Q3 - OE_Strengths
What do you see as Tullow’s particular strengths as an investment?
"They have genuinely world-class, attractive assets which are – would be realizable, i.e. they could sell them if they needed to. Secondly, they have a very good track record of exploration and therefore there is the prospect that they will have success in the future again. They have a good support from the banking syndicates, which means that they have not been through quite as much pain as some of their peers who have struggled in the industry downturn in the last couple of years. That's not to say it has been easy, but they are not as badly placed as others."
Q4 - OE_Weaknesses
What do you see as Tullow’s particular weaknesses as an investment?
"Too much …show more content…
Please use a six-point scale where 6=extremely important and 1=not too important.
"2 [6-pt scale]. I don't know what that means. I presume it means the non-operated assets in West Africa."
Q9o
How important is the initiative "Kenya development" for Tullow to prioritize? Please use a six-point scale where 6=extremely important and 1=not too …show more content…
That's difficult to put a number on because there's a little bit of if yes, maybe no – it's not at all important if they were to sell it. I don't want to – I wouldn't want to then say it's not important. If they're not going to sell it then let's say 4."
Q10
What is critical for Tullow to achieve over the next 12 months for you to consider 2017 a success?
"They have some operational issues in Ghana, which are well known, that they need to fix – execute and fix. They need to generate free cash flow and pay down debt. They need to move forward with plans to sell down their assets in Kenya."
Q12 - OE_MostImportantThingsNeedToKnowMoreAbout
What are the two or three most important things you need to know more about in order for you to have greater confidence in Tullow as an investment?
"It remains the fact that by far the most important thing for driving the share price is going to be the oil price, so it's out of their control. That's what happens when you end up being as financially leveraged as they are. The things I need to know for now mostly would come down to their ability to generate free cash flow and de-lever and the timeline around being able to bring partners into Kenya to either bring in cash or reduce commitments. There are a couple of other things that are out of their control, which would be explorations in South America. I'm not sure it's very useful to say I would need to know whether that's going to work or not. It kind of is obvious. The other
What do you see as Tullow’s particular strengths as an investment?
"They have genuinely world-class, attractive assets which are – would be realizable, i.e. they could sell them if they needed to. Secondly, they have a very good track record of exploration and therefore there is the prospect that they will have success in the future again. They have a good support from the banking syndicates, which means that they have not been through quite as much pain as some of their peers who have struggled in the industry downturn in the last couple of years. That's not to say it has been easy, but they are not as badly placed as others."
Q4 - OE_Weaknesses
What do you see as Tullow’s particular weaknesses as an investment?
"Too much …show more content…
Please use a six-point scale where 6=extremely important and 1=not too important.
"2 [6-pt scale]. I don't know what that means. I presume it means the non-operated assets in West Africa."
Q9o
How important is the initiative "Kenya development" for Tullow to prioritize? Please use a six-point scale where 6=extremely important and 1=not too …show more content…
That's difficult to put a number on because there's a little bit of if yes, maybe no – it's not at all important if they were to sell it. I don't want to – I wouldn't want to then say it's not important. If they're not going to sell it then let's say 4."
Q10
What is critical for Tullow to achieve over the next 12 months for you to consider 2017 a success?
"They have some operational issues in Ghana, which are well known, that they need to fix – execute and fix. They need to generate free cash flow and pay down debt. They need to move forward with plans to sell down their assets in Kenya."
Q12 - OE_MostImportantThingsNeedToKnowMoreAbout
What are the two or three most important things you need to know more about in order for you to have greater confidence in Tullow as an investment?
"It remains the fact that by far the most important thing for driving the share price is going to be the oil price, so it's out of their control. That's what happens when you end up being as financially leveraged as they are. The things I need to know for now mostly would come down to their ability to generate free cash flow and de-lever and the timeline around being able to bring partners into Kenya to either bring in cash or reduce commitments. There are a couple of other things that are out of their control, which would be explorations in South America. I'm not sure it's very useful to say I would need to know whether that's going to work or not. It kind of is obvious. The other