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Home / Stocks and Markets at Lows / Tullow Oil (TLW.L) 12-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Tullow Oil (TLW.L) 12-02-20

Shares in Tullow Oil (TLW.L) have fallen dramatically from recent highs of 241p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • This stock is one of the more significant fallers in the period.
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Now trading at 44.13p (at time of writing). A return to previous highs would represent a rise of 446%.
  • Shares -82% from 12-month highs; +10% from 12 month lows.

Latest News

16 Jan:  Barclays Capital has downgraded its rating on Tullow Oil (TLW) to equal weight (from equal weight).

15 Jan:  Tullow Oil announced that it anticipated write-downs of approximately $1.5bn after management reduced its oil price projections and estimates on reserves.

10 Jan:  JP Morgan Cazenove reiterates its neutral rating on Tullow Oil (TLW) and reduced the target price to 63p (from 249p).

09 Jan:  Barclays Capital has downgraded its rating on Tullow Oil (TLW) to equal weight (from overweight) and reduced the target price to 75p (from 80p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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