|Bid||0.00 x 0|
|Ask||21.00 x 0|
|Day's range||16.52 - 19.30|
|52-week range||0.15 - 235.10|
|Beta (5Y monthly)||2.58|
|PE ratio (TTM)||N/A|
|Earnings date||09 Sep 2020|
|Forward dividend & yield||0.04 (23.09%)|
|Ex-dividend date||29 Aug 2019|
|1y target est||3.24|
Tanzania and Uganda signed an agreement on Sunday paving the way for the construction of a crude oil pipeline running from Ugandan oilfields to the Tanzanian port of Tanga, a Tanzanian government spokesman said. Uganda discovered oil reserves in 2006 and needs the planned 1,445-km (900-mile) East African Crude Oil Pipeline to be in place to start commercial production. Hassan Abassi, Tanzania government spokesman, said on Twitter that 80% of the pipeline will run through Tanzania.
Tullow Oil is exploring ways to fend off a potential cash crunch as the London-listed group reported a $1.3 billion loss after it was forced to write down $1.4 bln due to collapsing demand for oil. Tullow, with a market cap of $361 million as of Tuesday and $3 billion in debt, said it was looking at "various refinancing alternatives" and plans to hold a capital markets day later this year. "Cash flow projections forecast a potential liquidity shortfall during the 18-month period relevant to the Liquidity Forecast Test in respect of the January 2021 RBL re-determination due to the maturity of the $650 million Senior Notes due in April 2022," it said.
How far off is Tullow Oil plc (LON:TLW) from its intrinsic value? Using the most recent financial data, we'll take a...