Let me begin with a spoiler: the oil industry is in big trouble, on the brink of a supply glut not seen in decades. Tullow Oil (TUWOY, TUWLF) is no exception.
When I published my first article on this London-based and Africa-focused exploration & production company, I had a moderately bullish sentiment, as the growth path the offshore player had embarked on looked supportive of consistent market value expansion. I was especially bullish when Tullow reinstated dividends as its cash flow outlook improved and balance sheet healed nearly all the wounds inflicted