Sunday September 20, 2020

Johnson backer Odey raises his bet against Tullow Oil

The hedge fund boss has increased his short trade position to 1.37 per cent – or £6.3 million – of the company’s shares

Barry J Whyte

Chief Feature Writer

@whytebarry
1st March, 2020
British prime minister Boris Johnson has had huge backing from Odey

Hedge fund boss Crispin Odey, a major backer of British prime minister Boris Johnson, has continued to raise his bet against Irish exploration company Tullow Oil.

Odey’s fund management company Odey Asset Management increased his total short trade position to 1.37 per cent of the company’s shares, worth around £6.3 million at the company’s share price of 33 pence.

A short trade is a risky bet in which a trader borrows...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The company, led by Dragons' Den investor Ramona Nicholas and her husband, is being sued for alleged over-claiming of fees

Rosanna Cooney | 2 hours ago

The troubled food company has a new chairman and directors, but its woes are far from over

Ian Guider | 2 hours ago

The bank, led by Jane Howard, employs about 2,500 people in Ireland

Ian Guider | 2 hours ago