Will Tullow Oil continue falling, or will it recover to 254p April highs?

• Shares down 13.8% from April highs; Now 223p (at time of writing).
• Can the stock recover recent 254p highs?
• Shares -12.4% from 2019 highs; +30.7% from 2019 lows; +24.4% year-to-date.
• Apr 25: Shares dragged down after Q1 target miss but oil prices and production in general are rising.
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Tullow Oil – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 254p. You decide to buy exposure to £10,000 worth of Tullow Oil using a CFD, at the current price of 223p. To do this, you need £2,000.

Let’s assume Tullow Oil recovers back to 254p April highs (+13.9%). Your profit would be £1390, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Tullow Oil 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.