TLW.L - Tullow Oil plc

LSE - LSE Delayed price. Currency in GBp
24.10
-1.24 (-4.89%)
At close: 4:35PM BST
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Previous close25.34
Open25.10
Bid20.00 x 0
Ask27.00 x 0
Day's range24.07 - 25.10
52-week range7.17 - 251.31
Volume13,018,363
Avg. volume44,541,478
Market cap344.122M
Beta (5Y monthly)2.63
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
  • Reuters - UK Focus

    Tullow says Kenya force majeure allows time to resolve tax issue

    Tullow Oil said it had declared force majeure on its main licences in Kenya, currently working under an early production scheme ahead of a final investment decision, to discuss virus restrictions and tax changes with the government. Tullow's statement on Monday appeared to refer to tax changes announced by the Kenyan government last month over the economic impact of the coronavirus. It confirmed an earlier statement by its partner Africa Oil.

  • Can Tullow Oil withstand the price of crude?
    Fool.co.uk

    Can Tullow Oil withstand the price of crude?

    While strong oil producers should be able to weather the storm, Tullow Oil was already on the rocks before this latest crisis.The post Can Tullow Oil withstand the price of crude? appeared first on The Motley Fool UK.

  • Resilience of independent oil firms faces hedging, debt tests
    Reuters

    Resilience of independent oil firms faces hedging, debt tests

    Independent international oil producers can cope with plunging oil prices better than higher-cost U.S. shale firms but persistent low prices may still leave them struggling to repay debts and renew hedging facilities needed to protect revenues. The drop in Brent crude to $20 a barrel and less, or the even deeper slide of U.S. crude into negative territory, has hammered U.S. shale producers, which typically need more than $40 to break even, forcing shut-ins and threatening insolvencies as the coronavirus crisis has thumped oil demand. Independent producers such as Tullow , Kosmos , Genel , Premier and EnQuest put their 2020 cash flow breakeven at $35 a barrel or less after cutting budgets, while hedging has further protected income for now.

  • Reuters

    Tullow exits Uganda project, sells stake to Total for $575 million

    Total has agreed to buy Tullow Oil's entire stake in jointly-held onshore oil fields in Uganda for $575 million, Tullow said on Thursday as it strives to raise $1 billion this year to reduce its $2.8 billion of debt. Tullow, founded in the 1980s to tap into African oil and gas, suffered a series of technical difficulties and missed production targets, leading its chief executive to step down late last year. Tullow's shares have shed around 90% over the last 12 months and its market capitalisation had shrunk to around $285 million on Wednesday.

  • Reuters

    Tullow Oil appoints Delonex chief Dhir as CEO

    Tullow Oil said on Tuesday it had appointed Rahul Dhir, who currently leads smaller Africa-focused oil and gas producer Delonex, as chief executive. Rahul will take the helm at Tullow at a time when it is slashing its headcount by a third and trying to raise $1 billion from selling at least part of its East African assets amid a pandemic that has slashed oil demand and prices. Tullow shares listed on the London Stock Exchange's main market have plunged about 93% since April 2019, shrinking its market capitalisation to around 250 million pounds while its debt stands at $2.8 billion.

  • Reuters

    Tullow Oil has $700 million liquidity, cuts capex to $300 million

    Tullow Oil's lenders have approved the size of its reserves-based lending facility at $1.9 billion (1.53 billion pounds), giving the group $700 million of undrawn loans and cash at the start of the second quarter, it said on Friday. Tullow, which had a market capitalisation of about $204 million before markets opened on Friday, is due to pay back a $300 million convertible bond in July 2021. Tullow said it expects its hedging to result in a $30 million receipt for March.

  • 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.

  • 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.

  • 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".

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