TLW.L - Tullow Oil plc

LSE - LSE Delayed price. Currency in GBp
53.00
+2.50 (+4.95%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
Previous close50.50
Open51.10
Bid52.70 x 0
Ask52.76 x 0
Day's range50.24 - 53.17
52-week range38.05 - 254.60
Volume18,393,948
Avg. volume22,558,505
Market cap746.187M
Beta (5Y monthly)1.05
PE ratio (TTM)5.70
EPS (TTM)9.30
Earnings date12 Mar 2020
Forward dividend & yield0.04 (7.55%)
Ex-dividend date29 Aug 2019
1y target est3.24
  • 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;

  • Bloomberg

    Oil Fields at Heart of Tax Dispute to Cost Uganda $5 Billion

    (Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterUganda expects the planned development of two oil fields to cost at least $5 billion, as the government seeks to resolve a tax dispute with the companies that own the sites and pave the way for increased infrastructure spending.That amount is part of the $15 billion to $20 billion that the East African nation anticipates will flow within three to five years to its nascent oil industry, including a refinery and crude pipeline, Energy Ministry Permanent Secretary Robert Kasande said Tuesday in an interview in the capital, Kampala.The government is in talks with Total SA, Cnooc Ltd. and Tullow Oil Plc, which jointly own the Kingfisher and Tilega fields, over the British explorer’s plan to reduce its interest in the assets and allow final investment decisions to be inked. A fallout over how much tax Tullow’s share sale attracted, led the company to abandon a deal in August and for Total to suspend plans to build a $3.5 billion crude export pipeline from Uganda to Tanzania.Uganda was on course to see a final investment decision last year to develop the fields when the tax disagreements emerged. Former energy minister, Irene Muloni, said last month that the government offered a “package” to the companies that could end “pending hindrances.” In November, Muloni said final investment decisions were expected by end-March.There is no update on the negotiations yet, Kasande said.The country is struggling to fund this fiscal year’s budget of 40.5 trillion-shilling ($11 billion) after revenue from sources including pre-oil-development activities declined. Uganda has been hampered by repeated delays in starting production, and the government has depleted as much as $121 million from a crude fund to shore up the shortfall.President Yoweri Museveni’s administration now plans to borrow 600 million euros ($668 million) from the Trade & Development Bank and Standard Bank Group’s local unit to help plug this fiscal year’s budget deficit that’s estimated at 8.4% of gross domestic product, excluding grants.Kasande said the $5 billion funding for the fields would be used “to drill over 500 wells” and build two central processing facilities and a water plant.Uganda also plans to pick explorers in five blocks by the end of this year, with a March 31 deadline to express interest, he said.(Adds details on investment decisions in fourth paragaph)To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.netTo contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Chris KayFor 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.

  • Tullow to book $1.5 billion writedown on oil price outlook, reserves
    Reuters

    Tullow to book $1.5 billion writedown on oil price outlook, reserves

    Tullow Oil is to take a $1.5 billion (1.15 billion pounds) writedown after cutting its long-term oil price assumptions by $10 to $65 a barrel, a downgrade to reserves in Ghana and disappointing exploration wells, the company said on Wednesday. The writedown at Africa-focused Tullow comes after the exit of CEO Paul McDade in December and the scrapping of the group's dividend after the group failed to meet production targets due to a weak performance at its assets in Ghana. Tullow's shares fell 70% in the fourth quarter of 2019.

  • Oilprice.com

    What One Oil Company Did Differently To Surge 27% In A Day

    Apache saw its stock surge 27% in a single day earlier this week, and the secret behind this massive stock increase may well transform the way companies report on new oil discoveries

  • Should you buy Tullow or Premier Oil ahead of the next oil price shock?
    Fool.co.uk

    Should you buy Tullow or Premier Oil ahead of the next oil price shock?

    Harvey Jones says you need strong nerves to buy these two FTSE 250 (INDEXFTSE:UKX) growth stocks.

  • Prospect Of War Pushes Oil To Seven Month High
    Oilprice.com

    Prospect Of War Pushes Oil To Seven Month High

    Oil prices rose on Friday morning following the assassination of a top Iranian official by the United States on Iraq soil

  • Why I think the Tullow Oil share price looks cheap after falling 75%
    Fool.co.uk

    Why I think the Tullow Oil share price looks cheap after falling 75%

    It looks as if the market has overreacted with the Tullow Oil share price, believes Rupert Hargreaves.

