Recent sales figures show revenue growth from new products beginning to more than offset the decline in revenues from older blockbuster respiratory drugs, putting Glaxo back on the sales growth trail. New products currently account for £2bn in annual sales, but this contribution is expected to rise to £6bn by 2018.

City analysts are optimistic too, with earnings forecasts pointing towards a strong rebound this year. Adjusted earnings per share (EPS) are expected to climb 16% this year, with further growth of 6% pencilled-in for 2017. This means its forward P/E is expected to fall to 16.2 and 15.4 by 2016 and 2017, respectively.

Its dividend, which management has frozen at 80p per share annually until the end of 2017, currently yields 5.5%. Dividend cover for GSK fell below the symbolic 1 level in 2015, but with earnings expected to bounce back strongly, investors should have little to worry regarding the sustainability of its dividend. Dividend cover in 2016 and 2017 is expected to rise above 1 and by 2018, the level could rise above 1.2 times.

Strong prospects

BAE Systems (LSE: BA) is benefitting from developments that should boost its business. Rising geopolitical tensions and political unrest in the Middle East have led to increased defence spending globally, and the impact of this has already made its mark on BAE’s recent sales figures. Sales and operating profits in 2015 grew at their fastest paces in five years, up 7.6% and 15.5%, respectively.

The company’s forecast dividend payment of 21.4p per share should be covered by expected earnings of 38.6p per share, which would give it dividend cover of 1.8 times.

With the stock currently trading on a forward P/E of 12.2 and offering a prospective yield of 4.4%, I think this stock is deeply undervalued. That 4.4% doesn’t make it the highest-yielding in the market, but with a low dividend payout ratio and favourable tailwinds for the sector, there’s plenty of scope for dividend growth.

Wild card

My final dividend idea is Amec Foster Wheeler (LSE: AMFW). Its shares have fallen by over 50% over the past 12 months, but I believe it to be an under-appreciated income play.

The firm reassured investors in April, by re-affirming that it expects to see “only slight like-for-like revenue decline, with a reduction in trading margins significantly less than the decline in 2015.”

City analysts expect pre-tax profit for the full year of between £150m and £175m, with adjusted EPS declining by 20%, to 54.5p. But despite the anticipated fall in earnings, Amec shares trade at a very undemanding forward P/E of 8.1. Additionally shares have a prospective yield of 5%, with forecast dividend cover of more than 2.4 times.

There are downside risks though. Energy prices, which have recovered strongly in recent months, could dip again and potentially lead to further cuts in capital spending by the oil & gas industry. In addition, margins could also come under pressure due to weak market conditions and pricing pressures from excess capacity in the industry.

However, I believe these risks are already fully accounted for in its share price.

The post 3 cheap dividend stocks: GlaxoSmithKline plc, BAE Systems plc and Amec Foster Wheeler plc appeared first on The Twelfth Magpie.

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Jack Tang has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended GlaxoSmithKline. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Clearly, BHP Billiton (LSE: BLT) is one of the better diversified resources companies on the FTSE 100. However, even its share price has been severely hurt by the downturn and if commodities as a whole endure a difficult period, BHP’s share price could reverse the gains of the last three months where it has risen by 38%.

Looking ahead, BHP is forecast to increase its bottom line by 180% in the next financial year. And even after such strong share price growth of recent months, BHP’s improved financial performance does not appear to have been fully priced-in by the market. In fact, it trades on a price-to-earnings-growth (PEG) ratio of just 0.2 and this indicates that it has a relatively wide margin of safety. As such, and while a sustained fall in the price of commodities could cause its shares to fall, BHP still seems to offer a very enticing risk/reward ratio.

Worth buying?

Similarly Amec Foster Wheeler (LSE: AMFW) appears to be worth buying despite the risk from continued lows in commodity prices that have hurt investment activity in the sector. In response to the difficult trading conditions, Amec Foster Wheeler has initiated the sale process for multiple non-core assets and while its order book declined in value by 3% during the first quarter of the year, the company is still forecast to increase its bottom line by 4% next year. This could help to improve investor sentiment and show that even during challenging trading conditions, Amec Foster Wheeler is able to respond positively.

