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
  -4.40p -2.35% 182.55p 8,772,788 16:29:57
Bid Price Offer Price High Price Low Price Open Price
182.55p 182.70p 187.90p 181.05p 186.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,275.3 -221.4 -10.9 - 2,533.80

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Date Time Title Posts
19/3/201812:05Tullow Oil PLC - Poised for a Takeover?31,891
01/4/201722:24L2 - Observations, comments and screenshots48
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Tullow Oil (TLW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-03-19 17:08:37182.5530,00054,765.00O
2018-03-19 16:52:53183.754,2567,820.40O
2018-03-19 16:51:48183.0626,80049,060.11O
2018-03-19 16:51:23183.1129,50054,018.45O
2018-03-19 16:35:13182.551,179,3292,152,865.09UT
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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 186.95p.
Tullow Oil has a 4 week average price of 175.30p and a 12 week average price of 169.25p.
The 1 year high share price is 243p while the 1 year low share price is currently 142.30p.
There are currently 1,388,000,830 shares in issue and the average daily traded volume is 7,646,262 shares. The market capitalisation of Tullow Oil is £2,533,795,515.17.
sux_2bu: S&P Upgrades Tullow Oil To B+ Credit Rating Amid Deleveraging Success Mon, 12th Mar 2018 14:28 LONDON (Alliance News) - S&P Global Ratings upgraded the credit rating for the oil and gas exploration firm Tullow Oil PLC on Monday to B+ from B with a Stable outlook. The credit rating agency said the upgrade followed the balance sheet deleveraging started in 2017. This process, S&P analyst Elad Jelasko explained, "will likely accelerate this year". This is due to a mix of "favourable" oil prices, proceeds from asset sales and cost cutting initiatives. Overall, S&P now anticipated operating free cash flow to be USD700 million in 2018. This is compared to their previous forecast of USD400 million. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be between USD1.5 billion and USD1.6 billion in 2018. This is ahead of the USD1.1 billion to USD1.2 billion originally forecast. In 2019, however, S&P forecast adjusted Ebitda to fall to between USD1.2 billion and USD1.4 billion. This is based on the assumption of a lower oil price. S&P forecasts an average share price of USD60 per barrel in 2018 and USD55 per barrel in 2019. "With no material changes in the capital expenditure budget and without a resumption in dividends," S&P explained, "the company would be able to quickly reduce its absolute debt level while building headroom at the current rating level that should last into 2019." Tullow's new credit rating could be put under negative pressure should its projects experience delays or reduced production or if there was a "material decline" in oil prices below USD50 per barrel. Price hedges in this case, S&P argued, would only provide "temporary relief" in this context. S&P also cautioned that should Tullow return to a higher capital expenditure mode the credit rating would come under pressure. In 2017 capex stood at USD300 million down from USD1.0 billion in 2016 and USD2.0 billion in 2015. Earlier on Monday, Tullow proposed to raise USD650 million through senior secured notes due in 2025. The proceeds from this would go towards redeeming in full its senior notes due in 2020. Tullow issued a B rating to this proposed note issue.
carbon man: TLW has come down in the last couple of weeks on market forces and investor sentiment. Yes we have had a choppy week, but the media and treasury leaks, do not help. The media is there to report the news not to sensationalise. More than ever we need to pull together through these current times and not to be distracted by rumours and 'leaks'. With regard to this stock, I suggest that if one studies the charts, there is room for improvement on the current share price in the short/medium term OIMHO
leoneobull: 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.
cheek212: IMO the share price action suggests shorters using BOTS to buy shares and close down their positions. There are still 7% of shorters that we know about and these have been reducing pretty much every week. At the current share price, I suspect they are closing down as much as possible without pushing the price back up too far.
tburley: ifthecapfits - shorts closing should lift the share price as these are buys. Short interest increasing should drop the share price as these are sells. This is oversimplified as the overall ratio of buys vs sells will dictate the movement of the share price.
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.
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 debt to equity of 30% going forward. Who knows.
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.
oilretire: And even if it takes a few days to sort out, it's still well within the expectation set in the half yearlies However, the strong performance in first half 2015 has been offset by an unplanned technical issue that affected the gas compression system which has temporarily reduced oil production to approximately 65,000 bopd. This issue is expected to be resolved by mid-August. Regardless, it's still POO that's in the driving seat for TLW share price in the short term I guess......
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.
Tullow Oil share price data is direct from the London Stock Exchange
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