  • Reuters - UK Focus

    LIVE MARKETS-Sweet first session for European bourses

    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. European bourses closed the day in positive territory as they got a boost from the news that China's central bank is cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to revive the economy. The pan-European index was up 1% and the euro-zone blue chip index was up 1.37% at the end of the session, led by banks up 2%.

  • Tullow Oil slumps following ANOTHER disastrous update. This is what I’d do now
    Fool.co.uk

    Tullow Oil slumps following ANOTHER disastrous update. This is what I’d do now

    Tullow Oil is back on the defensive after poor exploration results. How should investors play the news?

  • Tullow Slumps After Guyana Oil Find Is Smaller Than Expected
    Bloomberg

    Tullow Slumps After Guyana Oil Find Is Smaller Than Expected

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Tullow Oil Plc discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had expected prior to drilling. Shares fell as much as 20%.The independent oil producer’s first discovery of the new year comes after a calamitous 2019 in which its stock declined 64% and the chief executive officer and exploration chief stepped down. The commercial viability of Tullow’s previous offshore discoveries in Guyana remains in doubt after the reservoirs were found to contain heavy oil.“The Carapa-1 result is an important exploration outcome with positive implications” for both blocks the company has in the South American country, Mark MacFarlane, Tullow’s chief operating officer, said in a statement on Thursday. “While net pay and reservoir development at this location are below our pre-drill estimates, we are encouraged to find good quality oil.”About four meters of net oil pay were encountered. That was lower than pre-drill forecasts, but Tullow highlighted positive aspects of the well that “suggests the extension of the Cretaceous oil play from the Stabroek license southwards into the Kanuku license.”High Expectations“Expectations were high going into this,” said David Round, an analyst at BMO Capital Markets. “There will be a level of disappointment about the size.”Tullow shares were 4.5% lower at 61.14 pence as of 9:55 a.m. in London trading. That’s down about 95% from the company’s 2012 peak.Rig site testing indicated that the oil is 27 degrees API with a sulfur content of less than 1%, according to Tullow. The well will be plugged and abandoned and a detailed laboratory analysis of the oil quality will follow. Tullow has a 37.5% stake in the Kanuku block. Repsol SA is the operator with 37.5% and Total SA has 25%.“We will now integrate the results of the three exploration wells drilled in these adjacent licenses into our Guyana and Suriname geological and geophysical models before deciding the future work program,” MacFarlane said.The latest well concludes Tullow’s “high-impact exploration program in Guyana,” and while the company made three “technical discoveries,” none are expected to be commercially viable, Will Hares, a senior analyst for Bloomberg Intelligence, said in a note.The Guyana results come as Tullow searches for a new CEO after Paul McDade, and exploration director Angus McCoss, quit on Dec. 9. At the time the company forecast its total production this year will be 70,000 to 80,000 barrels a day -- lower than in 2019 -- because of weaker expectations from its main fields in Ghana. A process to reduce its stake in a Uganda project has been delayed for years.“The Guyana results emphasize Tullow’s increasingly challenged growth outlook amid its Ghana project issues and East Africa delays,” Hares said.(Updates with analyst comments in the 9th paragraph.)To contact the reporter on this story: Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 2-China stimulus, trade progress help European shares mark strong start to decade

    Fresh monetary stimulus in Beijing and growing Sino-U.S. trade optimism helped European shares stay close to record highs on Thursday with banks and technology stocks leading a broad-based rally. Signalling that it stood pat to boost a slowing economy, China's central bank on Wednesday lowered the reserve requirement ratio for banks for the eighth time since 2018, with the latest cut freeing up around 800 billion yuan ($115 billion).

  • Reuters - UK Focus

    UPDATE 2-UK shares roar into 2020; midcaps hit fresh record

    Britain's stock market indexes surged in the first trading session of the new decade, as investors welcomed China's monetary policy easing and U.S. President Donald Trump set the date for sealing a Phase 1 trade deal with Beijing. The FTSE 100 jumped after two straight sessions of losses to rise 0.8% after China cut the reserve requirement ratio (RRR) for banks and Trump said a Phase 1 trade deal with Beijing would be signed on Jan. 15.

