Secondary Recommendation

Tullow Oil - Offers attractive entry point at low point in the oil cycle

December 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Few oil exploration tiddlers make the leap to FTSE-100 status because either they drill too many “dry” holes or they don’t have the cash to develop their discoveries. However, Irish firm Tullow Oil has proved the exception to the rule and it has given investors a terrific ride with the shares rising from 70p in ’03 to peak at £16 before falling back to the current 190p.Tullow started out in 1985 by taking over small gas fields in Senegal, which had been abandoned by the oil majors but its big early break was the bold £200m purchase of a clutch of gas fields in the UK North Sea from BP in 2001. Shortly after this, energy prices embarked on an epic bull run culminating in oil reaching US$110 / barr ...

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Tullow Oil - Makes fresh discovery (September 2019)

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Tullow Oil (March 2019)

Tullow Oil - Exciting exploration drilling kicking off in Guyana in H2 (February 2019)

Tullow Oil - Announces new dividend program (January 2019)

Tullow Oil (September 2018)

Tullow Oil (October 2017)

Tullow Oil - Rights issue de-risks business (May 2017)

Tullow Oil (March 2017)

Tullow - TEN fields achieve first oil (October 2016)

Tullow Oil - Launches US$300m convertible bond (August 2016)

Tullow Oil (June 2016)

Tullow Oil - Successful discoverer of massive oil fields making come back (April 2016)

Tullow Oil - Drilling programme has potential to trigger huge upgrades to reserves (April 2010)

Tullow Oil - Huge oil discoveries in Africa driving up shares (October 2009)

Tullow Oil - Bulging portfolio of exciting exploration prospects (September 2007)

Tullow Oil - Reaping benefits from Energy Africa (October 2004)

Tullow Oil - Bold acquisition transforms prospects (September 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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