TLW.L - Tullow Oil plc

LSE - LSE Delayed price. Currency in GBp
44.02
-1.22 (-2.70%)
At close: 5:06PM GMT
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Previous close45.24
Open43.00
Bid43.94 x 0
Ask43.99 x 0
Day's range41.35 - 44.41
52-week range38.05 - 254.60
Volume14,204,449
Avg. volume24,858,475
Market cap598.707M
Beta (5Y monthly)1.09
PE ratio (TTM)4.73
EPS (TTM)9.30
Earnings date12 Mar 2020
Forward dividend & yield0.04 (7.39%)
Ex-dividend date29 Aug 2019
1y target est3.24
  • Reuters - UK Focus

    LIVE MARKETS-European banks are killing it

    * Wall Street closed for Washington's Birthday Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan.

  • Reuters - UK Focus

    LIVE MARKETS-Luxury and virus: Not just about Chinese shoppers

    * Wall Street closed for Washington's Birthday Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan.

  • Reuters - UK Focus

    LIVE MARKETS-STOXX at new record: Now what?

    * Wall Street closed for Washington's Birthday Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. After failing four times to break above the 400-points threshold over the last 20 years, the STOXX 600 has finally made it and by a decent margin!

  • Tullow Oil shares slip as empty offshore Peru well adds to woes
    Reuters

    Tullow Oil shares slip as empty offshore Peru well adds to woes

    Tullow, which has operations in more than 15 countries, counts its operations in the South American nation as one of its new ventures. "The well tested the La Cruz and Mal Pelo formations, where minor gas shows were encountered," Tullow said in a statement. "Tullow is building an extensive exploration position in Peru and, while this result is not what we had hoped for, we remain positive about Peru's wider offshore exploration potential," Tullow's Chief Operating Officer Mark MacFarlane said.

  • Reuters - UK Focus

    Tullow Oil to abandon well offshore Peru after no oil found

    Tullow Oil will plug and abandon its Marina-1 well offshore Peru after drilling reached total depth with no oil encountered, it said on Monday. "The well tested the La Cruz and Mal Pelo formations where minor gas shows were encountered," Tullow said in a statement. The London-listed company holds a 35% interest in the well, while Australia's Karoon Energy holds a 40% operating equity interest through a subsidiary and Pitkin Petroleum owns the remaining 25%.

  • Bloomberg

    Ghana Approves Tullow Gas-Flaring Request to Support Oil Fields

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterTullow Oil Plc said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields.The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial output guidance for 2019, contributing to a terrible year that also saw delays at East African projects, disappointing drilling results in Guyana and the resignation of Chief Executive Office Paul McDade.Tullow will resort to flaring when it’s unable to ship gas ashore in order to “maintain the integrity of the Jubilee and TEN fields,” the company said in an emailed response to questions.Ghana’s agreement with Tullow entitles the West African nation to free deliveries of gas that the company extracts with crude from its fields. However, the country’s contractual obligations with other gas suppliers such as Eni SpA have rendered some of Tullow’s deliveries surplus to requirement.In the absence of a flaring agreement, Tullow has little choice but to inject the unwanted gas back into the reservoirs, a process which could compromise their stability and weigh on production, according to two people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly.Tullow declined to elaborate further, while a spokesman for Ghana’s energy ministry didn’t answer calls or respond to text messages requesting comment.Output from new oil fields helped Ghana’s economy to expand at one of the fastest rates in Africa over the past three years. While the country also relies on gold and cocoa for exports, a potential shortfall in revenue from crude would weigh on a widening budget deficit and persistent tax shortfalls.To contact the reporters on this story: Ekow Dontoh in Accra at edontoh@bloomberg.net;Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: Andre Janse van Vuuren at ajansevanvuu@bloomberg.net, James HerronFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    REFILE-Israel's Leviathan gas group seeks partners to expand

    The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deep water, a CEO from the group said. Leviathan, one of the world's biggest offshore gas discoveries of the last decade, has turned Israel into an energy exporter in a tumultuous region and has weaned it off more polluting imports, notably coal.

  • Total Chief dismisses Tullow Oil takeover idea
    Reuters

    Total Chief dismisses Tullow Oil takeover idea

    Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil , whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation. Total is a partner in all growth markets for Tullow Oil whose market capitalisation shrank to around 633 million pounds as of Wednesday from 3.28 billion pounds in September. Amid industry speculation about a potential Tullow takeover target, Pouyanne told Reuters when asked whether Total might buy Tullow: "Stop dreaming... No".