With Amec Foster Wheeler trading on a price-to-earnings (P/E) ratio of just 9.4, there’s significant upward rerating potential on offer. And with its shares yielding 4.4% from a dividend that’s covered 2.4 times by profit, it seems to be a sound buy.

Huge potential

Meanwhile, Cairn Energy (LSE: CNE) is a resources stock with huge potential to deliver long-term profitability. Its asset base is highly enticing and with it having a large cash pile, it appears to be well-funded. During a period where investor sentiment is rather low, Cairn’s strong balance sheet is a major plus for the company and its investors.

As with BHP and Amec Foster Wheeler, a sustained fall in the price of commodity prices could hit Cairn’s share price very hard. And the problem it faces is that because investors are somewhat nervous regarding the outlook for the resources sector, they may seek out companies perceived to be less risky than Cairn. In other words, businesses that are profitable and trade on low valuations. As such, and while Cairn could be a worthy buy for the long term, there seem to be better options elsewhere within the resources space.

The post Should you prepare for bad news from BHP Billiton plc, Cairn Energy plc and Amec Foster Wheeler plc? appeared first on The Twelfth Magpie.

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New boss Jonathan Lewis will join the company in June from US services giant Halliburton, where he’s currently a Senior Vice President. Given that Amec’s $3.2bn acquisition of US contracting firm Foster Wheeler is still weighing on the group’s results, Dr Lewis’s experience in the US oil services sector should be useful.

Amec also issued a trading update today. The group said that the oil and gas market remains tough but confirmed its guidance for 2016. This suggests it will deliver full-year adjusted earnings of 52.5p per share this year, putting the stock on a forecast P/E of 9.3.

This could be good value, if Amec can deliver on plans to halve its £1bn net debt by selling non-core assets.

Spending cuts bite hard

Engineering firm Fenner (LSE: FENR) has also been hit hard by spending cuts at big oil and mining firms. Demand for Fenner’s industrial rubber belts and other such items is much lower than it used to be.

Fenner said today that underlying operating profit fell by 48% to £15m during the six months to 29 February, while revenue was 20% lower at £276.8m.

The interim dividend has been cut by 75% from 4p to just 1p, although this was largely expected. Today’s guidance suggests the firm will pay a final dividend of 2p, for a total payout of 3p per share. That’s equivalent to a yield of 2.3% at the current share price of 131p.

One bright spot was that operating cash flow rose slightly to £19.1m, from £18.5m last year. This suggests that Fenner’s cost-cutting and restructuring is starting to work.

As a long-term shareholder I remain underwater, but have no plans to sell. Fenner’s medical business is continuing to perform well and forecasts suggest that profits should bottom out this year and start to recover in 2017.

Toys beat mining

One firm that has performed outperformed most commodity stocks over the last couple of years is toy manufacturer Character Group (LSE: CCT).

Character’s share price has risen by 183% since May 2014, but the shares have been pretty flat since last August. Is the firm’s growth slowing?

Today’s results show that revenue rose by 12% to £65.2m during the first half of the year, while underlying operating profit rose by 20.8% to £8.7m. However, reported operating profit only rose by 1.1% and was £8.8m.

The difference between Character’s underlying and reported profits relates to exchange rate effects. Most of the group’s purchasing is done in US dollars, but it reports in pounds sterling. During the first half of last year, currency effects boosted Character’s profits by £1.5m. This year, the equivalent figure was just £0.1m. This is why reported profits were flat during the first half of this year, despite sales rising by 12%.

In my view, investors should focus on the sales figures for Character. With the shares on 11 times 2016 forecast earnings and offering a forecast yield of 2.3%, I don’t see any reason to sell just yet.

The post Are Amec Foster Wheeler PLC, Fenner plc & Character Group plc a buy after today’s results? appeared first on The Twelfth Magpie.

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Roland Head owns shares of Fenner. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

A tale of two charts

As we can see from the first chart, the three shares under review here today, Hunting (LSE: HTG), Amec Foster Wheeler (LSE: AMFW) and Weir (LSE: WEIR), have trounced the FTSE 100 over the last three months as oil has staged a recovery along with some other commodities.

Indeed, anyone who was brave enough to buy in the market panic would now be sitting on a handsome return. However, like me, I suspect not many investors did take the plunge due to the fear of conditions worsening.

