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Jun 20 2023, 07:15 IST/BST
Resource
Fear and loathing
- Sectors : Resource
- Companies : Tullow Oil | Barryroe Offshore Energy
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Barryroe Offshore Energy | SUSPENDED | 19/06/23 | Outperform | 09/06/11 | 0.6p |
| Tullow Oil | OUTPERFORM | 15/01/20 | Under Review | 09/12/19 | 25.4p |
DAVY VIEW
Barryroe has announced that it intends to initiate an orderly wind down of the company, while Tullow Oil has just completed a $100m debt buyback – trading on a P/E of only 1x. The sector is starved of support. Meanwhile, in the real world, the International Energy Agency (IEA) has increased its oil demand forecasts to a record high.
