Tullow Oil reports results on Wednesday, 16 Jan

• The chart shows the price movement last time Tullow Oil reported: Trading Update, 15 Nov.
• The shares opened +1.1p (+0.6%) and traded as high as +5.5p (+2.9%).
• Shares traded as low as -1.3p (-0.7%) and closed +3.5p (+1.8%), for a daily trading range of 6.8p or 3.6%.
• Shares currently at 196p (at time of writing)
• Shares -27.7% from 2018 highs, +23.6% from 2018 lows, +9.5% year-to-date
• Tullow Oil issues a FY Trading Update on Wednesday (16 Jan). Will we see another big move?
• 20 Dec: Tullow receives conditional approval for Uganda oil fields divestment
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

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 196p. 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 above 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.