Tullow Oil Spread Betting
Where Can I Spread Bet on Tullow Oil? |
You can currently take a position on Tullow Oil through an account with any of the following spread betting companies:
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| Broker Ratings - Sponsored by IG |
Tullow Oil Broker Ratings |
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Tullow Oil:
| 15-May-13 |  | Buy | Based on last 5 Ratings | 1051 | 1235 | 17.49% |
A look at the latest Tullow Oil broker ratings:
| 15-May-13 | | Outperform | Exane BNP Paribas | 1051 | 1570 | 49.40% | | 08-May-13 |  | Hold | Deutsche Bank | 1024 | 990 | -3.30% | | 25-Apr-13 | | Hold | Numis Securities | 1038 | 1084 | 4.40% | | 19-Apr-13 | | Buy/Cautious | Goldman Sachs | 1042 | 1330 | 27.60% | | 18-Apr-13 | | Buy | Societe Generale | 1005 | 1200 | 19.40% | | 16-Apr-13 | | Outperform | Exane BNP Paribas | 1087 | 1650 | 51.80% | | 15-Apr-13 | | Buy | Goodbody Stockbrokers | 1130 | 1450 | 28.30% | | 27-Mar-13 | | Hold | Societe Generale | 1262 | 1340 | 6.20% | | 07-Mar-13 | | Outperform | Exane BNP Paribas | 1236 | 1650 | 33.50% | | 04-Mar-13 | | Buy | Jefferies | 1226 | 1800 | 46.80% | | 19-Feb-13 | | Buy | Liberum Capital | 1247 | 1683 | 35.00% | | 18-Feb-13 | | Outperform | RBC Capital Markets | 1256 | 1500 | 19.40% | | 15-Feb-13 | | Overweight | Barclays | 1245 | 1720 | 38.20% | | 12-Feb-13 |  | Sell | Investec | 1165 | 1000 | -14.20% | | 29-Jan-13 | | Outperform | Sanford C. Bernstein | 1166 | 1830 | 56.90% | | 11-Jan-13 | | Outperform | RBC Capital Markets | 1165 | 1500 | 28.80% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
Tullow Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Tullow Oil with
Financial Spreads.
|
Where Can I Find Live Spread Betting Prices and Charts for Tullow Oil? |
The real-time CFD trading chart below provides readers with a useful look at the Tullow Oil market.
The above chart is provided by Plus500 and typically tracks the Tullow Oil futures contract (not the spot price).
To access spread betting charts and the current prices for Tullow Oil, you will probably require a spread betting account.
Also, a spreads account would let you access daily contracts. Users should note that all accounts are subject to status.
If your application is accepted then you can log on and check the live trading prices/charts. These are normally free. The catch? You'll probably get the occasional call and/or email from the relevant financial spread betting company.
If you do trade then, before you start, you should be aware that financial spread trading and CFDs carry a significant level of risk and losses can exceed your initial investment.
Technical Charting Packages for Tullow Oil Shares |
Even though charting software/packages can vary from firm to firm, to aid your trading analysis, the charts often have useful tools such as:
- An array of time periods - 1 minute, 4 hours, 1 day and so on
- A variety of views - OHLC and candle charts
- Drawing options - trendlines, Fibonacci fans, arcs and time zones
Charts with InterTrader also have other benefits, including:
- Tailored Indicators and Back Testing tools
- Key overlays - EMA, Bollinger Bands, Price Channels and so on
- Indicators - True Strength Index, Chaikin Volatility, Ultimate Oscillator and so on
- Automatic alerts for when a market reaches a pre-set level
Example equity trading chart
The financial spread betting brokers in the list below offer clients access to live trading charts/prices:
Where Can I Spread Bet on Tullow Oil for Free? |
Speculating always involves risk, but if you'd like to try a Test Account (free), that lets you try out spread betting, then please see below.
When deciding which trading option is right for you, also remember that in the UK, financial spread betting is currently free of stamp duty, capital gains tax and income tax*.
Assuming you want a free online spread betting platform then you should note that you are able to spread bet on Tullow Oil commission free and with no brokers' fees through firms like:
If you want to open a free Demo Account / Test Account where you are able to get a better understanding of spread betting, including trading markets such as Tullow Oil, then you can always take a look at:
Each of these spread betting firms provide a risk free Test Account that allows investors to try out new trading theories, apply a host of orders and analyse professional level charts, such as candlestick and bar charts.
How to Spread Bet on Tullow Oil? |
If an investor decides to invest in UK listed companies like Tullow Oil then one solution could be spread trading on the Tullow Oil share price.
Looking at a spread betting site like Selftrade Markets, you can see they are currently showing the Tullow Oil Rolling Daily market at 1455.2p - 1458.8p. This means that you can put a spread bet on the Tullow Oil shares:
 Increasing above 1458.8p, or
 Decreasing below 1455.2p
Whilst spread betting on UK shares you trade in £x per penny. Therefore, if you chose to risk £2 per penny and the Tullow Oil share price moves 27p then there would be a difference to your profits (or losses) of £54. £2 per penny x 27p = £54.
