RE: Happy days9 Jun 2021 11:40
I think the company has a good strategy to get out of the hole they find themselves in. That being selling assets, paying down debt and focusing on developing their best assets. The debt is the only thing that makes me wary of this producer, it's almost double their market cap at 2.4 billion at Jan 2021. I think given time they will recover, so the real question is where are oil prices heading. There is clear macro uptrends and downtrends, the developing world will care less about emissions in efforts to raise the living standards of their people, whereas oil in the west, and select parts of Asia are slowly being opened to heavy competition. Tullow can only recover if there is strong oil prices, to drive profit and pay off debt, they can't take part in becoming greener to dodge future legislation since their debt is so chunky. Loads of risk and loads of potential return. But i stress to readers, Loads of Risks.