MARKET OVERDOES TULLOW SHARE COLLAPSE

Dorothy Thompson

THE SURPRISE stepping down on December 9 of Tullow Oil’s relatively recently appointed (April 2017) CEO, Paul McDade, and the equally sudden resignation of Angus McCoss, Tullow’s exploration director, shocked the market, driving the company’s shares down a whopping 70%. Not surprisingly, however, the market has overdone its reaction, with Tullow’s current 70c share price… Read more »