Tullow Oil focuses on financial di
Some of the smartest hedge funds are betting on more bad news for Tullow, despite founder Aidan Heavey's insistence on 'plump' years ahead
Hard-pressed explorer Tullow Oil said it expects to make a gross profit of $300 million (€267 million) for the first half of the year, up from $200 million a year earlier, largely due to higher output and an insurance payment, while it also expects to further reduce its debt burden.
In a trading update ahead of the release of first-half results on July 26, the oil and gas explorer said it was making ...