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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 <b>Tullow Oil</b> and lifted its estimates on the oil explorer and producer following the company's impressive interim results this morning.<br /><br />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.<br /><br />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.<br />
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