  • Tullow Oil to cut a third of staff after shares pummelled
    Reuters

    Tullow Oil to cut a third of staff after shares pummelled

    Tullow Oil plans to cut a third of its staff to save about $20 million (15.33 million pounds), a source with direct knowledge of the matter said, after the firm was hit by weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana. The latest savings initiative would reduce administration costs by about a fifth to $80 million, shrinking Tullow's workforce to about 650 people, and would be accompanied by hiring freezes, the source said. Tullow's annual net administration costs including costs to its partners equate to $100 million, less administration spending, the source said.

  • Reuters - UK Focus

    Tullow Oil plans to cut third of workforce seeking $20 mln savings

    Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana. The move would shrink Tullow, which industry sources told Reuters is looking to sell its Kenya projects once vaunted as a growth engine for the group, to a workforce of around 650 people and come alongside pay and hiring freezes, the source said. This would allow Tullow to cut its annual net administration costs by around a fifth to $80 million which, across Tullow's projects including costs to its partners, equates to $100 million less administration spending, the source said.

  • Reuters - UK Focus

    Eco Atlantic, Tullow and Total to meet this month for next steps in Guyana

    Canada's Eco Atlantic, UK's Tullow Oil and France's Total SA will meet early this month to assess recent drilling results and set budgets and targets for their jointly operated Orinduik block offshore Guyana, Eco Atlantic said on Monday. The Toronto-listed company said an independent Competent Persons Report (CPR) showed an increase in the gross prospective resources to 5,141 million barrels of crude oil equivalent (MMBOE) from the block from a prior estimate of 3,981 MMBOE in March last year. London-listed shares of Eco Atlantic rose 11% in early trade, while Tullow slipped 1.3%.

  • I looked into the balance sheet of Tullow Oil, and this is what I found
    Fool.co.uk

    I looked into the balance sheet of Tullow Oil, and this is what I found

    With the Tullow Oil share price falling, Jonathan Smith looks deeper into the company's balance sheet.The post I looked into the balance sheet of Tullow Oil, and this is what I found appeared first on The Motley Fool UK.

  • The Tullow Oil share price fell 16%. Here’s what I’d do now
    Fool.co.uk

    The Tullow Oil share price fell 16%. Here’s what I’d do now

    I’d consider everything influencing it in detail before making up my mind.The post The Tullow Oil share price fell 16%. Here’s what I’d do now  appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    Africa-focused Tullow largest investor builds stake

    Tullow Oil's largest investor and West African oil tycoon Samuel Dossou-Aworet increased his stake in the London-listed firm to almost 10%, raising the possibility of a takeover bid. Samuel Dossou-Aworet, who also founded Geneva-headquartered Petrolin, on Jan. 24 raised his stake in Africa-focused Tullow to 9.67% from an earlier stake on 7.06%, a filing showed. Benin-native Dossou-Aworet co-founded Energy Africa, an exploration business that Tullow bought in 2004, helping Tullow double in size.

  • Key Things To Watch Out For If You Are After Tullow Oil plc's (LON:TLW) 7.3% Dividend
    Simply Wall St.

    Key Things To Watch Out For If You Are After Tullow Oil plc's (LON:TLW) 7.3% Dividend

    Dividend paying stocks like Tullow Oil plc (LON:TLW) tend to be popular with investors, and for good reason - some...

  • Reuters - UK Focus

    LIVE MARKETS-Autos: "No reason to get bullish"

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net AUTOS: "NO REASON TO GET BULLISH" (1204 GMT) If you ever though about buying into European autos lured by their cheapness, here's a UBS note that could change your mind. OEMs still have a cost issue (high investments & margin pressure from CO2 compliance) that will also negatively affect supplier earnings in 2020 That said (and not to mention the risk that Trump makes EU cars his next trade war target ), UBS believes cost cutting alone is unlikely to offset these negatives and anticipates consensus downgrades further down the road.

  • Is the Tullow Oil share price cheap enough to buy?
    Fool.co.uk

    Is the Tullow Oil share price cheap enough to buy?

    As lower crude prices and falling production hurt Tullow shares, is this a long-term problem or a short-term opportunity?The post Is the Tullow Oil share price cheap enough to buy? appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    LIVE MARKETS-History lessons: crises can be buying opportunities

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: thyagaraju.adinarayan.thomsonreuters.com@reuters.net HISTORY LESSONS: CRISES CAN BE BUYING OPPORTUNITIES (0926 GMT) Stocks may be in a precarious state today and more downside looks still likely, but the idea that this new China virus crisis could turn out to be a buying opportunity is bouncing around in more than one broker note. Today Deutsche Bank says something similar on airlines.

