Debt may not be a problem when times are good for a company, but when times turn tough it can make a difficult operating environment into a make or break situation, as Tullow Oil (LSE: TLW) shareholders have discovered.

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Owain Bennallack owns shares of Tullow Oil. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.