Tullow Oil Shares Plunge After Kosmos Energy Drops Takeover Bid -- Update-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Tullow Oil Shares Plunge After Kosmos Energy Drops Takeover Bid -- Update

Dow Jones2024-12-17

By Christian Moess Laursen

Shares in Tullow Oil dropped after its larger U.S. rival Kosmos Energy said it won't make an offer for the company.

Dallas-based Kosmos said on Tuesday that it doesn't intend to make a firm offer for its London-listed oil-and-gas peer at this time.

Shares in Tullow fell 11% to 20.84 pence in midday trading in London, widening the year-to-date loss to 47%.

The company said Tuesday that preliminary takeover discussions, which were confirmed last week following media speculation, were at a very early stage and that due diligence for a potential deal had not been carried out.

Tullow's board said it remains confident in the company's prospects as a standalone business. It is well positioned to optimize its capital structure and continues to progress on plans to address its debt, it said.

Tullow expects to report net debt of around $1.4 billion at year-end.

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

December 17, 2024 07:20 ET (12:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

抱歉，当前请求异常(-1)

7x24

21:27
Moscow and Washington Started Talks on Rare Earth Metals and Projects in Russia, Ria Cites Russia Sovereign Wealth Fund Chief Dmitriev
21:26
Change Financial - Geoff SAM to Assume Role of Chairman on 30 April
21:23
Yojee Ltd - Signs Tcms Sales Contract With RÖHlig Logistics
21:21
Evolution Energy Minerals - Entered Binding Term Sheet With Oscillate Plc to Farm Out up to 100% of Co's Interest in Chikundo Prospect
21:21
Evolution Energy Minerals- Oscillate to Fund a Minimum of a$4.5 Mln in Exploration Expenditure

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2492595673?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-12-17 20:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492595673","market":"other","top_or_hot":-1,"title":"Tullow Oil Shares Plunge After Kosmos Energy Drops Takeover Bid -- Update","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Christian Moess Laursen \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares in Tullow Oil dropped after its larger U.S. rival <a href=\"https://laohu8.com/S/KOS\">Kosmos Energy</a> said it won't make an offer for the company. \n</p>\n<p>\n  Dallas-based Kosmos said on Tuesday that it doesn't intend to make a firm offer for its London-listed oil-and-gas peer at this time. \n</p>\n<p>\n  Shares in Tullow fell 11% to 20.84 pence in midday trading in London, widening the year-to-date loss to 47%. \n</p>\n<p>\n  The company said Tuesday that preliminary takeover discussions, which were confirmed last week following media speculation, were at a very early stage and that due diligence for a potential deal had not been carried out. \n</p>\n<p>\n  Tullow's board said it remains confident in the company's prospects as a standalone business. It is well positioned to optimize its capital structure and continues to progress on plans to address its debt, it said. \n</p>\n<p>\n  Tullow expects to report net debt of around $1.4 billion at year-end. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Christian Moess Laursen at christian.moess@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2024 07:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tullow Oil Shares Plunge After Kosmos Energy Drops Takeover Bid -- Update</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTullow Oil Shares Plunge After Kosmos Energy Drops Takeover Bid -- Update\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-17 20:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Christian Moess Laursen \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares in Tullow Oil dropped after its larger U.S. rival <a href=\"https://laohu8.com/S/KOS\">Kosmos Energy</a> said it won't make an offer for the company. \n</p>\n<p>\n  Dallas-based Kosmos said on Tuesday that it doesn't intend to make a firm offer for its London-listed oil-and-gas peer at this time. \n</p>\n<p>\n  Shares in Tullow fell 11% to 20.84 pence in midday trading in London, widening the year-to-date loss to 47%. \n</p>\n<p>\n  The company said Tuesday that preliminary takeover discussions, which were confirmed last week following media speculation, were at a very early stage and that due diligence for a potential deal had not been carried out. \n</p>\n<p>\n  Tullow's board said it remains confident in the company's prospects as a standalone business. It is well positioned to optimize its capital structure and continues to progress on plans to address its debt, it said. \n</p>\n<p>\n  Tullow expects to report net debt of around $1.4 billion at year-end. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Christian Moess Laursen at christian.moess@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 17, 2024 07:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492595673","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492595673","pubTimestamp":1734438000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares in Tullow Oil dropped after its larger U.S. rival Kosmos Energy said it won't make an offer for the company.Dallas-based Kosmos said on Tuesday that it doesn't intend to make a firm offer for its London-listed oil-and-gas peer at this time.Shares in Tullow fell 11% to 20.84 pence in midday trading in London, widening the year-to-date loss to 47%.The company said Tuesday that preliminary takeover discussions, which were confirmed last week following media speculation, were at a very early stage and that due diligence for a potential deal had not been carried out.Tullow's board said it remains confident in the company's prospects as a standalone business. It is well positioned to optimize its capital structure and continues to progress on plans to address its debt, it said.Tullow expects to report net debt of around $1.4 billion at year-end.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","TUWOY":"Tullow Oil Plc.","KOS":"Kosmos Energy"},"translate_title":"Kosmos Energy放弃收购要约后，塔洛石油公司股价暴跌——更新","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KOS":1,"TUWOY":0.9},"content_text":"By Christian Moess Laursen \n\n\n \n\n\n  Shares in Tullow Oil dropped after its larger U.S. rival Kosmos Energy said it won't make an offer for the company. \n\n\n  Dallas-based Kosmos said on Tuesday that it doesn't intend to make a firm offer for its London-listed oil-and-gas peer at this time. \n\n\n  Shares in Tullow fell 11% to 20.84 pence in midday trading in London, widening the year-to-date loss to 47%. \n\n\n  The company said Tuesday that preliminary takeover discussions, which were confirmed last week following media speculation, were at a very early stage and that due diligence for a potential deal had not been carried out. \n\n\n  Tullow's board said it remains confident in the company's prospects as a standalone business. It is well positioned to optimize its capital structure and continues to progress on plans to address its debt, it said. \n\n\n  Tullow expects to report net debt of around $1.4 billion at year-end. \n\n\n \n\n\n  Write to Christian Moess Laursen at christian.moess@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 17, 2024 07:20 ET (12:20 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}