What Do You See As Tullow's Specific Weakness As An Finance Case Study
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Q3 - OE_Strengths
What do you see as Tullow’s particular strengths as an investment?
"Exposure to emerging African oil basins that hold the potential for long tern free cash flow and growth. I think that is the biggest strength. Certainly a very experienced and successful exploration team. That is another strength. And also a history of bringing those projects to development and managing the challenges of moving from exploration success to development and cash flow."
Q4 - OE_Weaknesses
What do you see as Tullow’s particular weaknesses as an investment?
"You know, I think mainly it has been the balance sheet and level of spending. I think they were probably over infatuated with exploration and got to a point where they had become so big that they needed to push the needle and spend more on bigger and riskier projects in order to increase their net asset value. That put them in the budget situation they were in. they have obviously done a great job of selling some assets and improving that, and issuing equity has obviously helped as well."
Q6
How familiar are you with the incoming CEO, Paul McDade? Please use a six-point scale where 6 = extremely familiar and 1 = not at all familiar.
"4. I just met with him again. I have known Paul for a few years now and I meet with him at least once a year. They were just in our office two days ago."
Q7
What characteristics (style/approach/communication) would you like to see the new CEO retain from the previous CEO?
"Certainly I would