Steve Moore and I worked together at t1ps.com ever since he left University. He is a very talented young analyst and a man of utter principle which is why he quit t1ps. He is now working with my on my Nifty Fifty websital but also writing off his own bat and I am keen to support that. Apart from anything else he talks a lot of sense. As such I bring you a piece he has published on Tullow Oil. Steve writes…
Tullow Oil (TLW), the FTSE 100 oil and gas explorer and producer, has released calendar 2012 results which it emphasises are “in line with market expectations”, with a “balance sheet substantially strengthened through debt re-financing and $2.9 billion from Uganda farm-down”. The shares have responded favourably – currently trading higher at 1,235p, capitalising the company at £11.2 billion. The following reviews the results announcement…
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