Whitman Howard - UK EP - Updating oil price assumptions

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Whitman Howard

Jessica Saadat

EUR 456.00 For Business Accounts Only

UK E&P - Updating oil price assumptions

In this short note, we update our oil price assumptions. Given that share prices are now looking more reasonable relative to our RENAVs, we downgrade Tullow Oil and Faroe Petroleum to HOLD. We reiterate our BUY recommendations on Cairn Energy and Trinity E&P, and remain with our HOLD recommendation on EnQuest.

24/01/2018 15 EN

Provider

Whitman Howard

Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.

The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.

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Analysts

Jessica Saadat

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UK E&P - Updating oil price assumptions

CORPORATE SPONSORED MATERIAL: Aggregated Micro Power* (AMPH LN, BUY, T/P 136p) - Initiation | The rise of a challenger utility

Actual Experience 2nd large scale deployment with 2nd Channel Partner

UK Gambling - FOBT regulation bites

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