The crisis management plan is on and exploration hopes are now secondary. The group is revising its production guidance sharply for the next three years and will reassess its capital allocation (including divestments). The departures of both the CEO and the Exploration director hint that the recovery might be a long one for the group.
09 Dec 2019
Unreliable assets revoke strategic plan
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Unreliable assets revoke strategic plan
Tullow Oil plc (TLW:LON) | 35.3 -0.3 (-2.7%) | Mkt Cap: 514.7m
- Published:
09 Dec 2019 -
Author:
Kevin VO -
Pages:
3
The crisis management plan is on and exploration hopes are now secondary. The group is revising its production guidance sharply for the next three years and will reassess its capital allocation (including divestments). The departures of both the CEO and the Exploration director hint that the recovery might be a long one for the group.