Our 6 ‘Best Buys Now’ Shares The Tesco share price has outperformed the FTSE 100 in 2020 Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Tesco (LSE: TSCO) looks set to end the year ahead of the FTSE 100. The supermarket giant’s share price is down 12.5%, just three points ahead of the Footsie’s 15.5% loss. But if Tesco isn’t ahead by 31 December, the chances are it’s going to be very close.I really thought Tesco’s year-end position would be significantly better than this. Supermarkets were among the essential traders that didn’t have to close during the Covid-19 lockdowns. Shopping practices were restricted though. And a lot of people will have held back on their spending while focusing on essentials.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But Tesco has been very flexible with opening hours in response. Still, analysts expect full-year revenue to drop around 9% for the current year. And earnings look set to fall by around a third. Tesco’s profit margins have been squeezed by the extra costs caused by the pandemic. And that has to hurt the Tesco share price.Tesco share price lagging?But there’s a rebound forecast for next year, which would take Tesco back close to pre-Covid earnings. It would put the shares on a P/E of only around 12. For the leader in the UK’s FTSE 100 supermarket sector, I think that’s cheap. And when I look at the predicted 2021-22 dividend yield of 5%, I reckon it’s even cheaper. So why the lack of investor enthusiasm?We can’t ignore the longer-term decline in Tesco’s market share. The most recent Kantar figures put Tesco’s share of the UK’s grocery market at 27%. That’s significantly ahead of second-placed Sainsbury’s on 15.7%. But Tesco used to command more than 30% of the market, and relative newcomers are slowly chipping away. Every chip puts extra pressure on the Tesco share price.Aldi’s market share has already reached 7.7%, and it’s closing in on Morrisons‘ 10.3%. I wouldn’t be surprised to see those two positions reversed before too much longer, putting Aldi fourth (behind Asda). Lidl is also climbing the rankings, now with 6.2% of the market.Still, despite the growing encroachment from these newcomers, I reckon Tesco has one key advantage. And it’s a big one. I’m talking about its home deliveries service, which has come to the fore in 2020. Despite their reasonable performance, I don’t think Tesco shares have caught up with the potential.Shopping paradigm shiftOnline groceries shopping boomed in 2020, due to the pandemic. But I really don’t see it as a one-off switch in the UK’s shopping habits. Many have been forced to overcome the inertia and get online to do their shopping this year. And you know what I’ve been hearing from people I’ve spoken to? Things like “Oh, that was quite easy really,” and “I’ll do that again” and I think we’re in the midst of a permanent shift.Tesco was the big early mover in the online groceries business. And though Ocado might be capturing the imagination, that relative newcomer only accounts for 1.7% of the market. Tesco has it all in place, and enjoys the cumulative expertise built from its experience. I reckon that gives Tesco a significant competitive advantage over the competition, and I envisage a growing share of the online groceries market.The share price puts Tesco on my 2021 buy list. Alan Oscroft | Monday, 21st December, 2020 | More on: TSCO Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Alan Oscroft
The Aviva Premiership salary cap may have risen this season and the quality of foreign imports improved as a result, but that has not stopped the young, future stars of the English game shining during the opening rounds of the competition.Off-season headlines centred around big-money additions like Louis Picamoles, Schalk Burger, Matt Toomua and Kurtley Beale and though the influence of these star players has been and will continue to be clear to see, the recent swell in emerging English talent has continued unabated.Alongside Picamoles at Northampton, Harry Mallinder was a shining light for the club in their recent loss to Wasps. The young centre whipped passes along the back line with velocity and precision, picking out runners with unerring accuracy, and kept play alive with a number of excellent offloads, which allowed Saints to try and build pressure.Smooth operator: Mallinder has power and finesse in abundanceHis inclusion at inside-centre last season saved Northampton’s Champions Cup campaign from a premature conclusion and once again an opening in the No 12 jersey – courtesy of an unfortunate injury to Luther Burrell – has allowed Mallinder to give Northampton fans something to cheer after a disappointing start to the season.Another centre making strides is Joe Marchant.Like Mallinder, he’s been playing in a team that has struggled for consistency so far this season but his individual performances at outside-centre have been encouraging for Harlequins. The former fly-half was a surprising inclusion in Eddie Jones’ provisional Elite Player Squad earlier this year but