TLW.L - Tullow Oil plc

LSE - LSE Delayed price. Currency in GBp
10.73
+0.06 (+0.52%)
At close: 4:35PM BST
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Previous close10.67
Open12.20
Bid10.56 x 0
Ask10.72 x 0
Day's range10.50 - 12.20
52-week range7.17 - 254.60
Volume22,688,030
Avg. volume31,000,904
Market cap151.052M
Beta (5Y monthly)1.28
PE ratio (TTM)N/A
EPS (TTM)-120.80
Earnings date12 Mar 2020
Forward dividend & yield0.04 (23.09%)
Ex-dividend date29 Aug 2019
1y target est3.24
  • Analysts Have Lowered Expectations For Tullow Oil plc After Its Latest Results
    Simply Wall St.

    Analysts Have Lowered Expectations For Tullow Oil plc After Its Latest Results

    One of the biggest stories of last week was how Tullow Oil plc (LON:TLW) shares plunged 53% in the week since its...

  • Reuters - UK Focus

    RPT-Tullow Oil expects 2020 cash flow of up to $75 mln at $50 a barrel

    Africa-focused Tullow Oil expects its free cash flow this year to reach $50 million to $75 million at an oil price of $50 a barrel, and to break even at prices of $45 a barrel, it said on Thursday. Tullow said it would slash its investment budget by about a third to $350 million this year and cut its spending on exploration, historically the focus of the group, by almost half to $75 million. The group, whose shares have shed around 90% of their value in the past six months, said it aims to cut its general and administrative budget by around $200 million over the next three years.

  • Reuters - UK Focus

    Bets against Tullow Oil shares at highest in over a year - data

    Short positions on Tullow Oil shares hit a more than 15-month high on Monday, data from industry tracker FIS' Astec Analytics showed, in a sign of investors growing pessimism over the company's prospects ahead of its 2019 results on Thursday. Shares in Tullow have nosedived around 92% in the past six months on the back of weak output in Ghana, delays in East Africa, lower-than-hoped-for oil quality in Guyana and a dry well in Peru. Tullow is cutting around a third of its workforce, seeking to sell stakes in some of its assets and hunting for a new chief executive.

  • The Premier Oil and Tullow Oil share prices have crashed. Here’s what I’d do now
    Fool.co.uk

    The Premier Oil and Tullow Oil share prices have crashed. Here’s what I’d do now

    The stockmarket crash has sent shares in Premier Oil (LON: PMO) and Tullow Oil (LON: TLW) plummeting. Are they screaming buys now?The post The Premier Oil and Tullow Oil share prices have crashed. Here's what I'd do now appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    GLOBAL MARKETS-Coronavirus shock, oil crash sinks world stocks

    LONDON/SYDNEY/HONG KONG, March 9 (Reuters) - Global stocks plunged on Monday and prices for crude oil tumbled as much as 33% after Saudi Arabia launched a price war with Russia, sending investors already panicked by the coronavirus fleeing for the safety of bonds and the yen. Saudi Arabia had stunned markets with plans to raise its production significantly after the collapse of OPEC's supply cut agreement with Russia, a grab for market share reminiscent of a drive in 2014 that sent prices down by about two thirds.

  • This FTSE 250 stock is down 85%. Is it the next Sirius Minerals?
    Fool.co.uk

    This FTSE 250 stock is down 85%. Is it the next Sirius Minerals?

    The Tullow Oil share price keeps falling. Roland Head asks what's next for this FTSE 250 (INDEXFTSE: MCX) firm.The post This FTSE 250 stock is down 85%. Is it the next Sirius Minerals? appeared first on The Motley Fool UK.

  • What next for the Tullow Oil share price?
    Fool.co.uk

    What next for the Tullow Oil share price?

    Andy Ross looks at whether the plans at Tullow Oil will be enough to halt the share price slide. The post What next for the Tullow Oil share price? appeared first on The Motley Fool UK.

  • 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%.

  • 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%.

  • 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.

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