Added to YB: 2026-05-06
Pitch date: 2026-05-04
TLW.L [neutral]
Tullow Oil plc
Author Info
Company Info
Tullow Oil plc, an energy company, develops, produces, and sells oil and gas resources in Ghana, Gabon, Côte d’Ivoire, Kenya, and Argentina.
Market Cap
GBP 257.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.70
P/E
-2.19
EV/Sales
1.87
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Tullow Oil - Initial Equity Research
TLW.L (deep dive): Ghana-focused producer post-asset sales (Gabon, Kenya). 2026 refinancing extended debt to 2028-2030, added PIK, raised net debt $1.35B→$1.53B, requires strategic transaction within 2yrs. Q1 production 43.4kboepd (top of guidance). Equity value hinges on Jubilee/TEN cash generation vs hedges/interest, potential asset sale value after debt paydown.
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