|Bid||198.10 x 0|
|Ask||198.25 x 0|
|Day's Range||197.95 - 203.00|
|52 Week Range||163.30 - 273.90|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||33.55|
|Forward Dividend & Yield||0.07 (3.52%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tullow Oil plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Investors, they argue, are giving Tullow little credit for its prospects in East Africa. “We would argue that there is little value being assigned to East Africa in the stock price,” a Barclays report says. Certainly compared with much larger rivals, Tullow looks cheap.
Tullow Guyana B.V. and partners Total E&P Guyana B.V. and Eco Atlantic Oil & Gas Ltd. have started drilling its first exploration well on the Jethro-Lobe prospect offshore Guyana.
Is Tullow Oil plc (LON:TLW) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
Canadian-listed Eco Atlantic said on Wednesday it was not aware of any corruption probe in Guyana that would affect an offshore concession it has with partners Total and Tullow Oil. Guyana's anti-corruption agency launched an investigation into how exploration rights were awarded for Guyana's offshore fields, Bloomberg reported last month. Officials in Guyana have not responded to Reuters requests for comment.
If you're interested in Tullow Oil plc (LON:TLW), then you might want to consider its beta (a measure of share price...
Tullow Oil plc (LON:TLW) shareholders should be happy to see the share price up 19% in the last quarter. But that can't change the reality that over the longer term (five years), the returns have been really quite dismal...
European markets gave back much of Tuesday’s gains as strong earnings elsewhere could not offset oil companies’ retreat. How did markets perform? The Stoxx 600 (XX:SXXP) was down 0.1% to 390.9, after rising 0.
* Partners Tullow Oil, Total and Eco Atlantic have chosen the "Joe" prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday. * Eco earlier this month increased the estimate for the field to about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September. * "Joe is a 150 million boe (P50 – best estimate) Upper Tertiary target which has a 43.2 percent chance of success... Net cost to Eco for its 15 percent working interest in the Joe Well is expected to be approximately $3 million," Eco said.
Project partners Tullow, Total and Eco Atlantic Oil & Gas Ltd. have selected the Joe Well as the second exploration well in the 2019 Guyana offshore drilling program.
Kenya's president signed on Tuesday a long-awaited petroleum bill into law to regulate oil exploration and production and outlining how revenues will be shared between the government, local communities and companies. Tullow Oil and its partner Africa Oil discovered commercial reserves in the Lokichar basin in 2012. The companies are working towards a final investment decision (FID) by the end of this year.
Kenya's president signed on Tuesday a long-awaited petroleum bill into law to regulate oil exploration and production, and which outlines how revenues will be shared between local communities and companies. ...
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government plan. The proposal announced on Friday said the fund's stakes in integrated companies, such as Royal Dutch Shell, ExxonMobil and other majors involved in everything from exploration to selling fuel at the roadside, would not be sold. The state, which has built its wealth on the back of North Sea oil and gas reserves, also has no plan to sell its direct stake in Norwegian energy firm Equinor or its direct holdings in Norwegian oil and gas fields.
A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country's only oil project, may be slightly delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is working towards a final investment decision (FID) by year-end and said last week it had hoped to conclude the deal on water supply with the authorities in the second quarter. "I would probably realistically put it more for Q3 in terms of landing that agreement," Tullow's Kenya Managing Director Martin Mbogo told Reuters, referring to the deal organising the way Tullow can tap a body of water straddling two counties in northwestern Kenya.
Tullow, which employs a number of EU nationals in the UK, says its board is concerned about the uncertainty that a No Deal Brexit would cause these 'much-valued members of staff'.
As flagged in November, Tullow will pay out at least $100 million to shareholders from this year, while aiming to shrink its $3.1 billion debt and increase spending to $570 million. The largest chunk of that money will help increase output in Ghana, which sets Tullow on course to raise output to 102,000 barrels of oil equivalent per day (boed) this year from 90,000 boed. Tullow made a post-tax profit of $85 million on $1.9 billion in revenue last year, buoyed by higher oil prices and cost discipline.