Tullow Oil

Sensible outlook

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 33.8p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

DAVY VIEW

The script for Tullow’s Capital Markets Day (CMD) looks sensible and grounded. The messaging is focused on maximising cash flows from West African operations and maximising operational cash flow over the next ten years, built on a $55 oil price. On the face of it, it looks as if no further asset sales are in the pipeline.

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Nov 25 2020, 08:10 GMT

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