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DDAIF - Tullow Oil: Still One Of The Better African Oil Producers
Daimler AG
Introduction
After checking in on Fresnillo (FNLPF), a London-listed silver and gold producer, we are staying on the British island for this week’s edition of Focus on Europe. And, although we remain in the commodity sector, this week’s focus will be on another segment as Tullow Oil (TUWLF) (TUWOY) is focusing on its oil production in Africa. Now, the Brent oil price continues to trade above $70/barrel, Tullow is basically printing money, and even after its recent 30% share price increase, the company remains cheap. Is it the