Tullow Oil (TLW)

Sector:

Energy Producers

Index:

FTSE Small Cap

23.74p
   
  • Change Today:
    -0.52p
  • 52 Week High: 39.48p
  • 52 Week Low: 21.38p
  • Currency: UK Pounds
  • Shares Issued: 1,458.26m
  • Volume: 4,482,943
  • Market Cap: £346.19m
  • RiskGrade: 365

WTI higher as Trump threatens to destroy Iranian gunboats

By Caoimhe Toman

Date: Wednesday 22 Apr 2020

LONDON (ShareCast) - (Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.
The threat came days after the Pentagon claimed that ships from Iran's Islamic Revolutionary Guard Corps Navy took "dangerous and provocative" actions near US Navy and Coast Guard ships in the Persian Gulf.

"I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea," the president wrote in a post on Twitter.

Trump did not cite a specific event in his tweet or provide details. The White House had no immediate comment.

Iranian armed forces spokesman said the US should focus on saving its military from the coronavirus.

"Today, instead of bullying others, the Americans should put all their efforts toward saving those members of their forces who are infected with coronavirus," Abolfazl Shekarchi said, according to Iran's semi-official ISNA news agency.

On Sunday, the Revolutionary Guard acknowledged it had a tense encounter last week with US warships in the Gulf, but alleged that US forces sparked the incident.

West Texas Intermediate crude oil futures for June delivery gained on the back of the news, Edward Moya at Oanda said.

"President Trump continues to be active in trying to tweet oil prices higher. Oil will continue to remain heavy on demand fears and will shrug off his latest tweets about filling up the SPR without congressional approval, funding US oil and gas companies, and threats to shoot down any Iranian gunboats that pose a threat," Moya told clients.

"Oil volatility will remain high, as short squeezes will likely deliver excessive rebounds. Now is not the time to be constructive on oil prices. Until headlines flow that key storage hubs are filled, oil majors announce large production cuts, and smaller shale companies go under, oil prices should remain heavy."

As of 1707 GMT, June WTI was trading up by 18.86% at $14.26 a barrel on the ICE, alongside an advance of 5.4% to $20.42 a barrel for similarly-dated Brent futures.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tullow Oil Market Data

Currency UK Pounds
Share Price 23.74p
Change Today -0.52p
% Change -2.14 %
52 Week High 39.48p
52 Week Low 21.38p
Volume 4,482,943
Shares Issued 1,458.26m
Market Cap £346.19m
RiskGrade 365

Tullow Oil Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average13.13% above the market average
63.89% below the sector average63.89% below the sector average63.89% below the sector average63.89% below the sector average63.89% below the sector average
Price Trend
70.04% below the market average70.04% below the market average70.04% below the market average70.04% below the market average70.04% below the market average
28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average
Income Not Available
Growth
94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average94.70% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 1
Sell 1
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tullow Oil Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-19 04-Apr-19
Paid 04-Oct-19 10-May-19
Amount 2.35¢ 4.80¢

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 865,900 @ 23.74p
16:35 1,667 @ 23.74p
16:35 3,484 @ 23.74p
16:35 643 @ 23.74p
16:35 2,613 @ 23.74p

Tullow Oil Key Personnel

CFO Richard Miller

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