Sunday July 12, 2020

Tullow Oil boss: Industry can ‘adjust’ to handle slump

Brokers have slashed their share price targets on the company

Ian Guider

Markets Editor

14th February, 2016
Aidan Heavey, chief executive of Tullow Oil, says it aims to produce 100,000 barrels a day from next year Tony O’Shea

The head of Tullow Oil has hit out at a number of industry analysts who are claiming the company will have to sell itself or raise cash to cope with the slump in crude prices.

“My views on some of the analysts over the years are pretty well known. They [analysts] do not know what is going in companies. They do not know what opportunities they have,” Tullow chief executive Aidan Heavey told The Sunday...

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