Have invested all tullow profits on Leverkusen to lift the trophy even though they are 1-0 down. Will use the profits to short tullow to the mid 33's tomorrow.
There is still time for this to fall further. The news from yesterday is only being fully digested now. In previous quarters the share price tumbled after similar results. Bottom line is that once again output is below expectations. Read the results and make up your own mind. https://www.tullowoil.com/media/press-releases/2024-agm-trading-update/ DYOR
I would have expected a 10 per cent drop in sp. Lower incremental production from these wells will likely result in Group full-year production towards the lower end of the guided range.