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Trade Idea: Sell short Tullow Oil on linger performance
Tullow oil (TLW.L) shares have been having a difficult few months and Joe Neighbour from Central Markets thinks there's further for this oil and gas company to fall. He says they've drastically under-performed the FTSE-100 this year and that he's going to continue shorting the stock. The London-based firm activities
are mainly focused on Africa and the Atlantic Margins basin, where Tullow is
already a dominant player following exploration success in Ghana, French Guiana, Uganda and Kenya. Joe is looking at
selling short in the range of 975-1000p with a target of 850p and placing a
stop at 1015p.
01:07 minutes
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