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TOT - Tullow Oil: Finding Value In The Rubble After Share Price Collapses
Total S.A.
Introduction
Tullow Oil (OTCPK:TUWLF) (OTCPK:TUWOY) is a British company producing oil offshore Ghana while it also owns a stake in important development-stage oil projects in Uganda and Kenya in a partnership with among others Total (TOT) and Repsol (OTCQX:REPYF) (OTCQX:REPYY). Just two years ago the future looked very bright for Tullow as it was completing a capex-heavy phase in its existence, and the free cash flow result would allow the company to rapidly decrease its net debt. Tullow’s share price has collapsed in the