the Australian is well-known as a proficient identifier of talent and his decision already seems to be being vindicated.Marchant took a leap forward last season – playing in his second year of U20 eligibility – filling out physically and adding power to an already formidable set of skills built around his speed and elusiveness. The step up to Premiership level has not proven a stumbling block for Marchant.Snaffler: Will Evans has been impressing in the back row for LeicesterAnother member of Jones’ provisional EPS is Leicester flanker Will Evans. At just 19 years of age, Evans has another year of U20 eligibility should he need it, but with the England senior set-up and Leicester both well aware of his talents, it may be that he bypasses the U20s this year and features for the Tigers during the U20 Six Nations and tours Argentina with England during the World Rugby U20 Championship.Given the rigours of playing in the pack, especially for a team that prides itself on its work rate and physicality, Leicester have been a bit more cautious with Evans, deploying him from the bench in their first three fixtures of the season. With the likes of Brendon O’Connor, Mike Williams, Tom Croft and Luke Hamilton at Leicester’s disposal on the flanks, it’s commendable that Evans is already forcing his way into contention.Given their prominent roles with the England U20 side last year and the fact they all made their senior club debuts in the 2015-16 season, the presence of Mallinder, Marchant and Evans in Premiership matchday 23s is not all that shocking. As the season goes on, injuries, international call-ups and the Anglo-Welsh Cup will offer further openings for the talent emerging from the Premiership academies – that currently seem to be in overdrive – and the fear that a rising salary cap will correlate with a diminishing in young English players making the breakthrough has largely been assuaged for the time being.As we begin to move towards the first Test window of the season, the spotlight will begin to swing away from club rugby but don’t forget to keep an eye trained on it, as there a number of players on the cusp of breaking through. Rich promise: Joe Marchant has the ability to go all the way TAGS: Highlight LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS With the England squad for the Autumn Internationals set to be named, there are a bevvy of young players shining in the Premiership Too hot to handle: Paolo Odogwu has excelled on the wing for Sale SharksThere are others, however, who have surprised with their quick rises through the ranks during the last few weeks.Sale snapped up talented wing Paolo Odogwu from Leicester this offseason and the powerful speedster quickly proceeded to break Christian Wade’s try-scoring record at the Singha Premiership 7s in the summer, an accomplishment that has helped catapult him into senior rugby.Odogwu’s impact in preseason and training saw him breakup Sale’s vaunted wing combination of Nev Edwards and Will Addison and he has looked dangerous, even in a Sale side that is currently struggling to give their back line a decent foundation from which to work. Rugby league convert Josh Charnley will have his work cut out cracking Sale’s starting back three and if Odogwu continues to impress, it may be that Charnley plays alongside the youngster, rather than instead of him.Handful; Jamie Shillcock has impressed at full-back for WorcesterAnother player who has got his work cut out cracking a starting XV is Worcester stalwart Chris Pennell.The full-back is currently rehabbing a neck injury and has seen academy product Jamie Shillcock impress in his jersey in the meantime. Shillcock has shone previously for Worcester U18s at fly-half, filled in for England U20s and Worcester U18s at scrum-half – featuring at the academy league finals day just seven months ago – and is now bringing those multi-positional skills to bear at full-back in the Premiership.Pennell is too talented of a player not to return to the XV when he is fit but the ability Shillcock is showing now will make for a great competition for the jersey over the rest of the season, as well as potentially putting himself into the fly-half conversation with Ryan Lamb and Tom Heathcote.Another England U20 player making the most of opportunities that have come his way is Zach Mercer. The Bath back-rower has filled in impressively with Taulupe Faletau, Guy Mercer and David Denton all injured and Francois Louw on Springbok duty in The Rugby Championship.Chip off the old block: No 8 Zach Mercer is the son of former All Black, GaryTodd Blackadder spent years at the Crusaders moulding Kieran Read – unarguably the best number eight in world rugby – and there’s a good chance he sees a little of Read in Mercer. Mercer has the hands and athleticism to be a great attacking weapon and with patience, hard work and the right opportunities, he should be able to fulfil that potential. Having him work with Blackadder and Tabai Matson is good news not only for Bath, but also for English rugby.