  • Tullow shares drop on doubts over commercial viability of Carapa well
    Reuters

    Tullow shares drop on doubts over commercial viability of Carapa well

    Tullow said the Carapa well in the Kanuku offshore block contains oil with less than 1% sulphur content and is indicated to be 27 degrees API, a reading which measures oil density versus water and pointed to medium sour crude. Guyana, a global exploration hotbed, has become an increasingly important region for Tullow after a series of missteps at its flagship fields in Ghana and projects in Kenya and Uganda have also run into delays. Tullow's recent ventures in Guyana have yielded heavy oil, which contained a lot of sulphur.

  • Here Are Some of Europe’s Best and Worst Stocks of 2019
    Bloomberg

    Here Are Some of Europe’s Best and Worst Stocks of 2019

    (Bloomberg) -- It’s been a pretty good year for European stocks. The benchmark Stoxx Europe 600 Index is set for an annual gain of about 23%, more than recovering from a selloff in 2018, and the gauge will end the year near a record high.Among individual stocks, 12 companies in the index have seen their shares double in value, while the year’s worst performer -- Tullow Oil Plc -- fell about 64%.This year’s top performers included a meal-kit startup and a maker of industrial compressors, while a protein shake maker and banks have been among the laggards.And not all share-price moves were news-driven, notes Jeffrey Taylor, head of European equities at Invesco Ltd. “At a stock level, there are plenty of examples of outperformance being driven by re-rating rather than fundamentals alone,” he wrote in a note to clients.Taylor says he’ll remain focused on value rather than growth in 2020. “We see an interesting combination of still loose monetary policy and supportive fiscal trends,” he wrote, “To us, this sounds economic-growth-friendly and growth-stock-unfriendly.”Below we look back at a curated list of some of Europe’s most interesting winner and loser stock stories of 2019.The WinnersAltice Europe NV (+239%)Shares of billionaire Patrick Drahi’s company jumped in August after Altice raised full-year guidance while reporting twice the growth that analysts expected in the quarter. The Amsterdam-based company has also worked at cutting its debt load through asset sales. Lucerne Capital Management Founder Pieter Taselaar said in November that the shares may triple again to 15 euros.HelloFresh SE (+205%)The meal kit-maker’s popularity has surged, and so has its stock price. HelloFresh’s latest quarterly update last month delivered numbers “at the very top” of guided ranges, while marketing costs have fallen, Berenberg analyst Robert Berg said.ASM International NV (+178%)The maker of machines used to produce semiconductors trades around an all-time high following quarterly results in November described as “much better than expected” in a note from NIBC Bank NV’s Edwin de Jong. The numbers were a relief for investors following a rough spell for chip-makers.Galapagos NV (+132%)Gilead Sciences Inc.’s $5.1 billion investment propelled Galapagos shares higher in July, while an earnings update later in the year showed the Belgian-listed firm’s financial position is “as strong as ever,” Barclays analyst Emily Field wrote in an Oct. 25 note to clients.Zalando SE (+101%)The German online fashion retailer has issued upbeat profit guidance and accelerated its sales growth by convincing more brands to use its site to sell apparel, with companies able to build their own virtual stores on the platform.CD Projekt SA (+92%)The Polish video-game maker responsible for the medieval role-playing series, Witcher, has been unstoppable this year and is the best performing Stoxx 600 member of the decade, up 21,000%. But the real test is coming in 2020, as a fresh title, Cyberpunk 2077, featuring actor Keanu Reeves, hits shelves.London Stock Exchange Group Plc (+89%)LSE managed to swerve a 29.6 billion-pound ($38.3 billion) takeover bid from Hong Kong Exchanges & Clearing Ltd. earlier this year, allowing it to pursue its $27 billion takeover of Refinitiv, a move that will take the 300-year-old bourse operator further away from a traditional exchange model and deeper into big data.Greggs Plc (+83%)An unexpected boost to earnings guidance alleviated “peak Greggs” fears in November, and it’s not just baked goods like vegan sausage rolls that are helping the company, according to Shore Capital. Analyst Darren Shirley said in a recent note that coffee has been a standout performer, while the retailer’s meal deal is market leading.Atlas Copco AB (+77%)Orders at the world’s largest maker of compressors have exceeded analyst estimates, as the Stockholm-listed firm struck a resilient tone amid concerns around global manufacturing. Atlas’s vacuum