You are here

Prices & Quotes - UK Markets - Tullow Oil (TLW)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 47.73p
Change Today:
-1.34p
Market Cap:
679.46m
Sector:
Oil & Gas Producers

Tullow Oil agrees $1.7bn reserves-based loan agreement with banks

By Michele Maatouk

Date: Friday 26 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Oil and gas exploration company Tullow Oil said on Friday that it has agreed a new debt facility of around $1.7bn with its banks.
Over the past few weeks, Tullow has been reviewing its business plan and operating strategy with lending banks within its reserves-based lending facility (RBL) and their financial advisers, as well as with the financial advisers of the 2021 convertible bond holders and the 2022 bond holders.

The plan is expected to generate "material" cash flow, Tullow said, which will allow it to reduce current debt levels and create "the foundation to address near-term debt maturities".

The new facility, which remains subject to formal approval by a majority of lending banks, will be effective from 26 February, and will leave Tullow with liquidity headroom of free cash and available debt facilities of about $0.9bn.

"The debt capacity reduction from circa $1.8bn based on the September 2020 redetermination reflects the effects of six months of production and the removal of the Equatorial Guinea and Dussafu assets as a result of their sale to Panoro Energy," Tullow said.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tullow Oil Market Data

Currency UK Pounds
Price 47.73p
Change Today -1.34p
52 Week High 60.82p
52 Week Low 14.30p
Volume 7,255,911
Shares Issued 1,423.56m
Market Cap 679.46m
Beta 0.05

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
Not Available
Growth
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
P/E
Not Available
PEG
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 5
Sell 1
Strong Sell 6
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tullow Oil Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 04-Apr-19
Paid 04-Oct-19 10-May-19
Amount 2.35¢ 4.80¢

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 390,485 @ 47.73p
16:29 432 @ 47.83p
16:29 525 @ 47.83p
16:29 300 @ 47.88p
16:29 1,567 @ 47.88p

Tullow Oil Key Personnel