Tullow Oil (TLW LN): Oil-Levered Cash Flow Drives an Improving Balance Sheet

Global Cross-Asset Energy Analyst, VAC Investments

Aaditya Chintalapati, CFA

Global Cross-Asset Energy Analyst

Thematic (Sector/Industry)

Colombia Energy / Thematic (Sector/Industry)

<h2>Oil Price</h2><p>Crude oil prices started 2018 on an extremely bullish note, quickly hitting the highest prices seen over the last 3 years last week. This was largely driven by continued geopolitical turmoil in the Middle East, strong economic indicators and tightening time-spreads on the curve. WTI closed the week at USD 61.57/bbl, a c.2.5% increase over the week whilst Brent closed at USD 67.61/bbl, up c.1.5%.</p><p><em>Strong crude prices also translated into a robust start to the year for energy stocks as</em>…</p>

Oil PriceCrude oil prices started 2018 on an extremely bullish note, quickly hitting the highest prices seen over the last 3 years last week. This was largely driven by continued geopolitical turmoil in the Middle East, strong economic indicators and tightening time-spreads on the curve. WTI closed the week at USD 61.57/bbl, a c.2.5% increase over the week whilst Brent closed at USD 67.61/bbl, up c.1.5%.Strong crude prices also translated into a robust start to the year for energy stocks as…

Global E&Ps: Energy Weekly Vol. 7