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Jan 12 2024, 07:00 GMT
Tullow Oil has made huge strides in dealing with its debt. Most recently, this includes the Glencore loan facility and tender offers – leading to a rally in its bond price despite weakness in the oil price. The decline in the financial risk profile has had minimal impact on the share price. This reflects a shift in the investment case.
Jan 12 2024, 07:00 GMT