Tullow's Share Rise Hasn't Kept Pace with its Bigger Rivals but that Could Change
By Malcolm Stacey | Monday 21 November 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Collectors. Like all oil producing combos, Tullow Oil (TLW) will do well out of the lofty price of oil. Even if it has just reduced its production aim of 60,000-64,000 barrels of oil a day to 60,000-62,000 barrels. It’s not much of a reduction and, given the sturdy current values for the black stuff, I don’t think the share price has risen as far as it should do, when compared to its larger rivals Shell (SHEL) and BP (BP.).
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