Tullow Oil (TLW)

Sector:

Energy Producers

Index:

FTSE 250

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209.80p
   
  • Change Today:
      7.30p
  • 52 Week High: 266.30
  • 52 Week Low: 165.15
  • Currency: UK Pounds
  • Shares Issued: 1,403.60m
  • Volume: 5,655,224
  • Market Cap: £2,944.75m
  • RiskGrade: 298
  • Beta: 0.04

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Wednesday preview: Global trade and Tullow Oil in the spotlight

By Alexander Bueso

Date: Tuesday 25 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Foreign trade will be in the spotlight on Wednesday, but not that between the US and China, but rather global trade.
At 1330 BST, the US Department of Commerce will release its advance estimate for the country's foreign trade in goods with the rest of the world.

Barclays's forecast is for America's shortfall in trade to shrink from -$72.1bn in April to -$70.0bn for May.

If correct, that would be a fillip for second quarter US GDP growth, but according to the broker, if it comes on the back of weaker exports and imports then the underlying picture is in fact one of weaker domestic demand and slowing global growth.

On a related note, on Tuesday Capital Economics's Yassemin Engin penned a note to clients, telling them to expected the US administration to levy a 10% tariff on the remaining $300bn-worth of Chinese exports that was unscathed thus far by the US-China trade war, estimating that the cumulative impact from that standoff would be to subtract half a percentage point from the rate of growth in world GDP growth in 2019.

Data on durable goods orders in the US covering the month of May will also be closely watched.

Across the Channel, readings are due out before the opening bell on French and German consumer confidence in July and June, respectively.

And overnight, rate-setters in New Zealand and Thailand are set to meet to decide on monetary policy.

No major economic releases are scheduled in the UK.



Oil explorer Tullow Oil and oilfield services specialist Wood Group are among the corporates slated to report on Wednesday.

UBS's Amy Wong expects the former to update markets on the drilling of three wells in Guyana, although the final results were not expected until July.

She was also hoping for further guidance on Tullow's talks with Ugandan authorities on the tax treatment for its activities in that African country, which in turn would factor into its final investment decision which was expected in the back half of 2019.

An updated timeline for Tullow's FID in Kenya was also possible, she said.

For oilfield services firm Wood Group, Wong said it is likely to provide an update on the trading momentum in each of its divisions and regarding the outlook for the remainder of 2019.

Wood is also expected to provide further details on the status of its deleveraging and "potentially progress on disposals".

"We will also be looking for commentary on synergies, cash flow and dividend."

Wednesday June 26

INTERIMS

Autins Group

INTERIM DIVIDEND PAYMENT DATE

Fidelity Special Values, UDG Healthcare Public Limited Company

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Durable Goods Orders (US) (13:30)

GFK Consumer Confidence (GER) (07:00)

MBA Mortgage Applications (US) (12:00)

GMS

Konami Holdings Corporation

FINALS

BCA Marketplace, Creightons, Stagecoach Group, Sysgroup

AGMS

Air Partner, Amati AIM Vct , Baron Oil , British American Inv Trust, Curzon Energy, Datang International Power Generation Co Ltd., Federal Grid Company Of Unified Energy System, Public Joint-Stock Company GDR (Reg S), Hummingbird Resources, Immedia Group, Impellam Group, LXI Reit , Next Fifteen Communications, Spinnaker Opportunities , Sumo Group , Trackwise Designs , Trackwise Designs , Vianet Group, Watchstone Group

TRADING ANNOUNCEMENTS

Tullow Oil, Wood Group (John)

FINAL DIVIDEND PAYMENT DATE

Maruwa Co Ltd., STM Group

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tullow Oil Market Data

Currency UK Pounds
Share Price 209.80p
Change Today 7.30p
% Change 3.60 %
52 Week High 266.30
52 Week Low 165.15
Volume 5,655,224
Shares Issued 1,403.60m
Market Cap £2,944.75m
Beta 0.04
RiskGrade 298

Tullow Oil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average2.92% above the market average
91.92% below the sector average91.92% below the sector average91.92% below the sector average91.92% below the sector average91.92% below the sector average
Price Trend
13.33% above the market average13.33% above the market average13.33% above the market average13.33% above the market average13.33% above the market average
48.08% above the sector average48.08% above the sector average48.08% above the sector average48.08% above the sector average48.08% above the sector average
Income
60.08% below the market average60.08% below the market average60.08% below the market average60.08% below the market average60.08% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
3.37% above the market average3.37% above the market average3.37% above the market average3.37% above the market average3.37% above the market average
32.26% below the sector average32.26% below the sector average32.26% below the sector average32.26% below the sector average32.26% below the sector average

What The Brokers Say

Strong Buy 14
Buy 1
Neutral 5
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tullow Oil Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 04-Apr-19
Paid 18-Sep-19 10-May-19
Amount 2.35¢ 4.80¢

Trades for 19-Aug-2019

Time Volume / Share Price
17:04 42,911 @ 208.41p
17:04 62,725 @ 208.41p
16:50 10,000 @ 207.71p
16:44 13,600 @ 208.17p
16:44 10,000 @ 207.93p

Tullow Oil Key Personnel

CEO Paul McDade
Chair Dorothy Thompson

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