World Rugby has announced a busy programme of international fixtures LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Rugby’s July Test ScheduleThe British & Irish Lions tour to South Africa may be front and centre on the rugby calendar this summer, but there will also be lots of men’s Test matches played around the world.Related: British & Irish Lions fixturesThe Covid-19 pandemic has meant that a lot of the scheduled tours cannot go ahead, but World Rugby has announced a programme of Internationals for the July window.South Africa will prepare for the Lions series with two matches against Georgia – their first Tests since the 2019 World Cup final and the first time they have faced Georgia since RWC 2003.Eleven England players have been called up by the Lions, so Eddie Jones will have a much-changed squad for matches against the USA and Canada at Twickenham as well as an A fixture against Scotland in Leicester.Ireland will play Japan and the USA in Dublin while Scotland will travel to Georgia and Romania for their summer Tests. Wales will play Canada before a two-Test series against Argentina, all in Cardiff.It is hoped that fans will be allowed into the matches at Welford Road, Twickenham and the Principality Stadium, albeit at reduced capacity.In the southern hemisphere, Australia host France for a three-Test series in mid-July while New Zealand will play two matches against Fiji. The All Blacks last played Fiji in a Test in 2011.As the ‘Pacific hub’, New Zealand will also host the Samoa v Tonga play-offs, which acts as a qualifier for the 2023 World Cup. The winner of that match will go into Pool D with England, Japan, Argentina and Americas Two as Oceania One.Rugby’s July Test ScheduleEngland’s July TestsSun 27 June England A v Scotland A (Mattioli Woods Welford Road)Sun 4 July England v USA (Twickenham)Sat 10 July England v Canada (Twickenham)Ireland’s July TestsSat 3 July Ireland v Japan (Aviva Stadium)Sat 10 July Ireland v USA (Aviva Stadium)Scotland’s July TestsSun 27 June England A v Scotland A (Mattioli Woods Welford Road)Sat 10 July Romania v Scotland (Stadionul National Arcul de Triumf)Sat 17 July Georgia v Scotland (tbc)Wales’ July TestsSat 3 July Wales v Canada (Principality Stadium)Sat 10 July Wales v Argentina (Principality Stadium) Sat 17 July Wales v Argentina (Principality Stadium)South Africa’s July TestsWeekend 2/3 July South Africa v Georgia (tbc)Weekend 9/10 July South Africa v Georgia (tbc)Sat 24 July South Africa v British & Irish Lions (tbc)Sat 31 July South Africa v British & Irish Lions (tbc)Sat 7 August South Africa v British & Irish Lions (tbc)New Zealand’s July TestsSat 10 July New Zealand v Fiji (tbc)Sat 17 July New Zealand v Fiji (tbc)Australia’s July TestsWed 7 July Australia v France (Sydney Cricket Ground)Tue 13 July Australia v France (AAMI Park)Sat 17 July Australia v France (Suncorp Stadium)France’s July TestsWed 7 July Australia v France (Sydney Cricket Ground)Tue 13 July Australia v France (AAMI Park)Sat 17 July Australia v France (Suncorp Stadium)Rugby World Cup 2023 Qualifiers – Oceania OneSat 10 July Samoa v Tonga (first leg)Sat 17 July Tonga v Samoa (second leg) Cory Hill attacks for Wales against Argentina in 2018 (NurPhoto/Getty Images) Can’t get to the shops? You can download the digital edition of Rugby World straight to your tablet or subscribe to the print edition to get the magazine delivered to your door.Follow Rugby World on Facebook, Instagram and Twitter.
