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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tullow Oil plc    TLW   GB0001500809

TULLOW OIL PLC

(TLW)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 11/25 10:06:18 am
32.025 GBX   -5.31%
04:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
03:50aTullow Oil's new strategy focuses on squeezing West Africa fields
RE
03:42aTullow Oil's new strategy focuses on squeezing West Africa fields
RE
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Tullow Shares Soar as Uganda Approves $575 Million Asset Disposal

10/21/2020 | 05:40am EST

By Jaime Llinares Taboada

Shares in Tullow Oil PLC rose on Wednesday after it said that the government of Uganda approved the sale of the company's assets in the country to Total SE.

The London-listed oil and gas group expects the deal to close in the coming days.

Tullow will receive $500 million on completion and a further $75 million once a final investment decision is taken on the development project. In addition, it will receive contingent payments linked to the oil price once production starts.

Shares in Tullow at 0914 GMT were up 29% at 21.34 pence. Total's shares were down 1.6% at EUR27.78.

Tullow had said in early September that if the sale of the Uganda assets couldn't be completed, it would need to progress alternative refinancing solutions in order to avoid a financial restructuring.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

10-21-20 0539ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.71% 48.18 Delayed Quote.-30.61%
TOTAL SE -1.76% 37.13 Real-time Quote.-22.43%
TULLOW OIL PLC -5.82% 31.8322 Delayed Quote.-47.16%
WTI 1.05% 45.305 Delayed Quote.-29.68%
All news about TULLOW OIL PLC
04:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
03:50aTullow Oil's new strategy focuses on squeezing West Africa fields
RE
03:42aTullow Oil's new strategy focuses on squeezing West Africa fields
RE
11/11TULLOW OIL : Completes U.S.$575 Million Sale of Uganda Assets to Total
AQ
11/10TULLOW OIL : completes $575 million sale of Uganda assets to Total
PU
10/21Tullow Shares Soar as Uganda Approves $575 Million Asset Disposal
DJ
10/21TULLOW OIL : Government approvals received for $575 million sale of Uganda asset..
PU
10/08NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
10/08NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
10/08NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
More news
Financials (USD)
Sales 2020 1 292 M - -
Net income 2020 -1 432 M - -
Net Debt 2020 2 390 M - -
P/E ratio 2020 -0,45x
Yield 2020 -
Capitalization 638 M 638 M -
EV / Sales 2020 2,34x
EV / Sales 2021 2,44x
Nbr of Employees 879
Free-Float 76,6%
Chart TULLOW OIL PLC
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Technical analysis trends TULLOW OIL PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 0,44 $
Last Close Price 0,45 $
Spread / Highest target 427%
Spread / Average Target -3,70%
Spread / Lowest Target -97,1%
EPS Revisions
Managers
NameTitle
Rahul Dhir Chief Executive Officer & Executive Director
Dorothy Carrington Thompson Non-Executive Chairman
Mark Stuart MacFarlane Chief Operating Officer
George Leslie Wood Chief Financial Officer & Executive Director
Sandy Stash EVP-Safety, Operations & Engineering
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