And it’s not too difficult to understand why investors would be reluctant to invest in the sector when you cast an eye over the 12-month chart below.

As you can see, all three companies have been hit hard by the impact that the low oil price has had on the upstream explorers and producers who are understandably reluctant to deploy their cash while the price of the commodity is so low.

A difficult year ahead?

It’s sometimes difficult for investors to actually appreciate the impact that a prolonged event such as the low oil price can have on a business. What brought it home to me was the AGM trading update from Hunting on Wednesday.

Investors were told that, as highlighted in the group’s preliminary results outlook in March, trading during the first quarter of 2016 across the majority of the businesses had been weak, with revenue being approximately 50% lower when compared to Q1 2015.

They were also told that while the price of WTI crude oil has stabilised since the year-end at around $40 per barrel, the US rig count has declined to below 450 active units. This was down from over 1,800 units at the start of 2015, reflecting the difficult market environment being experienced by all energy sector companies.

Despite the gloomy outlook, the shares actually rose on the day, I suspect due to general relief that trading hadn’t worsened.

Have we reached a low point?

I’ve written before on the folly of trying to predict the direction of prices, and in particular the prices of commodities exposed to movements in the US dollar, concerns over Chinese growth and many other moving parts, supply included.

However, it seems that the market is looking towards a meeting of some of the major oil producers over the weekend in Doha. It’s hoped that there will be an agreement struck which will mean a freeze on production at current levels.

While this, in my view can be seen as a positive sign, demand is going to have to catch up with the supply in order to see a return to more normal pricing in the future. This in my view leaves the door open for additional volatility going forward, which in turn could knock the recovery in the share prices that we’ve witnessed so far.

The post Can Hunting plc (+39%), The Weir Group plc (+28%) & Amec Foster Wheeler plc (+22%) Continue To Beat The FTSE 100? appeared first on The Twelfth Magpie.

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Dave Sullivan has no position in any shares mentioned. The Motley Fool UK has recommended Weir. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Gold has also risen in price due to a slower-than-expected rise in US interest rates. At the end of 2015, multiple rate rises were due this year, but the market is now pricing-in a much more dovish Federal Reserve. And with gold having historically been negatively correlated to interest rate changes, a lower-than-expected interest rate is good news for investors in Randgold Resources.

Looking ahead, Randgold Resources could continue to beat the FTSE 100. It’s forecast to increase its bottom line by 13% this year and by a further 26% next year. This puts it on a price-to-earnings growth (PEG) ratio of just 1.2, which indicates that considerable capital gain potential is very much on the cards.

Overcoming challenges

Also offering the prospect of FTSE 100-beating performance is Amec Foster Wheeler (LSE: AMFW). Although the resources support services company is experiencing a highly challenging period at the present time as investment spending across the resources sector is slashed, investor sentiment towards the stock is improving. Evidence of this can be seen in Amec Foster Wheeler’s share price gain of 16% since the turn of the year, even though it today reported a pre-tax loss of £235m for the 2015 financial year. 

That loss, however, was in line with the company’s guidance and while dividends have been slashed to 29p per share from 43p per share last year, Amec Foster Wheeler’s adjusted performance shows that it remains a high quality business. The adjusted numbers remove non-cash charges such as the £308m impairment charge booked in 2015. While Amec Foster Wheeler is forecast to record a fall in adjusted earnings of 16% this year, its performance next year is expected to improve.

In fact, Amec Foster Wheeler is set to record earnings growth of 7% in 2017, which puts it on a price-to-earnings growth (PEG) ratio of just 1.2. With there being the potential for further rises in the prices of oil and other commodities moving forward, now could be a prudent time to buy a slice of the company due to its potential to beat the FTSE 100 over the medium-to-long term.

Brighter future

Meanwhile, BHP Billiton (LSE: BLT) is also up by 13% year-to-date and the diversified resources play seems to have significant long-term potential to deliver further capital gains. Certainly, in the short run its shares are likely to be highly volatile, but with a strong balance sheet and excellent cash flow, BHP appears to be well-placed to emerge from the current commodity crisis in a stronger position relative to its peers.

