Broker snap: Good news to come at Tullow

11th Mar 2010 11:23

Patience is a virtue, points out Morgan Stanley as it keeps its 'overweight' rating and 1,500p target price on oil explorer Tullow.The broker said that in April, Tullow should provide investors with some clarity in on the recent purchase of some Uganda assets. Tullow Oil said in January that it has agreed to buy Heritage Oil's assets in Uganda for up to $1.5bn.Morgan Stanley thinks that ownership of the assets will support increased production at Tullow.

Top Risers

Share	Price	Change
Active Energy (AEG)	0.55	155.81%
Pri0r1ty Int (PR1)	7.75	96.2%
Tiger Resource (TIR)	0.33	29.41%
Blue Star (BLU)	18.00	28.57%
Orchard Funding (ORCH)	64.00	26.21%

Top Fallers

Share	Price	Change
Distil (DIS)	0.235	-26.56%
Nativo Resources (NTVO)	0.275	-23.61%
Karelian (KDR)	0.85	-20.93%
Sabien Tech. (SNT)	8.00	-15.79%
Catenai Plc (CTAI)	0.325	-14.47%

Top By Volume

Share	Price	Volume
Mirriad Advertising (MIRI)	0.009	2,015,359,395
Caledonian Hold (CHP)	0.00325	821,001,972
Ethernity Net (ENET)	0.022	733,115,561
Tower Resources (TRP)	0.0285	451,557,822
Premier African Minerals (PREM)	0.01265	437,535,715

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.