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Tullow Reverses Gains; Barclays Cuts 2014 EPS Est. 20% to 45c 2014-01-15 09:20:05.90 GMT
By Benjamin Dow Jan. 15 (Bloomberg) -- Tullow (-2.2%) reverses gains of as much as 2.3% earlier after operations update, expansion of Kenya resource ests; vol. ~79% of 3-mo. daily avg. * House broker Barclays (overweight, PT 1,500p) “materially” cuts 2013 EPS est. to 13c vs 61c earlier * FirstEnergy (outperform) values Kenya wells at 15p-shr unrisked for Amosing-1, 11p/share unrisked for Ewoi-1 * Bernstein (outperform, PT 1,600p) notes lack of updates on Mauritania, “farming-down TEN” development * Block 10BB onshore Kenya partner Africa Oil (+5.7%) pares earlier gains of as much as 8.4%
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To contact the reporter on this story: Benjamin Dow in Moscow at +7-495-771-7735 or bdow2@bloomberg.net
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