With BHP expected to more-than-double its earnings in the next financial year, its PEG ratio of 0.3 holds huge appeal. Clearly, forecasts are subject to change but with BHP having such a wide margin of safety as well as a diversified business that operates in relatively low-risk regions of the world, its long-term future appears to be very bright.

The post 3 Resources Stocks Set To Beat The FTSE 100: BHP Billiton plc, Randgold Resources Limited And Amec Foster Wheeler PLC appeared first on The Twelfth Magpie.

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Peter Stephens owns shares of BHP Billiton. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Hunting

Shares in oil and gas equipment firm Hunting (LSE: HTG) rose sharply this morning after the firm declared a surprise 4 cent per share final dividend, taking the total payout for 2015 to 8 cents (around 5.7p).

It’s a far cry from last year’s 22p payout, but shareholders should take some comfort from today’s results. These show an underlying profit from continuing operations of $9.4m, down from $212.4m in 2014.

Hunting had a strong first half in 2015, as it cleared the backlog of orders from 2014. This helped to generate $118m of free cash flow and to reduce net debt to $110.5m from $131m at the end of 2014.

However, the second half of 2015 was fairly grim, as the firm’s pipeline of new business dried up. This morning, Denis Proctor, Hunting’s chief executive, said “We are in a wilderness without a single path to guide us”.

I suspect 2016 will be worse than 2015 for Hunting, but will it be the bottom? It’s too soon to say, in my view.

BP

BP (LSE: BP) delivered a grim set of 2015 results, but there was one highlight. The dividend was held, at $0.40 per share. This is about 28.5p and gives a yield of about 8%, at the current share price.

Although BP may still cut its dividend, I believe there’s a good chance that the payout will be maintained. BP’s debt levels remain low. Big cuts to spending and further asset sales mean that cash generation remains fairly strong.

Assuming that oil prices start to recover within the next 18 months or so, I don’t see any reason why BP can’t maintain the dividend. The firm has certainly convinced the City that the payout will remain unchanged. The latest consensus forecasts for 2017 show a flat payout of $0.40 per share.

In my view, BP shares could easily rise by about 20% when the oil market starts to recover. Add this to an 8% yield and I think the stock looks a decent buy. That’s why I recently added BP to my own portfolio.

Amec Foster Wheeler

The risks seem higher at Amec Foster Wheeler (LSE: AMFW), but the firm does seem to be making progress in the wake of chief executive Samir Brikho’s January departure.

Amec shares rose by about 7% on Wednesday, after the firm said it had agreed a competitive new finance facility with its lenders.

Amec shares do look relatively cheap at the moment, at least based on analysts’ forecasts. The stock boasts a 2015 forecast P/E of 7.1, rising to a forecast P/E of 8.3 for 2016.

However, the fact that 2016 earnings are expected to fall is a potential warning flag. Amec’s net debt is also quite high, at £957m. This is the result of the Foster Wheeler acquisition, which completed at the start of 2015.

Amec was also forced to issue a profit warning and cut its dividend by 50% in November. Analysts are forecasting a further cut of 25% for 2016, alongside a 14% drop in profits. It could still be too soon to buy, in my view.

The post Can BP plc, Amec Foster Wheeler PLC And Hunting plc Deliver 30% Gains in 2016? appeared first on The Twelfth Magpie.

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Roland Head owns shares of BP. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Alongside this, ITV has increased dividends by 28% to 6p per share and looking ahead, it remains confident of its prospects in 2016. It anticipates continued revenue growth across the business and expects to outperform the television advertising market. Furthermore, ITV sees opportunities to invest across its operations, both organically and through M&A activity.

With ITV trading on a price-to-earnings (P/E) ratio of 13.4, it appears to offer excellent value for money. Not only does it have a superb track record of earnings growth, it’s due to post a rise in net profit of 12% in the current year. This indicates that further share price growth is on the cards following its capital gain of 181% in the last five years.

Accentuate the positive

Also offering an upbeat long-term future is resources support services company Amec Foster Wheeler (LSE: AMFW). Its shares have risen by as much as 9% today after the company released a positive update regarding its financial position.

In fact, Amec Foster Wheeler has now completed the refinancing of its main debt facilities by entering into a new facility with a syndicate of 20 banks. This gives Amec Foster Wheeler substantial headroom and with energy prices being low and investment across the industry coming under pressure, this could prove to be a major positive for the company’s long-term future.