SHARE SHARE Previous articleClosing CommentsNext articleEPA Administrator in Political Trouble, Again Hoosier Ag Today EPA Data Shows Small Refiner Waivers Have Lowered 2016, 2017 RFS Blending Obligations by 1.6 Billion Gallons Facebook Twitter Home Energy EPA Data Shows Small Refiner Waivers Have Lowered 2016, 2017 RFS Blending… EPA’s recent actions in exempting small refineries from their Renewable Fuel Standard blending obligations for 2016 and 2017 have effectively lowered the volumetric obligations by at least 1.6 billion gallons, according to an analysis of the agency’s own monthly compliance data by the Renewable Fuels Association. The volume of lost blending obligations for these two years is 10 times the collective volume of lost volume from 2013-2015.In recent weeks, it’s been widely reported that EPA has exempted as many as 25-30 small refineries from their RFS blending obligations in 2017, and as many as 20 refineries from their 2016 obligations. Despite numerous requests from industry stakeholders, including RFA, and lawmakers for additional information, EPA has not disclosed the exact number of exemptions granted or the volume of required renewable fuel blending that was effectively erased.However, recently updated data found in EPA’s EMTS database provides some clarity on the volume of gasoline and diesel fuel that was exempted from blending requirements in 2016 and 2017. “The EPA data strongly imply that small refiner exemptions have resulted in effectively lowering the 2017 required volume of renewable fuels by 1.11 billion gallons, or 6%. The data also show that small refiner exemptions also effectively reduced the 2016 RFS requirement by 523 million gallons,” according to the analysis.Based on EPA’s EMTS database, the actual annual consumption of gasoline and diesel fuel in 2013-2015 was very close to the volume of gasoline and diesel fuel obligated for RFS compliance, as reported by obligated parties. “This means RFS blending obligations applied to virtually every gallon of gasoline and diesel fuel produced and consumed in the United States,” the analysis explained. “However, something clearly changed in 2016 and 2017. The EPA data show large discrepancies between actual gasoline and diesel consumption and the volumes obligated for renewable fuel blending as reported by obligated parties. The difference was 5.2 billion gallons in 2016, virtually doubling to 10.3 billion gallons in 2017. The only reasonable explanation for these large discrepancies between actual gasoline/diesel consumption and the volume of gasoline/diesel obligated for renewable fuel blending is the surge in small refiner exemption approvals,” the analysis found.“This analysis, based by EPA’s own data, confirms our concerns and sheds light on the scope and magnitude of Administrator Pruitt’s campaign to undermine the RFS,” said RFA President and CEO Bob Dinneen. “While EPA refuses to publicly confirm the details surrounding the numerous small refiner waivers it has issued, this data speaks for itself, showing the demand destruction that has resulted from Administrator Pruitt’s secret small refiner bailouts. Combined with the PES bankruptcy settlement and EPA’s failure to enforce the 2016 RVO as remanded by the courts, Administrator Pruitt’s actions have erased demand for more than 2 billion RINs. These moves are hurting America’s biofuel producers, farmers, and ultimately consumers, and they stand in direct opposition to President Trump’s commitment to protect the RFS.”Source: RFA Facebook Twitter By Hoosier Ag Today – Apr 24, 2018
ReddIt Facebook print A portrait of Dee Kelly Sr. at his funeral reception. TCU Frog Camps returning to more traditional look this summer Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ Reception for Dee J. Kelly Twitter Previous articleThe Skiff: October 8, 2015Next articleMen’s golf posts best finish of season Caroline Klapp RELATED ARTICLESMORE FROM AUTHOR Caroline Klapp is a junior journalism major from Argyle, Texas. She currently serves as the academics editor. Reception for Dee. J Kelly Caroline Klapp ReddIt Memorial service for Emeritus Trustee Dee J. Kelly at University Christian Church. (Alexandra Plancarte/TCU360) Stanford professor speaks as Green Honors Chair Linkedin Reception for Dee J. Kelly Memorial service for Emeritus Trustee Dee J. Kelly at University Christian Church. (Alexandra Plancarte/TCU360) Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ Student publishes children’s book, “The Howard Gardner Zoo” Athletics programs increase geographical diversity on campus The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years Reception for Dee. J Kelly TCU students teach dance through TCU Tadpoles Caroline Klapphttps://www.tcu360.com/author/caroline-klapp/ Linkedin TCU places second in the National Student Advertising Competition, the highest in school history Facebook Hundreds of mourners came to the Dee J. Kelly Center on Wednesday afternoon to honor the life of the center’s namesake.Mr. Kelly, 86, a TCU graduate of the class of 1950 who served on the board of trustees from 1971 to 2007, died last week.Family, friends and coworkers remembered Mr. Kelly first at a memorial service at the University Christian Church and then at the reception, which immediately followed.Dee J. Kelly Jr., Mr. Kelly’s son, thanked those gathered for their support.