Galp avoided an information leak, shares plunged, but the market is calm
The oil company fell on the stock market after a deal in Namibia under which it receives nothing immediately. Shares have not recovered since the announcement made during trading. The regulator and small investors see no problem.
João Queirós, of Banco Carregosa: "It doesn't appear that Galp's management has made a mistake that would warrant them being dismissed"
💶 Finance#oil-sector+3 more
The market reacted badly to Galp's deal with Total in Namibia. Carregosa's head of trading explains what's happening with the oil company's shares and looks ahead to what 2026 will bring.
