Uncertainty hangs overTullow’s Ugandan deal

Delays in finalising Tullow Oil’s position in Uganda have led to investor uncertainty, creating some overhang in the stock despite oil prices reaching record highs.

2nd April, 2011

Delays in finalising Tullow Oil’s position in Uganda have led to investor uncertainty, creating some overhang in the stock despite oil prices reaching record highs.

An announcement from Tullow last week seemed go a long way towards finalising the details of the sale of a large chunk of its Uganda business to two international partners, but analysts soon noted that there was still plenty of uncertainty surrounding the deal.

Tullow announced the sale...

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