RE: Who would hold a short11 Mar 2020 13:10
Bets against Tullow Oil shares at highest in over a year - data
Wed, 11th Mar 2020 12:41Thomson Reuters
* Tullow already hit by bad news before oil price slump
* Bets against Premier Oil shares also rising
By Maiya Keidan and Shadia Nasralla
LONDON, March 11 (Reuters) - Short positions on Tullow Oil
shares hit a more than 15-month high on Monday, data from
industry tracker FIS' Astec Analytics showed, in a sign of
investors growing pessimism over the company's prospects ahead
of its 2019 results on Thursday.
Shares in Tullow have nosedived around 92% in the
past six months on the back of weak output in Ghana, delays in
East Africa, lower-than-hoped-for oil quality in Guyana and a
dry well in Peru.