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Red Flags at Night: Tullow Director Pledging Shares For a Loan

By Nigel Somerville | Friday 12 February 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Last night at no-one-is-watching o'clock (6.15pm) fully listed Tullow Oil (TLW) released an RNS entitled Director/PDMR shareholdingAt first sight it appears to be a disclosure of option awards. Nothing to get excited about then. But there was also a notification of options being exercised, with some being sold to meet tax liabilities. Still not all that exciting? Read on, and we learn that....

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