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Davy Research

Tullow Oil

Positive update on bond tender offers

Nov 30 2023, 14:00 GMT
Colin Grant
Company Report
6 page(s)

Sectors : Resource

Companies : Tullow Oil

Ratings and price correct at time of issue.

Tullow Oil

Closing Price: 37.0p
RATING 15/01/20
OUTPERFORM
PREVIOUS RATING 09/12/19

UNDER REVIEW

Colin Grant

Analyst

DAVY VIEW

Tullow has released updates on progress with its bond tender offers. The 2026 tender offer has been completed and was slightly increased. The 2025 tender offer is ongoing. So far, notes that have been validly tendered are low and the pricing has increased, which we view as being very positive.

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Nov 30 2023, 14:00 GMT

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Davy Research

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Tullow Oil

Positive update on bond tender offers

Tullow Oil

RATING 15/01/20

UNDER REVIEW

Colin Grant

DAVY VIEW

Download full report with analyst certification and important disclosures