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Broker snap: Tullow interims cheer KBC Peel
Mon, 01 Dec, 2008
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Broker snap: Tullow interims cheer KBC Peel
Wed, 27 Aug 2008, 10:02:00
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Related Market Prices
Name
Value
Percent
Change
Tullow Oil
477.50p
-8.61%
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KBC Peel Hunt has maintained its 'add' recommendation on
Tullow Oil
and lifted its estimates on the oil explorer and producer following the company's impressive interim results this morning.
The broker said that oil price hedging - which would have prevented the company benefiting fully from the surge in prices - had a lower impact than expected.
KBC Peel also noted that shares in Tullow have been affected by the recent decline in oil prices and the fact that its wells can occasionally disappoint.
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