024 08:55 by xxnjr Maybe of interest to anyone in TLW for the long term (as opposed to day/short term traders). Research from Brevarthan with some questions raised on possible lease arrears due to Tullow from GNPC. To be fair, one could argue, previous Brevarthan stuff on Tullow has offered a more realistic perspective on the company than the company itself portrayed!"Tullow Oil (TLW LN) Elsewhere, our other favourite oil short, Tullow Oil has, as expected (see earlier posts) failed to deliver with its 12 month long Jubilee field drilling campaign. Gross oil production forecast at the main asset, the Jubilee field, has dropped to 90kbd from 100kbd in 2024, with 2nd quarter production there running at 87kbd (down to 85kbd in June). For the first time in recent history there was talk of a disappointing production well (J69) with reservoir rock poorer than expected (notably J69 is not far from the delineated southern perimeter of the field - see graphic below). The field is now over 20kbd below where expectations were set at this point in the year (87kbd in Q2 - per Kosmos Q2 announcement) versus indicative dashed-line plots on prior company presentations at around 110kbd. Every 5000kbd lower production at Jubilee reduces monthly cashflow by c$5m and annual cashflow by $60m. And every $5 lower oil price overall lowers monthly cashflow by approx $10m and annual cashflow by $120m. It wouldn’t take much of a move in either of these metrics to eviscerate Tullow’s annual forecast free cashflow. Recently Brent oil has been languishing around $70 (around $10 below Tullow’s reference point in its guidance) and Tullow’s Jubilee guidance has been reduced, both increasing the likelihood that net debt grows, rather than shrinks at year end. Jubilee J69 well indicated below (per Kosmos earnings slides Q4 2023) - Is the footprint of the field smaller than originally perceived? Tullow certainly faces some pressing issues currently: As related above, disappointing production and reservoir question marks at Jubilee (the main field in its portfolio). We note the company has commissioned new 4D seismic over the field, which suggests it may have some concerns over its original reservoir model arising from this J-69 issue. Upcoming refinancings of its bond portfolio (the 2025 and 2026 notes) with market interest rates higher and the reserve base likely diminished. Potential adverse ICC awards (one expected this quarter with a claim of $320m against Tullow, two likely in 20 26) that could cost the company $100’s of millions in compensation to the Ghana government (total claims add up to around $800m in total) The role of the GNPC and its ability to pay its fair share in a timely fashion for JV costs. While clarity is lacking, we can see a somewhat concerning trend in lease balances. Since the option to purchase the TEN FPSO lease was not taken, lease payables amount to $656m non current and $147m current. Amounts due from JV partners amount to $296m non current and $441m current. This would imply, given Tullow's 55% stake in TEN, that around $380m of current receivables from JV partners either do not relate to the FPSO or are in arrears, or reflect capex in arrears - quite a high number given Tullow’s overall capex guidance for the year ($230m). Interestingly the text in Tullow’s accounts for the interims mentions “loan balances” in Ghana (the annual report mentioned increased loan receivables from GNPC, Annual Report p157). Presumably these are “loans” from Tullow to GNPC, perhaps a euphemism for GNPC’s failure to pay? If those loans are not paid back, Tullow’s balance sheet will be considerably weaker, given that it is still on the hook for FPSO lease costs, JV capex etc. I will return to this in a later note. Meanwhile, while pressures mount above, net debt remains high at $1.7bn at the half year mark, and debt capacity falls with the maturing of the Senior Secured RCF in December and the maturity of the $0.5bn secured note in March 2025. Finally there is around $1.4bn outstanding on the May 2026 Senior Notes. Against those liabilities is just $280m of the 2028 Glencore financing facility and the cash balance of $276m some of which sits in JV bank accounts. The current ratio is approx 0.7x and if write off the presumed GNPC liability to Tullow that ratio falls below 0.5x. If Jubilee continues to disappoint and one of those ICC cases goes the wrong way it all looks pretty distressed from the perspective of equity holders....." |
Posted at 24/9/2024 08:32 by rossifumi I think the share price will not change if it's negative as it's already holding this back. If it's positive and TLW have already said it will be, I think this will fly. Only my opinion DYOR |
Posted at 12/9/2024 11:35 by up just a little bit You appear to be gleeful that his shares are down. Suggest that any management of almost any oiler who bought shares in recent months would also be down. Shallow comment from you. Take the share price of BP for example. |
Posted at 07/9/2024 09:57 by grupo guitarlumber Tullow Oil (TLW) Share Forecast & Price TargetModerate 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 03/9/2024 15:46 by xxnjr According to my spreadsheet we are on Rahul Day 1,525 (and counting). The share price is (negative) -21.5% since his appointment!(Negative) -21.5% Capital Shrinkage in 1,525 days of "shared prosperity" despite a doubling of the oil price. How can that be possible? But is is! Demonstrates the extent of the failure here. |
Posted at 23/8/2024 13:01 by wodahsnoom Never mind what goes on in Roald's mind - what goes on in Rahul's mind? When he issued the Jan 24 update/2024 outlook, I said at the time, it read as if he and Tlw were taking the year off. What did he think would move the share price higher in 2024? Operational drilling finishes up mid year with little increase in production and 1 exploration well deferred until 2025. Resting on (so called) laurels or what and watch 250mln roll in? |
Posted at 03/8/2024 07:47 by xxnjr Wacky Races YTD RankingsWill 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 11:24 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 12/6/2024 18:45 by xxnjr To be fair Dorothy only temporarily stepped in when McDade was 'let go'. OK, leading up to that moment, the entire BOD (including Dorothy) had been asleep. But she was only really a caretaker stand in, until a permanent CEO was selected. That person being Rahul. And his brief was to sort out the mess. The current share price says the market is not impressed with our CEO's performance. Nobody, absolutely nobody, would have believed at the time of Rahul's appointment that almost one and a half thousand days later the share price would be more or less the same! |
Posted at 16/5/2024 08:20 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 |
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