Rolling Daily Shares Markets
Be aware that this is a Rolling Daily Market and so there is no closing date for this market. If your position is still open at the end of the day, it will simply roll over to the next trading day.
Should your spread bet roll over, if you are speculating that the market will:
Move up - then you are charged a small overnight financing fee, or
Move down - then you will usually receive a small credit to your account
For more information on Rolling Daily Markets, and a fully worked example, please see Rolling Daily Spread Betting.
Tullow Oil Rolling Daily - Shares Spread Betting Example |
If we consider the above spread of 1455.2p - 1458.8p and assume:
- You have done your analysis, and
- Your research leads you to feel that the Tullow Oil share price looks like it will increase and move above 1458.8p
Then you might decide to buy at 1458.8p for a stake of, for example, £2 per penny.
With such a spread bet you win £2 for every penny that the Tullow Oil shares move higher than 1458.8p. On the other hand, you will make a loss of £2 for every penny that the Tullow Oil market decreases lower than 1458.8p.
Looking at this from another angle, if you buy a spread bet then your profit/loss is calculated by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that difference in price by your stake.
As a result, if after a few sessions the stock moved higher then you could consider closing your trade and therefore lock in your profits.
Taking this a step further, if the market did go up then the spread, set by the spread betting company, might move up to 1528.1p - 1531.7p. In order to close your trade you would sell at 1528.1p. As a result, with the same £2 stake you would make:
Your profit / loss = (Closing Value - Initial Value) x stake
Your profit / loss = (1528.1p - 1458.8p) x £2 per penny stake
Your profit / loss = 69.3p x £2 per penny stake
Your profit / loss = £138.60 profit
Trading shares, by spread betting or otherwise, is not easy. In this example, you had bet that the share price would rise. Of course, the share price can also go down.
If the Tullow Oil shares had fallen then you could choose to close your position in order to restrict your losses.
If the market fell to 1398.3p - 1401.9p you would close your trade by selling at 1398.3p. That would mean you would make a loss of:
Your profit / loss = (Closing Value - Initial Value) x stake
Your profit / loss = (1398.3p - 1458.8p) x £2 per penny stake
Your profit / loss = -60.5p x £2 per penny stake
Your profit / loss = -£121.00 loss
Note: Tullow Oil Rolling Daily spread betting price accurate as of 19-Oct-12.
Advert:
Tullow Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Tullow Oil with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Tullow Oil Spread Betting' by DB, updated 15-May-13
For related pages also see:
Spread Betting on Shares - FTSE 100 Companies, updated 17-May-13
Spread Betting on FTSE 100 Companies: Individual trading guides to FTSE 100 shares with broker ratings, charts and live prices. Plus how to spread bet on FTSE 100 companies, individual explanations, where to spread bet and...read article: Spread Betting on Shares - FTSE 100 Companies.
Barclays Spread Betting, updated 16-May-13
Barclays spread betting guide with live Barclays share prices and charts. Plus, broker recommendations on Barclays, where to spread bet on Barclays shares tax-free* and commission-free, how to spread bet on the Barclays share price and...read article: Barclays Spread Betting.
Spread Betting on BP, updated 13-May-13
BP spread betting guide with live BP share prices and charts. Plus, broker recommendations on BP, where to spread bet on BP shares tax-free* and commission-free, how to spread bet on the BP share price and...read article: Spread Betting on BP.
HSBC Spread Betting, updated 16-May-13
HSBC spread betting guide with live HSBC share prices and charts. Plus, broker recommendations on HSBC, where to spread bet on HSBC shares tax-free* and commission-free, how to spread bet on the HSBC share price and...read article: HSBC Spread Betting.
Lloyds Spread Betting, updated 16-May-13
Lloyds spread betting guide with live Lloyds share prices and charts. Plus, broker recommendations on Lloyds, where to spread bet on Lloyds shares tax-free* and commission-free, how to spread bet on the Lloyds share price and...read article: Lloyds Spread Betting.
RBS Spread Betting, updated 17-May-13
RBS spread betting guide with live RBS share prices and charts. Plus, broker recommendations on RBS, where to spread bet on RBS shares tax-free* and commission-free, how to spread bet on the RBS share price and...read article: RBS Spread Betting.
Rio Tinto Spread Betting, updated 16-May-13
Rio Tinto spread betting guide with live Rio Tinto share prices and charts. Plus, broker recommendations on Rio Tinto, where to spread bet on Rio Tinto shares tax-free* and commission-free, how to spread bet on the Rio Tinto share price and...read article: Rio Tinto Spread Betting.
Vodafone Spread Betting, updated 16-May-13
Vodafone spread betting guide with live Vodafone share prices and charts. Plus, broker recommendations on Vodafone, where to spread bet on Vodafone shares tax-free* and commission-free, how to spread bet on the Vodafone share price and...read article: Vodafone Spread Betting.
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