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Nov 14 2023, 08:00 GMT
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Tullow Oil||OUTPERFORM||15/01/20||Under Review||09/12/19||31.9p|
Yield curves have clearly broken out of their 40-year downtrend. This could signify a secular change in the investment landscape. Commodity-related assets are currently trading close to record lows relative to US equities. There are near-term demand risks, but we see the potential for outperformance.