The CEO states Tullow sp is much too low and I bought in on the comments---todays results are excellent and I feel this one is being overlooked on here. check it out bargain hunters-I'd welcome some expert feedback!

Yeah, a takeover rumour practically comes up on a monthly basis with this one.

seconded :-)
anyway, never buy just because you think something is a t/o target .... regard that as a bonus if it comes to pass

Thanks all if you read back this has been a good trading stock . Rumours can also be good for a jump in the SP .
Check TLW,PMO,GENL ,buy them when they dump at the mo and there is a few per cent on the rise .

Article in the Times Business today , Tullow is to unveil huge losses and axe hundreds of staff .

Could be a short tomorrow Chris !!

A freefall in sp tomorrow..?

Back towards the 360/70 range .

And from the Telegraph :-



Tullow to post record loss and soaring debts

The Africa-focused company has already told investors to brace for about $2.7bn (£1.8bn) in write-offs, of which $1.8bn are a result of the oil market turmoil






By Ben Martin

8:04PM GMT 07 Feb 2015

Follow

CommentsComments





Tullow oil is poised to lay bare the damage wrought by the collapse in crude prices this week when the company posts record losses on the back of £1.8bn in writedowns and impairments.


The FTSE 100 oil explorer is expected to swing to a $1.9bn loss on Wednesday when it posts full-year results, from $313.2m in pre-tax profits in 2013, raising the possibility of a dividend cut and job losses as it seeks to quickly bolster its weakened balanced sheet.


The Africa-focused company has already told investors to brace for about $2.7bn (£1.8bn) in write-offs, of which $1.8bn are a result of the oil market turmoil. Investors and analysts are becoming increasingly concerned about the company’s ability to stay within its debt covenants in the coming year.


Tullow disclosed last month that it ended 2014 with net debt of $3.1bn, and RBC Capital Markets expects the explorer’s borrowings to grow to $4.2bn by the end of 2015. Should oil prices remain weak, the company is expected to breach its banking covenants.


Brent crude has slumped from its peak of $115 a barrel in June to trade as low as $45.19 in January. Tullow has seen its share price more than halve since crude touched its high last year, and the stock closed at 410.1p on Friday evening, valuing the oil explorer at £3.7bn.




Worries about its debt load have weighed on the shares, and pressure to shore up its finances have put the company’s final dividend under threat, according to analysts.

Tullow is also expected to use its results to detail cost-saving measures, which are likely to include job losses among its 2,000 employees.

Spending has already been slashed, with the budget for exploration this year cut to $200m from $1bn at the start of 2014. The company indicated last month that it was also reviewing its headcount.

“There is an expectation that people will be let go,” said Al Stanton, an analyst at RBC. The fate of the shareholder pay-out is also uncertain.

“If they pay 8p, which is the typical final dividend, then that will be $110m of cash flowing out of the business. To my mind, I don’t think anyone buys Tullow [shares] for the dividend, so if you cut it you’ve saved yourself $110m.

“I’m not sure that’s how management sees it and if they believe that the oil price is going to recover, maybe not in this year but down the road, then they will be tempted to maintain the dividend.”

is freefall defined as being down 0.4p?

Ask mitzy.

I'm going to wait for results Wednesday, most of the above doom and gloom known in Jan and at least some of it may be already priced in.

Think mitzy does skydiving.......... without a shute.,.

.

Chris ,i think your right , however it depends if oil can stay on the up, cause if not i still think this goes back to 360/70 ,it has done that and bounced several times .

Ok jimmy.

very droll Balerboy I like to stand on terra firma thanks .

but with your head in the clouds i take it :-)

lol..

enjoy your meal..

On the run again today i'm surprised ..

Mind you so is PMO / GENL

now up about 15p but not sure why

Me too ,surprised me today lucky i didn't go short i was / am still convinced this will retrace .

Same with PMO / PFC , GNEL not so much .