Tullow Oil

Trading update and tender offer

  • Sectors : Resource
  • Companies : Tullow Oil

Ratings and price correct at time of issue.

  • Tullow Oil

    Closing Price: 33.5p

  • RATING 15/01/20

  • PREVIOUS RATING 09/12/19

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

In its trading update, Tullow has increased its free cashflow guidance for 2023 to $150m, partly reflecting deferrals in capex. 2023 production will be marginally below guidance due to schedule delays. Free cashflow guidance to 2025 remains $800m. The company has also announced two tender offers on its bonds.

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Nov 15 2023, 08:00 GMT

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