“Should You Participate In Tullow Oil’s Cash Call? A Review” – Seeking Alpha, Mach 24

Full article on Seeking Alpha where Africa Oil is mentioned can be found HERE.

Summary

  • Tullow Oil is an Africa-focused oil company which is finally able to benefit from several years of huge investments.
  • To tackle its $5B net debt, an underwritten rights issue should raise $750M.
  • Tullow is right at the sweet spot as it’s moving from investing in development, to start (low-cost) production from these developments.

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