unit, which derives a large part of sales from semiconductor manufacturers, has also seen strong orders, driven by investment in new production technologies.Ferrari NV (+70%)U.K. peer Aston Martin might have had a bad year, but there’s been no stopping its Italian rival. In November, Ferrari raised guidance for 2019 and unveiled its new 200,000-euro ($220,000) Roma Coupe vehicle. The supercar company also said it is teaming up with Giorgio Armani SpA to help push its handbag and clothing lines into the premium space, predicting that branded goods will contribute 10% of earnings before interest and tax within the next 7-10 years.The LosersTullow Oil Plc (-64%)Tullow fell 72% in one day in December as the London-listed firm warned of production issues in Ghana, suspended dividends and announced the exit of its chief executive officer. It was the second plunge in a month, after news that the company reassessing its discoveries in Guyana, South America, prompted a 27% drop on Nov. 13.Glanbia Plc (-38%)The Dublin-traded protein shake-maker slumped in July after a profit warning, and Goodbody analyst Jason Molins expects “muted” growth in 2020. “Given the ongoing challenges in the business and limited earnings momentum, we maintain a cautious stance,” he wrote in a note Dec. 17.NMC Health (-35%)It was a December to forget for NMC, the U.K. listed operator of hospitals in the United Arab Emirates that plummeted as U.S. short seller Muddy Waters Capital LLC said the company’s financial statements hint at potential overpayment for assets, inflated cash balances and understated debt. NMC said the claims are unfounded and is planning an independent review.Nokia Oyj (-34%)The Finnish telecoms firm suffered its biggest stock price drop in decades in October after it cut its outlook and suspended dividends, saying spending to fend off competitors has delayed an earnings boost from 5G mobile networks. It isn’t expecting a major recovery until 2021, and Evli Bank said last month that “prolonged” margin pressures won’t ease until 2021.Centrica Plc (-33%)The British gas owner slumped in July as it announced its first dividend cut since 2015, along with CEO Iain Conn‘s departure, hurt by both a government-imposed cap on consumer energy bills and by outages at nuclear plants and gas wells. The U.K. election result provided minor relief for the shares after Jeremy Corbyn’s resounding loss effectively ended the likelihood of a broad nationalization of U.K. utilities.Ipsen SA (-30%)Ipsen plunged earlier this month as U.S. regulators suspended trials of a rare bone disease drug in patients under 14 years old amid safety concerns. The French firm acquired the treatment, palovarotene, via its $1.3 billion purchase of Clementia Pharmaceuticals Inc. earlier this year. CEO David Meek is stepping down at the end of December.Swedbank AB (-29%)The Stockholm-based bank is under investigation by authorities in several countries amid allegations that it allowed criminals to launder billions of dollars of dirty money. A purge of top bankers will lead to a “fresh start,” it said earlier this month.K+S AG (-29%)A slate of new potash mines and China halting imports have weighed on potash prices, hurting suppliers like Germany’s K+S. The stock’s slump also coincides with a pile of debt amassed from opening a new mine in Canada.Ambu A/S (-29%)The unexpected firing of the Danish medical tech firm’s chief in May sparked a 20% drop in one day and sent short interest in the stock to an all-time high. New CEO Juan Jose Gonzalez has since issued two profit warnings and ended a distribution deal with Tri-anim Health Services in the U.S. Shareholder ATP said this month that the company is now on the right course.Bankia SA (-26%)The Valencia, Spain-based lender has dropped this year amid a decline in core revenue, while the sector was also hit by a court ruling that spurred fears Spain’s banks would have to pay billions of euros in compensation for the way they sold certain mortgages.\--With assistance from Sam Unsted.To contact the reporter on this story: Joe Easton in London at jeaston7@bloomberg.netTo contact the editors responsible for this story: Beth Mellor at bmellor@bloomberg.net, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • The worst stocks of 2019: Tullow Oil, Aston Martin, and more
    Yahoo Finance UK

    The worst stocks of 2019: Tullow Oil, Aston Martin, and more

    The FTSE 350 rose 15% during 2019 — but not everyone has shared the spoils. These 10 stocks were the worst performers.

  • The Tullow Oil share price fell 70%. Here’s what I’d do now
    Fool.co.uk

    The Tullow Oil share price fell 70%. Here’s what I’d do now

    Patience pays in investing, but will it pay off in this case?

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