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TUWLF / Tullow Oil should issue equity ahead of 2024 debt financing

Tullow Oil should issue equity ahead of 2024 debt financing
Tullow Oil PLC's (LSE:TLW) best course of action is to issue equity now given its low cost of equity, according to analysts at Stifel. The broker notes Tullow needs to restructure and/or refinance its current c.US$2.1 billion bond debt maturing between March 2025 (c.US$630 million) and May 2026 (currently c.US$1.5 billion), plus a US$500 million bank facility expiring November 2024. Read More
Posted: Aug 23 2023, 10:27
Author Name: Proactive Investors
Views: 101963

TUWLF News  

Tullow Oil receives analyst upgrade

By Proactive Investors
October 23, 2023

Tullow Oil receives analyst upgrade

Tullow Oil PLC (LSE:TLW) has come into favour among Jefferies analysts on the back of high commodity prices and growing production prospects. In a res more_horizontal

Tullow Oil now in “harvesting mode”, bullish CEO talks up the oiler's cash turnaround

By Proactive Investors
September 13, 2023

Tullow Oil now in “harvesting mode”, bullish CEO talks up the oiler's cash turnaround

Tullow Oil PLC (LSE:TLW) is now in “harvesting mode” which will yield US$800 million of free cash flow over the next two years, chief executive Ra more_horizontal

Tullow Oil reduces upper end of 2023 output outlook

By Reuters
September 13, 2023

Tullow Oil reduces upper end of 2023 output outlook

West Africa-focused Tullow Oil on Wednesday reduced the upper end of its production outlook for this year to 58,000-60,000 barrels per day (bpd) from more_horizontal

Tullow Oil share price outlook ahead of first-half earnings

By Invezz
September 10, 2023

Tullow Oil share price outlook ahead of first-half earnings

Tullow Oil (LON: TLW) share price has staged a strong recovery in the past few months as investors watch several important corporate news. The stock's more_horizontal

Tullow Oil should issue equity ahead of 2024 debt financing

By Proactive Investors
August 23, 2023

Tullow Oil should issue equity ahead of 2024 debt financing

Tullow Oil PLC's (LSE:TLW) best course of action is to issue equity now given its low cost of equity, according to analysts at Stifel. The broker note more_horizontal

Tullow Oil sells Guyana assets to Eco Atlantic

By Reuters
August 10, 2023

Tullow Oil sells Guyana assets to Eco Atlantic

Tullow Oil agreed to sell its majority stake in the not-yet-producing fields off the coast of Guyana to its minority partner Eco Atlantic for $700,000 more_horizontal

Eco Atlantic Oil & Gas buys Tullow out of Orinduik block

By Proactive Investors
August 10, 2023

Eco Atlantic Oil & Gas buys Tullow out of Orinduik block

Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) has struck a deal to acquire significantly more of the Orinduik Block, offshore Guyana, buying out e more_horizontal

Tullow Oil secures extension of Gabon assets to 2046

By Proactive Investors
August 9, 2023

Tullow Oil secures extension of Gabon assets to 2046

Tullow Oil PLC (LSE:TLW) has confirmed it has secured approval from the Government of Gabon for the extension of several of its Gabon licences to 2046 more_horizontal


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