Tullow cuts full-year capex; sees further savings
28th Apr 2016 08:10
(ShareCast News) - Africa-focused oil miner Tullow said first quarter production was slightly below expectations due to technical issues at the Jubilee field off Ghana, but said 2016 capital expenditure would be cut by $100m to $1bn "with further savings expected". The FTSE 250 company also secured
Read moreTuesday newspaper share tips: Premier Oil, Tullow Oil, Hurricane Energy
19th Apr 2016 14:01
(ShareCast News) - When capital and labour clash, the former is likely to come out on top, something which some UK oil explorers should note, the Financial Times's Lex column said. OPEC ministers meeting over the weekend in Doha failed to get a grip on their levels of production by agreeing to freez
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreTullow Oil confirms damage at Ghana field
8th Apr 2016 07:41
(ShareCast News) - Tullow Oil said there has been damage to the turret bearing on a floating production storage and offloading (FPSO) unit at its Jubilee field in Ghana, but the company does not expect this to have any significant impact on revenue. The FTSE 250 group said oil production and gas exp
Read moreTullow Oil announces successful well appraisal in Barents Sea
6th Apr 2016 09:12
(ShareCast News) - Tullow Oil said on Wednesday that it has successfully explored and appraised the Wisting South & Wisting West appraisal well in the Barents Sea, offshore Norway. Results of drilling, wireline logs and samples of reservoir fluids show the well encountered an oil column of 22 metres
Read moreBroker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreNumis adds Virgin Money, Derwent and Northgate to 'top picks' list
1st Apr 2016 15:34
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreMonday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreBroker tips: Tullow Oil, Sainsbury's, Shire
21st Mar 2016 12:34
(ShareCast News) - Jefferies downgraded Tullow Oil to 'underperform' from 'hold' with an unchanged price target of 166p. The bank said it was increasingly concerned over operational issues at the Jubilee field, which is a fundamental stock risk overriding opportunity from oil shows in a new Kenya ba
Read moreJefferies downgradesTullow, upgrades Soco International
21st Mar 2016 08:22
(ShareCast News) - Jefferies downgraded Tullow Oil to 'underperform' from 'hold' with an unchanged price target of 166p. The bank said it was increasingly concerned over operational issues at the Jubilee field, which is a fundamental stock risk overriding opportunity from oil shows in a new Kenya ba
Read moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreTullow Oil announces strong oil shows at Kenya well
16th Mar 2016 07:39
(ShareCast News) - FTSE 250 oil and gas exploration group Tullow Oil said its Cheptuket-1 well in Northern Kenya has encountered good oil shows. Cheptuket-1, which is in Block 12A, is the first well to test the Kerio Valley Basin and was drilled to a final depth of 3,083 metres. The objective of th
Read moreWednesday broker round-up
9th Mar 2016 16:26
(ShareCast News) - Worldpay: Jefferies reiterates buy with a target price of 340p and Goldman Sachs keeps at buy with a target price of 400p. Burberry: HSBC downgrades to hold, 1500p target. Croda International: Goldman Sachs downgrades to neutral with a target price of 3300p. Ashtead: Credit Suis
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreFTSE 250 movers: Oil prices help producers and service providers surge
26th Feb 2016 15:05
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude
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