SaxoTV

Tullow Oil and Kingfisher: What you need to know

847 views
November 19, 2014 b&q, barclays, barclays share price, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crudeoil, diy, do it yourself, equities, equities trading, equity, equity index, equity market, equity market 2014, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, kingfisher, moat, morning star, morningstar, morningstar research, oil, oil and gas, oil commodities, oil industry, oil market, oil price, oil prices, oil production, oil stocks, oil supplies, oil supply, oil trading, petrofac, petrofac oil, petrofac stock, rolls royce, rolls-royce, saxo bank, saxo tv, share price, shares, shares 2014, shares down, shares prices, shares up, trading, tradingfloor.com, tullow, tullow oil, uk, uk economy, uk growth, undervalued, undervalued stock, undervalued stocks
The price of crude may be in free fall, but an oil company is one of two UK firms worth looking at. That’s according to research carried out by Morningstar. It believes Tullow Oil is looking cheap. And it thinks Kingfisher, the company behind the DIY stores B&Q, is also undervalued.

Holly Cook from Morningstar says Tullow Oil is valued at 1,200 pence (GBP 12) but it’s currently trading at less than half that value. She also says Kingfisher shares are trading a long way off a 430 pence ‘fair value estimate’.

She also points to three other UK companies that Morningstar believes are undervalued – Barclays, Rolls-Royce and Petrofac.