“We’re grateful,” Kelly said. “It’s all we can hope for.”Kelly recounted his father’s place in his life.“My days began and ended with my dad,” Kelly said. “He meant everything to me.”Patrick Kelly, a grandson of Mr. Kelly, is a first-year business major at TCU.“I never knew him as Dee J. Kelly, he was just a grandfather,” Patrick Kelly said. “I’ve spent every Christmas with him. We didn’t miss one. I wouldn’t have done it any other way.Patrick Kelly said his grandfather could be described as hardworking. He was the “epitome of how a successful man should grow up to be.”“He was always there to listen no matter what,” Patrick Kelly said. “He was one of the most caring men I’ve ever met.”He added that his grandfather encouraged him and all his brothers and sisters to go to college.“He is the reason I’m at TCU, the reason every one of his grandchildren has a college education,” Patrick Kelly said.Economics adjunct professor Harry Ledbetter was running for state treasurer in 1973, when he met Mr. Kelly.“When I first got to know him was in the 1970s,” Ledbetter said. “Everyone told me, if you want to run for office, you need Dee J. Kelly’s support.”Ledbetter said Mr. Kelly was fair and wanted what was best.“He was considered a go-to for political support in Tarrant County,” Ledbetter said. “He wasn’t looking for favors, he just wanted to make sure the best person was elected.”Mr. Kelly was a founding partner of the law firm Kelly Hart & Hallman. Beth Thurman, an associate with the firm said Mr. Kelly had a significant impact on Fort Worth.“His presence was felt on a daily basis and his love for the community was felt on a daily basis,” Thurman said. Twitter Memorial service for Emeritus Trustee Dee J. Kelly at University Christian Church. (Alexandra Plancarte/TCU360) Caroline Klapp https://www.tcu360.com/author/caroline-klapp/ A portrait of Dee Kelly at his funeral reception. + posts Reception for Dee J. Kelly
News, Sport and Obituaries on Monday May 24th More than €3.3 million has been allocated to Donegal County Council for active travel and climate change adaptation measures.The grant allocations under the Government’s July Jobs Stimulus Plan will see just over €2.5 million awarded for 55 active travel projects across the county and around €780,000 for seven climate change adaptation measures.The plans include the creation of ‘slow zones’ in Letterkenny, the replacement and repair of the sea wall in Rathmullan and the provision new footpaths, cycleways and crossing facilities in a number of towns and villages across the county.Department of Transport Minister of State, Hildegarde Naughton:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/08/prosdfgdfgdfghjects7am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.A full list of the projects in Donegal: By News Highland – August 31, 2020 AudioHomepage BannerNews WhatsApp Google+ Twitter Loganair’s new Derry – Liverpool air service takes off from CODA WhatsApp Pinterest Pinterest Google+ Community Enhancement Programme open for applications Arranmore progress and potential flagged as population grows Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Nine til Noon Show – Listen back to Monday’s Programme Important message for people attending LUH’s INR clinic Previous articleGardai concerned over ‘unworkable new laws’ for house partiesNext articleNew fund launched to help micro businesses impacted by Covid-19 News Highland Donegal gets €3.3 million in jobs stimulus funding
The Southern Ocean and Antarctic region currently best represent one of the few places left on our planet with conditions similar to the preindustrial age. Currently, climate models have low ability to simulate conditions forming the aerosol baseline; a major uncertainty comes from the lack of understanding of aerosol size distributions and their dynamics. Contrasting studies stress that primary sea-salt aerosol can contribute significantly to the aerosol population, challenging the concept of climate biogenic regulation by new particle formation (NPF) from dimethyl sulphide marine emissions. We present a statistical cluster analysis of the physical characteristics of particle size distributions (PSD) collected at Halley (Antarctica) for the year 2015 (89 % data coverage). By applying the