Shares in Tullow Oil (TLW.L) have fallen dramatically from recent highs of 241p. Will it continue, or is this an opportunity to pick up a bargain?

• This stock is one of the more significant fallers in the period.
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Now trading at 44.13p (at time of writing). A return to previous highs would represent a rise of 446%.
• Shares -82% from 12-month highs; +10% from 12 month lows.

Latest News

16 Jan:  Barclays Capital has downgraded its rating on Tullow Oil (TLW) to equal weight (from equal weight).

15 Jan:  Tullow Oil announced that it anticipated write-downs of approximately $1.5bn after management reduced its oil price projections and estimates on reserves.

10 Jan:  JP Morgan Cazenove reiterates its neutral rating on Tullow Oil (TLW) and reduced the target price to 63p (from 249p).

09 Jan:  Barclays Capital has downgraded its rating on Tullow Oil (TLW) to equal weight (from overweight) and reduced the target price to 75p (from 80p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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