Wow Oil Long positions increased from 54% to 56%.. its going up and up
see for yourself
https://www.dailyfx.com/crude-oil
I notice a large build of Long Positions on Oil. its now 54% Long and growing
https://www.dailyfx.com/crude-oil
Hopefully we can push past 40p in the coming days. Let's get back to fair value asap.
Interim Results 13-Sep-2023
We long term holders are not that excited about 40p sp, Tullow SP is recovering back to where it should be.... 90p is more like it for today's valuation. year end analysts forecasting we should be posting 330m post tax profit which x6 p/e for valuation is 1.8billion-2.4 billion market cap... we are only 500m !!!!!! https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/future
Tullow Oil also worth a look, sp been rising for months now, they are heading back into FTSE 250, don't pay windfall tax huge x2 x3 sp upside with rising Oil this year
Tullow doesn't Pay windfall Tax. Best Oil Stock for High Oil Prices. Let's Get back to 90p
Key points to note - Gross debt reduced by c.$266 million in the first half of 2023 through a combination of the 2025 Notes purchase and annual amortisation of the 2026 Notes. Net debt at the end of the first half of 2023 was c.$1.9 billion and is forecast to be c.$1.7 billion at year-end.
Very important - · Free cash flow of negative c.$100 million in the first half, in line with expectations. Significant reversal expected in the second half of the year, with c.$200 million free cash flow generated at $80/bbl. Full year free cash flow guidance remains unchanged at c.$100 million at $80/bbl.....But Brent oil is above $80 !!!
Over one million shares purchased by Tullow Directors in 2023
Oil production is going up and up !! Jubilee field following the recent start-up of the Jubilee South East (JSE) Project, offshore Ghana. Gross production from the field has surpassed 100,000 bopd, after a second JSE production well was brought onstream. Both of the JSE wells are performing in line with expectations and have increased production rates by c.50% compared to the first half of 2023. Two further wells are on track to be tied in during the remainder of the year !!
For the long term worth noting that all remaining hedges drop off in May 2024 so 2024 profits will jump again
long term debt will be reduced, profits will skyrocket and SP will follow.
see what analysts say: TLW £0.36 is trading below estimate of fair value £0.90
https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
Https://www.youtube.com/watch?v=kGmzmvAi5Hk
$100 Oil would make Tullow Sp Skyrocket.
EPS is expected to grow by 38.9%
Return on equity is forecast to be 62% in 3 years
TLW's earnings 40.4% per year are forecast to grow faster than the UK market (10.6% per year)
Future ROE: TLW's Return on Equity is forecast to be very high in 3 years time (62%)
https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
Yes really strange.. take a look
https://www.lse.co.uk/ShareTrades.html?shareprice=TLW&share=Tullow-Oil
The Trades are 2019 !! ???
7-Nov-19 09:05:44 210.30 150,000 Unknown* 36.52 36.66 315.45k
24-Jul-19 16:54:37 207.30 6,331 Unknown* 36.52 36.66 13.12k
05-Aug-19 16:50:07 176.20 22,016 Unknown* 36.52 36.66 38.79k
30-Jul-19 16:50:12 188.90 3,614 Unknown* 36.52 36.66 6,827
15-Nov-19 16:49:52 148.10 12,397 Unknown* 36.52 36.66 18.36k
04-Dec-19 16:50:00 137.85 10,415 Unknown* 36.52 36.66 14.36k
Let's get out of this 36p nonsense !! and return back to the 40s asap.
Tullow is printing money now.
Trading at 59.5% below estimate of its fair value TLW £0.36 is trading below our estimate of fair value £0.90
TLW's earnings (40.4% per year) are forecast to grow faster than the UK market (10.3% per year).
https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
Great news flow, thanks for the update Rahul. Please bring tullow back to Fair value.
Just dont sell and let it climb super fast.
If you look across all the Energy stocks, money is pouring into everything. Oil is $87. Tullow should continue to climb fast and is still way undervalued. uptick is good but looking for 77p fair value.
Tullow Oil PLC - oil and gas producer in Ghana, Gabon and Ivory Coast - Gains approval from the Gabon government for the extension of several of its licences in the west African country to 2046. Says the extensions increase the value of its resource base through the addition of around 5 million barrels of net 2P reserves that will deliver an estimated 100% of 2P reserves replacement in Gabon this year. Says move is in line with its strategy to focus on its high return production assets in Africa and unlock value through optimisation of its non-operated portfolio. "The extensions reflect the future potential of the reserves and resources across the Gabonese assets and the longevity of the Tchatamba facilities as a core hub for Tullow," the company says.
On Thursday last week, Tullow said it agreed an amendment to its interim gas sales agreement in Ghana, which is valued at USD2.90 per million British thermal units. The agreement will continue to the end of the current quarter, Tullow said, noting that current export volumes are about 100 million standard cubic feet per day.
Well done Tullow, keep the news flow coming. Push us back to Fair Value of 77p
Energy is best performing sector Tullow SP will keep rising.
Yes komos went from 83p in october 2020 to 640p in june 2022 ??
Tullow are doing same projects and have less debt.
ALL of Tullows hedges drop off may next year, kenya decision is september for 120,000 bopd Project where we own 100% of it and could sell a slice to clear out debt !! tullow also faster debt reduction that Kos.... Market needs to wake up and the Tullow board need to shout a bit louder and more often to be honest. we have $84 oil which is fast tracking the company and printing money. all the 2% up 2% down everyday is pure nonsense. it will change. Share price of 34p is a joke... But if Kosmos is 540p then tullow should be 80-100p... really this will be corrected. im really angry about it because the board CAN AND SHOULD fix it with more news and interviews. Tullow is undervalued as it gets.
I have attached a link to show Analysts valuation on Tullow to support my view..
annual earnings is expected to grow at 40.4% per year. EPS is expected to grow by 42.8%. Return on equity is forecast to be 62% in 3 years.Fair Value is 77p we are 55% below fair value at 34p !
https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares/valuation
Kos sp has done so well and should keep climbing with High oil, its possible that Kosmos partner Tullow will follow suit with SP climb, it's already started. GL
Sp will keep rising as Oil Price is so high. everyone is expecting 40p soon.
Tullow is going to the Moon ^^^^