  • Oil’s Drop to 8-Week Low Tempered by WHO Decision, Stock Draw
    Bloomberg

    Oil’s Drop to 8-Week Low Tempered by WHO Decision, Stock Draw

    (Bloomberg) -- Oil slid to an eight-week low on concern that China’s coronavirus outbreak may dent demand. But the drop was tempered by an unexpected decline in U.S. crude inventories and as the World Health Organization opted against declaring the virus a global health emergency.Futures sank 2% in New York on Thursday, paring an earlier 3.5% drop. The Energy Information Administration reported a 405,000-barrel decrease in crude stockpiles last week, in contrast to expectations for a build by analysts and the industry-funded American Petroleum Institute. A committee of experts convened by the United Nations health agency opted to continue monitoring the outbreak, which has killed more than a dozen people and sickened hundreds.“The crude market is partly responding to that decision, somewhat of a muted move compared to the S&P,” said Rebecca Babin, senior energy trader at CIBC Private Wealth Management. “Regardless of what WHO says, the fact we may see demand be hurt is what the markets are really focused on.”The EIA also showed a 1.75-million-barrel gain in gasoline stocks, the smallest since September. Distillate stocks fell 1.19 million barrels, after gaining over 20 million barrels over the previous three weeks.“The EIA data was constructive and favorable,” particularly since a crude stock draw was reported when the market was expecting an increase, said Brian Kessens, portfolio manager at Tortoise, a Kansas firm that oversees more than $21 billion in assets.China, the world’s biggest oil importer, effectively quarantined a major city to contain the SARS-like virus, banning travel from Wuhan, a city of 11 million. The alert has overshadowed concern over the halt of exports from Libya, and suspension of Nigerian Bonny crude shipments.Oil is bearing the brunt of the anxiety due to the potential hit to travel, especially ahead of the Lunar New Year holidays, the biggest human migration in the world. Goldman Sachs Group Inc. predicts the virus may crimp global demand by 260,000 barrels a day this year -- with jet fuel accounting for around two-thirds of the loss -- if the SARS epidemic in 2003 is any guide.West Texas Intermediate futures for March delivery slid $1.15 to settle at $55.59 a barrel on the New York Mercantile Exchange, the lowest close since Nov 29.Brent futures for March settlement declined $1.17 to $62.04 a barrel. The global benchmark traded at a $6.45 premium to WTI for the same month.“Once there is evidence that the outbreak is contained and thus the economic disruption is coming to an end, sentiment on oil should improve, bringing prices back up,” said Pavel Molchanov, energy research analyst at Raymond James & Associates Inc.Libya’s eastern strongman kept virtually all of the nation’s oil fields shut, in a show of defiance after world leaders failed to persuade him to sign a peace deal ending the OPEC country’s civil war. Libya’s oil output plunged to the lowest level since August 2011, according to data compiled by Bloomberg.\--With assistance from James Thornhill, Dan Murtaugh, Saket Sundria, Grant Smith and Sheela Tobben.To contact the reporter on this story: Jackie Davalos in New York at jdavalos10@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Joe RichterFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Total and Tullow launch joint sale of stakes in Kenyan oil project - sources
    Reuters

    Total and Tullow launch joint sale of stakes in Kenyan oil project - sources

    LONDON/ PARIS (Reuters) - Total and Tullow Oil aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said. The two oil and gas producers have hired French bank Natixis to run the joint sale process for Blocks 10 BA, 10 BB and 13T in the South Lokichar Basin, the sources said. London-listed Tullow, which operates the project, last year indicated it intended to sell up to 20% of its 50% stake in the blocks.

  • Reuters - UK Focus

    Total and Tullow launch joint sale of stakes in Kenyan oil project -sources

    LONDON/ PARIS, Jan 23 (Reuters) - Total and Tullow Oil aim to reduce their stakes in Kenya's first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project's launch, banking and industry sources said. London-listed Tullow, which operates the project, last year indicated it intended to sell up to 20% of its 50% stake in the blocks.

  • Is Tullow Oil's weak balance sheet cause for concern?
    Stockopedia

    Is Tullow Oil's weak balance sheet cause for concern?

    Business distress and bankruptcy can put a dent in your portfolio no matter how well diversified you are. That's why paying attention to simple checklists that8230;

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