Goldman 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
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreTullow Oil confirms insurance cover for Jubilee turret
23rd Sep 2016 07:29
(ShareCast News) - Tullow Oil said on Friday that hull and machinery cover for the floating production, storage and offloading vessel on the Jubilee field offshore Ghana has been confirmed following the failure earlier this year of the turret bearing. The company said the policy, which is procured o
Read moreTullow Oil finds up to 70m barrels in Cara prospect in Norwegian North Sea
16th Sep 2016 09:21
(ShareCast News) - Tullow Oil said on Friday that drilling and testing of the Cara prospect in the Norwegian North Sea has been completed and between 25 and 70 million barrels of oil equivalent have been discovered. The FTSE 250 company said the well encountered a gas column of 51 metres and an oil
Read moreSector movers: Interest rate-sensitive issues pace gains
2nd Sep 2016 16:11
(ShareCast News) - The safest and highest dividend-paying stocks paced gains on the market at the end of the week, as a weaker-than-expected US jobs report for August reaffirmed some economists´ view that the US central bank was unlikely to hike interest rates come September. Thus, it was the likes
Read moreSector movers: Mining, Big Oil race to the top
26th Aug 2016 17:53
(ShareCast News) - Mining raced to the top of the leaderboard on Friday, boosted by an initial burst of volatility in global capital markets after Yellen's speech that saw the US dollar dip and commodity prices gain. Nevertheless, just after the closing bell in London rang US short-term rates change
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