Equity Research, Broker Reports, and media content on TULLOW OIL PLC etc.

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Equity Research, Broker Reports, and media content on TULLOW OIL PLC etc.

  • Access the latest forecasts, broker valuations, multiples, and video content from the city about TULLOW OIL PLC
  • See live updates from analysts, company announcements, and other news in a personalised/single dashboard

Latest Content

Breakfast Today

  • 03 Oct 16

"Notification by Prime Minister Theresa May on Sunday that the UK's divorce proceedings from the EU will commence before end-March 2017 further knocked an already weak Sterling. The Pound remains the principal casualty of international uncertainty, ending the third quarter down 2.5% against the US dollar having now recorded its fifth consecutive quarterly loss in a row. This weakness is likely to be sustained up to and possibly beyond the point of the Government formally triggering Article 50, following which a two-year period of negotiations over the terms of the split commences and during which time spin from media and market pundits will likely centre on the potential for calamity and long term business impact of a hard landing. For now, however, domestic equities are more likely to simply bask in accrued trade and translational benefits. With the overnight markets closing strongly right across the board, with forex moves providing almost immediate benefits for the FTSE-100 whose blue-chip earning are more than 70% derived internationally, meaning principal index is seen opening 10 or so points higher in early morning trade. The Dow Jones Industrial Average on Friday ended up 0.9% supported by energy and banking stocks, leaving the benchmark index 2.1% higher on the quarter and up 5.1% so far this year. The S&P 500 climbed 0.8%, while the tech-heavy Nasdaq climbed similarly, having chalked up its best quarter since 2013 with a rise of 9.7%. Without a story of its own, Asia largely followed suit with the Hang Seng and Nikkei both registering gains of over 1% on good volumes, while the Shanghai Composite remained closed and the commodity-led ASX also followed crude's strong run during New York hours. The UK today is due to release Manufacturing PMI data, while Chancellor Philip Hammond is due to address the Conservative Party Conference. He is due to help Mrs May set the stage for Britain's separation from the EU and will reportedly state his intention to abandon his predecessor, George Osborne's, target of achieving a surplus by the end of the current parliament. His willingness to take his foot off 'the austerity pedal', with increased infrastructural spending and other stimuli to generate activity and employment will likely be well received by the markets, although any such gains may in turn just be given back through Sterling weakness. Markets today will also remain aloof for further confirmations regarding much reduced US penalty for Deutsche Bank, imposed for incorrectly selling mortgage-backed bonds, as suggested in the weekend FT which sees a lower US$5.4bn deal to replace the initial US$14bn demand. Such news will likely provide a further boost to European banking shares which were already partly anticipating such an outcome on Friday. UK corporates including DXS International (DXSP.L), James Halstead (JHD.L) and Seeing Machines (SEE.L) are due to report earnings." - Barry Gibb, Research Analyst

Breakfast Today

  • 26 Sep 16

"Having dissipated the tensions that surrounded last week’s central bank meetings, a feeling of anti-climax has rather pervaded the international equity markets. Traders largely got what they expected, although Japan at least made an effort to search deep within its policy ‘bag of tricks’ for something to undermine the crippling strength of the Yen. The trouble is, with Clinton and Trump now standing neck-and-neck in the polls, the uncertainties ahead of November 8th leave global forex traders’ with only the Japanese currency as a genuine default option, meaning there really is almost nothing Governor Haruhiko Kuroda can do for the time being that will have the effect he desires. Meanwhile, looking to set sentiment, investors focussed in on the oil price. Much of the optimism that surrounded media gossip about a production cap being put in place disappeared on Friday during New York trading, after Saudi Arabia stated it did not expect OPEC and other leading voices, such as Russia, to secure a deal this Wednesday when they meet at the Algerian energy conference. Clearly, with lost Algerian and Nigerian port capacity now slowly coming back on stream, even if they are unable to formally conclude some binding structure they will still probably indicate their willingness to keep talking for fear of oversupply otherwise pushing crude prices back to US$30/bbl once again. Such talk was enough to push all the principal US indices into the red as weak energy stock dragged all behind them while traders also cashed in a little of their recent tech rally gains. Asia followed suit, with all of the region’s major bourses also closing in the negative, with the Nikkei hurt the most as the cost of unabated Yen strength left its mark. Equities in London are seen following this same pattern, with the FTSE-100 seen dropping some 30 points in early trade as investors also reflect on media reports carried by the Financial Times, amongst others, that the UK Government’s stance on Brexit appears to be hardening. International trade secretary, Liam Fox, is reportedly set to advocate that the UK pushes ahead to become an independent member of the WTO and, in so doing steer directly away from ‘soft landing’ negotiations to remain within the EU’s customs union. This will send a shiver down the spine of UK economists, who will be listening intently to the major speech he is due to make to the WTO tomorrow for any suggestions he makes regarding the UK’s wish to negotiate directly with other countries once Article 50 has been triggered. Data watchers will be anticipating UK releases from the BBA and CBI this morning, while the ECB’s Mario Draghi will also be delivering his quarterly testimony to the European Parliament. UK corporates including Carnival (CCL.L), City of London Group (CIN.L) and Petrel Resources (PET.L) are due to report. Later today, the focus will move to the US, where Clinton and Trump are due to screen their first live televised debate." - Barry Gibb, Research Analyst


Research, Charts & Company Announcements

Research Tree offers TULLOW OIL PLC research coverage from 7 professional analysts, and we have 77 reports on our platform.

Our simple but effective charting function allows for a quick scan of TULLOW OIL PLC's performance over multiple time horizons.

Date Source Announcement
19/10/2016 10:45:51 London Stock Exchange Holding(s) in Company
18/10/2016 10:47:58 London Stock Exchange Holding(s) in Company
07/10/2016 14:42:29 London Stock Exchange Holding(s) in Company
06/10/2016 14:40:45 London Stock Exchange Holding(s) in Company
05/10/2016 16:23:27 London Stock Exchange Director/PDMR Shareholding
30/09/2016 17:41:12 London Stock Exchange Holding(s) in Company
30/09/2016 14:38:35 London Stock Exchange Total Voting Rights
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