TUWOY - Tullow Oil: H1 Results And H2 Expectations
Tullow Oil’s (TUWLF) financial performance in FY 2017 and H1 2018 is inspiring; recuperating oil prices, cost-saving programme, reasonable capital allocation policy, and enhanced production above expectations fortified EBIT and net income. Besides, there are two key contributors to the recovered profitability and steady cash flow growth: TEN Fields and Jubilee oil fields. Despite issues related to the lawsuit and the fact that the firm is still not ready to return cash to the shareholders, the numbers became more attractive. Let’s go into details.