Tullow Oil

Trading update: production driving cash flow and next growth phase

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 200.4p

  • RATING 30/06/09

  • PREVIOUS RATING N/A

Person's Name

Job Langbroek

Analyst

DAVY VIEW

While guidance ensured that there were no real surprises, the update underlines the fact that better oil prices and a growing production profile builds significant cash flows. Moreover, future scheduled production growth from discovered resources is substantial. All this is a platform for the re-start of the new ventures business in the group. Near-term focus on its Guyana prospects will ensure close market attention.

View full article

Download full report with analyst certification and important disclosures

Jan 16 2019, 07:10 GMT

Download