LONDON (ShareCast) - The surge in oil and gas prices has contributed to the strong share price performance of Tullow Oil (Dublin: TQW.IR - news) this year, though what the company termed "exceptional exploration and appraisal results in Ghana and Uganda" have also played their part. The company is due to update the market on current trading, having said back in May that production this year has been in line with expectations. Investment houses Morgan Stanley and Deutsche Bank (Frankfurt: DB9999 - news) are both fans of the stock. Morgan Stanley has an "overweight" rating on Tullow and a price target of 1,230p while Deutsche, which believes Tullow could become a takeover target, has the stock on its conviction buy list. London Stock Exchange (LSE: LSE.L - news) shares have taken a bashing of late on increased competition fears...
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