Tullow Oil publishes a Trading/Operations update on Weds, 26 Jun.

• Last time Tullow reported: AGM Trading Update, 25 Apr.
• The shares fell as much as 5.1% for a daily range of 12p or 5.0%.
• Shares -17.4% from 2019 highs; +23.3% from 2019 lows; +17.4% year-to-date.
• Currently 210p (at time of writing).
• Will we see another big share price move on Wednesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Tullow Oil – An Example

Let’s say you think that Tullow results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Tullow using CFDs, at the current price of 210p. To do this, you need £2,000.

For the purpose of this example, let’s assume Tullow reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 5% below the current price. Tullow results miss, it falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.