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Sunday, 02/11/2018 5:43:39 AM

Sunday, February 11, 2018 5:43:39 AM

Post# of 18778
Tullow Swings Into Profit As Focus Shifts To Kenya

https://www.rigzone.com/news/wire/tullow_swings_into_profit_as_focus_shifts_to_kenya-07-feb-2018-153438-article?rss=true&yptr=yahoo


"Tullow is in a much better position now than a year ago. We also think that the return of the growth function in the group is sensible and controlled," Davy Research analysts said in a note.

Tullow's net debt fell 27 percent to $3.5 billion as higher revenue allowed the company to end 2017 with $543 million of free cash flow. McDade said oil prices in the high $60s would create an opportunity for Tullow to grow its free cash flow.


Also...

https://www.bloomberg.com/news/articles/2018-02-08/kenya-halves-share-of-oil-income-for-communities-in-proposed-law?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

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