Tullow Oil merger ‘may not’ getting backing of suitor’s shareholders

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Tullow Oil merger ‘may not’ getting backing of suitor’s shareholders
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Tullow Oil merger ‘may not’ getting backing of suitor’s shareholders via IrishTimesBiz

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Tue Jun 7 2022 - 15:45

Still, Tullow is set to be the main driver of oil production, earnings and organic free cash flow for the foreseeable future, according to the BoA analysts. This is mainly down to Tullow’s flagship Jubilee and TEN oilfields off the coast of Ghana. Still, analysts from a number of other investment houses, including Germany’s Berenberg, Davy and New York-based Jefferies, have come out in favour of the deal.

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