smcjg
Long

TULLOW OIL Consolidating levels.

LSE:TLW   TULLOW OIL PLC ORD 10P
The stock price is close to a strong long term support and the Oil price remains bullish in the medium term. Tullow’s CEO and management stabilised the business between Q1-17 and Q3-17. Asset sales and efficiency goals helped reduce its debt balance and capital expenditure commitments to manageable levels. Tullow Oil is generating free cash flow since Q317. An EBIT of $669M is expected in 2018 from $151M in 2017. A reduction of 40% of the debt in 2018 down to 2.88B will also help to increase the odds towards a new long term bullish scenario.

Good luck fellow traders

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out