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

Barry J Whyte

Chief Feature Writer @whytebarry
28th June, 2017
Tullow Oil's Aidan Heavey

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 "good progress despite tough...

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