Tullow Oil disappoints with 2017 production guidance for TEN field
11th Jan 2017 08:15
(ShareCast News) - Following first oil from its TEN field offshore Ghana in August, Tullow Oil produced an average of 65,500 barrels of oil per day from West Africa and said in 2017 it expects to average between 78,000 and 85,000 bopd, though this was below some analysts' expectations. Year-end net
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreTullow Oil CFO Springett takes medical leave
5th Jan 2017 07:34
(ShareCast News) - Tullow Oil announced on Thursday that its chief financial officer Ian Springett was taking an extended leave of absence in order to undergo treatment for a medical condition. The FTSE 250 firm said Les Wood, vice president finance and commercial, had been appointed interim CFO. "
Read moreTuesday broker round-up
3rd Jan 2017 10:54
(ShareCast News) - BP: UBS reiterates buy with a target price of 550p. InterContinental Hotels Group: Barclays upgrades to overweight, 4000p target. Debenhams: Deutsche Bank downgrades to sell with a 5200p target. Amerisur: Barclays reiterates equal weight with a 36p target. Next: Deutsche Bank d
Read moreSector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreGoldman downgrades Tullow Oil to 'sell' from 'neutral'
6th Dec 2016 09:24
(ShareCast News) - Tullow Oil shares fell on Tuesday as Goldman Sachs downgraded the stock to 'sell' from 'neutral' and cut the target price to 221.8p from 247.2p. "Since the November 30 announcement of OPEC production cuts, the stock has rallied about 20%, in line with the front month of Brent, and
Read moreFTSE 250 movers: Oil stocks gush ahead while Cranswick loses out
5th Dec 2016 15:30
(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon. Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintai
Read moreFTSE 250 movers: Oil services stocks bounce, Kaz knocked off high
15th Nov 2016 16:00
(ShareCast News) - The FTSE 250 index was on the up again on Tuesday, rising almost 0.5% to over 17,550 by mid-afternoon as oil-related stocks inflated on hopes of more oil price gains. Oil service companies Petrofac and Wood Group were among the top risers, with engineer Amec Foster Wheeler a
Read moreBroker tips: Tullow Oil, SIG, Dairy Crest
11th Nov 2016 10:27
(ShareCast News) - Tullow Oil's shares were under the cosh on Friday as Canaccord Genuity downgraded its rating to 'sell' from 'hold' but raised its target price to 230p from 220p. Canaccord said the issues Tullow highlighted in its 9 November trading update on the Tweneboa, Enyenra, Ntomme (TEN) fi
Read moreTullow Oil shares slip on Canaccord downgrade
11th Nov 2016 09:12
(ShareCast News) - Tullow Oil's shares were under the cosh on Friday as Canaccord Genuity downgraded its rating to 'sell' from 'hold' but raised its target price to 230p from 220p. Canaccord said the issues Tullow highlighted in its 9 November trading update on the Tweneboa, Enyenra, Ntomme (TEN) fi
Read moreTullow Oil updates market on solid development progress
9th Nov 2016 08:26
(ShareCast News) - Tullow Oil issued a trading update for the period from 27 July to 9 November on Wednesday, a period in which TEN first oil was achieved on time and on budget on 18 August with first lifting on 6 October. The FTSE 250 firm said current production was around 50,000 bopd. TEN produc
Read moreTullow Oil secures $345m loan
28th Oct 2016 07:52
(ShareCast News) - Tullow Oil has received a $345m loan to cover April's scheduled amortisation and ensure the company has enough headroom throughout 2017 as it refinances its bank facilities. The oil and gas group said that overall, its capital commitments have reduced substantially following the c
Read moreFTSE 250 movers: Clothing retailers outstrip weight of gold miners
11th Oct 2016 14:32
(ShareCast News) - While its larger sibling fell into the red after soaring to record levels, the FTSE 250 was still in positive territory on Tuesday afternoon, as positive earnings reports provided good cheer. After some difficult months for the sector as weather played havoc with their seasonal sa
Read moreFTSE 250 movers: Gold miner Hochschild leads mid-caps lower
6th Oct 2016 15:00
(ShareCast News) - The FTSE 250 retreated further away from its all-time high on Thursday, stung by Brexit worries and investor caution that it may be vulnerable to the reaction to Friday's US non-farm payrolls report. After business group's stressed the importance of immigration to government earli
Read moreTullow Oil confirms it can claim for Jubilee field issue
30th Sep 2016 07:34
(ShareCast News) - Tullow Oil said on Friday that it has received confirmation from its lead insurers that there is a recoverable claim with respect to the group's corporate policy for Business Interruption insurance following damage to the Jubilee turret bearing earlier this year. The news follows
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