Tullow Oil

Merger announcement

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 54.6p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

DAVY VIEW

Tullow Oil is merging with Capricorn Energy in an all-share deal to create a leading oil and gas company in Africa. There is significant logic to the deal. The investment case for both companies is materially improved by the combination. The new entity will have a strong balance sheet and significant growth opportunities.

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Jun 1 2022, 14:35 IST/BST

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