With Amec Foster Wheeler trading on a P/E ratio of 8.2, there’s clear upward rerating potential. Certainly, 2016 is set to be another tough year for the business, with its bottom line due to fall by around 16%. However, with growth forecast to return next year and its financial position being clearer following today’s update, it could prove to be an excellent long term buy.

Think long-term

Meanwhile, this week has seen Sports Direct (LSE: SPD) drop out of the FTSE 100 after a share price fall of 43% in the last three months. While further falls could be possible due to FTSE 100 tracker funds selling shares in the retailer and its earnings being set to fall by 4% in the current financial year, its long-term investment potential remains sound.

A key reason for that is Sports Direct’s valuation. With its net profit expected to rise by 5% next year and by a further 9% in the following year, it has a forward P/E ratio of just 9.8. This indicates that an upward rerating is on the cards and while its international operations have thus far disappointed, there’s still potential for improved sales growth in the UK and abroad.

Certainly, Sports Direct may need to refresh its strategy as consumer disposable incomes rise in real terms and price becomes less important to consumers. But with a reputation for good value, Sports Direct could remain popular even during improving economic conditions.

The post Why I’m Bullish On ITV plc, Sports Direct International Plc And Amec Foster Wheeler PLC appeared first on The Twelfth Magpie.

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Sweet oil has flowed naturally to surface from an 80-foot zone within the Lower Kimmeridge limestone interval at a depth of around 900 metres below ground. Flow commenced at a rate of around 700 barrels per day using a one-inch choke, with a mix of 50: 50 oil to water. The well was then choked back to 32/64 inches, which resulted in a slower oil rate of 463 barrels of oil per day, with a mix of over 99% oil and 1% water.

This is a highly significant event for UK Oil & Gas because it owns a 20% interest in the project and the company’s shares have responded so positively because flow rates are in excess of previous expectations. And with the planned use of a horizontal well and appropriate conventional reservoir stimulation techniques, flow rates could increase yet further.

Clearly, this is excellent news for investors in UK Oil & Gas and while the company remains relatively high risk due in part to its small size, it could be of further interest to less risk-averse investors.

Shares could take off

Meanwhile, continuing its recent share price fall today is support services company Amec Foster Wheeler (LSE: AMFW). Its shares are down by 14% year-to-date despite the company’s strategy seemingly improving its long-term outlook and the business having made impressive contract wins in recent weeks, notably with the US Air Force.

With Amec Foster Wheeler having a relatively low risk, multi-market business model, it seems likely to come through the present low ebb in commodity prices. And with its bottom line due to flatline in 2016 following what is expected to have been a highly disappointing 2015, investor sentiment in the stock could improve. That’s especially the case since Amec Foster Wheeler trades on a price-to-earnings (P/E) ratio of just 6.3, which indicates that it has tremendous upward rerating potential.

Volatile future

Also offering significant upside is Glencore (LSE: GLEN). Although it has been a major disappointment in recent months, 2016 has been much better for the company’s investors due to Glencore’s share price having risen by 12% since the turn of the year. Clearly, the outlook for the business remains highly volatile due to the potential for further commodity price falls, but Glencore appears to have the right strategy with which to come through its present difficulties.

For example, it’s reducing its debt levels and making cost savings, which according to its latest update appear to be progressing well. Although its dividend appeal is now lacking following its decision to suspend dividends, capital gain prospects remain relatively high. The company’s P/E ratio of 18.5 may sound high, but with earnings forecast to grow by 19% this year, Glencore could prove to be a profitable, albeit risky, long-term buy.

The post Does Recent News Flow Make Glencore PLC, UK Oil & Gas Investments PLC And Amec Foster Wheeler PLC ‘Screaming Buys’? appeared first on The Twelfth Magpie.

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This contract win marks another step on the road to recovery for Amec Foster Wheeler, with it attempting to diversify its business model away from the resources sector that has been hit hard by a falling oil price. As such, the company’s bottom line is forecast to have fallen by around 27% in the 2015 financial year and is due to flatline in the current year. This could cause investor sentiment to weaken somewhat in the short run and push Amec Foster Wheeler’s share price downwards over the coming months.

