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Tullow Oil and Kingfisher: What you need to know

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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.