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Tullow Oil ( (GB:TLW) ) just unveiled an announcement.
Tullow Oil announced the termination of preliminary merger discussions with Kosmos Energy following a media leak about a potential all-share offer. Despite this, Tullow remains confident in its standalone business and is focused on optimizing its capital structure and addressing debt maturities. The company awaits the imminent results of a Branch Profits Remittance tax arbitration, which are expected to impact its financial strategy.
More about Tullow Oil
Tullow Oil is an independent energy company focused on responsible oil and gas development primarily in Africa. The company operates mainly in West Africa with key assets in Ghana, Gabon, and Côte d’Ivoire, and has a significant resource base in Kenya. Tullow aims for Net Zero Scope 1 and 2 emissions by 2030 and pursues a Shared Prosperity strategy for socio-economic benefits in its host nations. It is listed on both the London and Ghana stock exchanges.
YTD Price Performance: -40.13%
Average Trading Volume: 6,270,270
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £339.9M
For a thorough assessment of TLW stock, go to TipRanks’ Stock Analysis page.