Hartigan-Wong k-Means method we find 8 clusters describing the entire aerosol population. Three clusters show pristine average low particle number concentrations (< 121–179 cm−3) with three main modes (30 nm, 75–95 nm, 135–160 nm) and represent 57 % of the annual PSD (up to 89–100 % during winter, 34–65 % during summer based upon monthly averages). Nucleation and Aitken mode PSD clusters dominate summer months (Sep–Jan, 59–90 %), whereas a clear bimodal distribution (43 and 134 nm, respectively, min Hoppel mode 75 nm) is seen only during the Dec–Apr period (6–21 %). Major findings of the current work include: (1) NPF and growth events originate from both the sea ice marginal zone and the Antarctic plateau, strongly suggesting multiple vertical origins, including marine boundary layer and free troposphere; (2) very low particle number concentrations are detected for a substantial part of the year (57 %), including summer (34–65 %), suggesting that the strong annual aerosol concentration cycle is driven by a short temporal interval of strong NPF events; (3) a unique pristine aerosol cluster is seen with a bimodal size distribution (75 nm and 160 nm, respectively), strongly correlating with wind speed and possibly associated with blowing snow and sea spray sea salt, dominating the winter aerosol population (34–54 %). A brief comparison with two other stations (Dome C Concordia and King Sejong Station) during the year 2015 (240 days overlap) shows that the dynamics of aerosol number concentrations and distributions are more complex than the simple sulphate-sea spray binary combination, and it is likely that an array of additional chemical components and processes drive the aerosol population. A conceptual illustration is proposed indicating the various atmospheric processes related to the Antarctic aerosols, with particular emphasis on the origin of new particle formation and growth.
COVID-19 and low oil prices force Tullow Oil to further reduce its 2020 capex. (Credit: Wonita Janzen from Pixabay) Tullow Oil has revised its 2020 capital expenditure (capex) to about $300m following the identification of additional cost savings in response to the challenging external factors.Last month, the UK-based oil and gas company announced its 2020 capex at $350m, which marks a 30% cut compared to the previous year. The company had also announced a budget of about $100m on decommissioning activities, which has now been brought down to $65m.The company, currently has interests in more than 70 exploration and production licences, that are spread across 15 countries in the African and South American continents.Tullow Oil claimed that it has identified savings mainly through the postponment of activities across its portfolio and by cost cutting that can be achieved by ongoing farm-down actions.In Ghana, the company is said to generate savings through the early termination of the Maersk Venturer rig and the postponement of certain well activity along with the removal of any non-critical operations which do not focus on safety and asset reliability.However, the UK oil and gas firm will continue to make investments in projects that will provide good returns with its board of directors agreeing to advance the next phase of the Simba development in Gabon which is expected to pay back by the end of next year at $30/bbl.Preparations made by Tullow Oil to handle coronavirus outbreakThe company said that its production activities in West Africa have not been impacted by COVID-19 as of now. Apart from implementing existing infectious disease mitigation plans, the company said that all its personnel in West Africa will self-isolate in Ghana for two weeks prior to their transfer to its floating production storage and offloading units (FPSOs) so that that the risk of a COVID-19 outbreak offshore is kept under a check.Additionally, the company has completed a redetermination of its reserves based lending (RBL) facility to confirm a debt capacity of $1.9bn and a headroom of about $700m.Tullow Oil chief financial officer Les Wood said: “Today’s positive news verifies the strength of our producing assets and robust hedging strategy which underpin the RBL and, combined with the further cost savings we have identified, confirms the strength of our liquidity in the medium-term.“Nevertheless, strengthening the balance sheet continues to be a key priority with the Group seeking to raise proceeds in excess of $1 billion through portfolio management.“Elsewhere in the business, Tullow is responding well to the challenges presented by the Coronavirus pandemic with strong controls and processes in place to allow the business to operate as close to normal as possible in spite of these difficult times.” Last month, Tullow Oil set its 2020 capex at $350m, which marked a 30% cut compared to the previous year