However, with the company having a relatively sound balance sheet and a prudent strategy to diversify, become more efficient and gradually improve its long-term financial performance, it seems unlikely that it will go bust. In fact, with its shares trading on a price-to-earnings (P/E) ratio of just 6.7, they offer exceptional capital gain potential. Although they may not double over the coming months, long-term investors could realistically realise a 100% gain over the coming years due to a very low valuation.

Ups and downs

Meanwhile, platinum producer Lonmin’s (LSE: LMI) comeback appears to have come to an abrupt end in recent days. It had recorded 75% share price gains in a matter of days to reach 63p per share last week, but has now come back to 47p after further doubts surrounding the outlook for the resources sector have come to light.

This is perhaps unsurprising since investors are extremely nervous right now and any positive or negative news, no matter how small, has the potential to dramatically shift share prices of mining and energy stocks. Therefore, Lonmin is likely to remain exceptionally volatile in the coming days and weeks.

With Lonmin having undertaken a fundraising towards the end of last year, it stated recently that it has sufficient capital resources with which to implement its new strategy. This is good news for the company’s investors, since Lonmin’s strategy has the scope to improve its efficiencies and long-term profit outlook, although it will clearly take time for the company to make a successful comeback.

The problem, of course, is commodity prices. Further falls are a very real threat to Lonmin and if they go low enough, then a number of mining and energy companies could be in real trouble. On the flip side, Lonmin is so cheap at the moment that it could rise by 100% or more over the medium term and so it may be of interest to the least risk-averse of investors.

The post Are Lonmin Plc And Amec Foster Wheeler PLC Set To Double… Or Go Bust? appeared first on The Twelfth Magpie.

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• Up 446% in 12 months! What’s next for the Ceres Power share price?
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• Forget meal deals! Here’s how £8 a day could be worth £357,000
• Up 132% and surging, how is this FTSE 250 share STILL so cheap?

Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

However, buying now could prove to be a sound, albeit risky, move. Certainly, in the short run there is the potential for further share price falls, but in the coming years a number of resource-focused stocks could prove to be among the best performing shares in the index.

One oil stock with huge potential is Tullow Oil (LSE: TLW). It has shifted its focus away from exploration and towards increasing production from existing assets. This appears to be a sensible move that should aid the company’s financial position at a time when a number of investors are casting a close eye over the sector’s financial standing.

And with increased production likely to mean improved cash flow, Tullow could begin to increase dividends at a rapid rate – especially since it is due to pay out just 7% of this year’s profit as a dividend. Moreover, rising dividends could provide the market with a degree of confidence in the company’s long term outlook, since it is an indicator of management’s belief in Tullow’s future. With dividends expected to rise by 57% this year, Tullow could begin to gain favour among the investment community.

Meanwhile, Amec Foster Wheeler (LSE: AMFW) also has huge appeal, with its shares trading on a price to earnings (P/E) ratio of just 6.2. A key reason for their valuation being so low is disappointing financial performance, with Amec’s bottom line having fallen by 8% in 2014 and by an expected 27% in 2015. Both of these figures indicate that further declines in net profit are a very realistic threat, although Amec’s bottom line is due to flat line in 2016.

Looking ahead, Amec expects the current challenging market conditions to continue, although due to its strong pipeline and low-risk multi-market model it appears to be well-positioned to ride out the present difficulties in the resources space. With Amec’s share price having fallen by 55% in the last year, it appears to be a strong buy for long-term, less risk-averse investors.

Also falling heavily in recent months has been shale gas company IGAS (LSE: IGAS). Its shares are down by a further 10% today and this means that they have fallen by 41% in the last six months alone, even though the company recently increased its acreage by around 25%.

Of course, IGAS reported a widening of its losses at the interim results stage and, while this was disappointing, it included asset and goodwill impairments. And while there could be further such charges, the underlying performance of the business was better than appeared to be the case at first glance.

However, with a number of other oil and gas companies offering a black bottom line and future growth potential, IGAs does not appear to be a strong buy right now. And with concerns still being present regarding its financial outlook, there appear to be better options elsewhere.

The post Is Now The Perfect Time To Buy Tullow Oil plc, Amec Foster Wheeler PLC And IGAS Energy PLC? appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has recommended Tullow Oil. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.