Tullow Oil Needs Elevated Oil Prices From War to Tackle Debt Burden -- Market Talk
Dow Jones
Yesterday
1630 GMT - Tullow Oil's long-term future could be secured thanks to higher oil prices arising from the U.S.-Iran war, Panmure Liberum's Ashley Kelty says. The company said it had successfully reached a comprehensive refinancing of its debts. A debt burden in excess of $1.5 billion means the company's survival is still in doubt, the analyst writes. However high oil prices would generate enough cash to help the company pay down its debts. Tullow is "in need of a good war," the analyst writes. Tullow's latest refinancing will protect the company until another potential liquidity squeeze in 2028, Kelty says. Tullow Oil shares closed over 11% higher Tuesday. (Julia.Nasser@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 12:31 ET (16:31 GMT)
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