It's quite simple really. Dry wells and over expectations put forward by management of production from current wells.
Broker Latest TLW
Positive BNP Paribas outperform 1570.00 Credit Suisse Neutral - 1289.00 morgan stanley overweight 1730.00 Barclay capital overweight 1560.00 Societe General buy 1200.00 Davy reasearch outperform Neutral: Numis 1084.00 Negative Investec 930.00 Sell Deutsche Bank 970.00 Hold http://www.dailypolitical.com/finance/stock-market/tullow-oil-rating-reiterated-by-bnp-paribas-tlw.htm http://investing.thisismoney.co.uk/broker-views/TLW/Tullow-Oil-PLC
Out of Touch
I have been out of Tullow for 3 years having had to sell all my holdings for a relocation. I'm now ready to come back in and see that the sp has dropped from circa £15 to £10 in the last year. I will do my own research idc, but would someone here be kind enough to give a brief explanation for the price drop.
Tullow Oil/ Accenture contract
Accenture Awarded Management Consulting and Systems Integration Contract from Tullow Oil to Transform Finance and Supply Chain http://www.bloomberg.com/article/2013-05-14/a5U6MKGagrxM.html
Africa Oil Announces Etuko-1 Well S
Africa Oil Announces Etuko-1 Well Spuds in Kenya http://www.bloomberg.com/article/2013-05-13/ax2kmPXAYgjc.html
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