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!

Do you think I'm going to take seriously someone who can't even spell "nervousness"?? although, you might be right.

Hey Ian, glad to see your moneyam's working again. But you're right tlw's chart does look pretty awful, although there's been more buys than sells today if that means anything, and yesterday or the day before I think, there were two buys at the same time of 1.5 million shares each that equates to about a 14 million pound buy if true, which is encouraging.

Thats probably the worst of the falls over..... but if the main driving force for the footsie has been oil and mining then if they dont recover strongly what will be the impetus for a foreward move ? I think it will be months rather than weeks to regain recent levels.

it's coming back a bit now. We will see if it isn't a dead cat bounce.

Markets seem a bit more settled now and Tullow had good news in Uganda so barring a bit of a pullback after this recent rise I think it looks like heading north again. A good buy at 350p (currently 370p).

current level of 397 is also an interesting and potential chart breakout level ..... very good company too

Announcements
A$1.47 Billion Recommended Offer for Hardman Resources from Tullow (25 Sep 2006)

Hardman today announced that it has entered into an agreement with Tullow Oil Plc for the proposed acquisition by Tullow for all of the shares in Hardman.

Sold out of Hardman few weeks go as frustrated with SP but as a holder of Tullow I am well pleased and consider Hardman to be a great purchase.

am half tempted to buy further at these levels, for without question, Tullow is a first class company .... however, it is very debatable whether one should be putting new money into any commodity share just at the moment

while all you guys going fishing for minnows (FEP!), think longer term and the probable consolidation among the oilies.

there is no question that oil reserves are falling and not being replaced with significant new finds.

do you accept that the likes of BP or Shell are stuffed full of cash?
if so, are they more likely to take out a minnow or a decent sized company with very significant and proven reserves, especially if the target's sp has been overly walloped by a weaker crude price or, in the case of TLW, have made a smallish acquisition which may be in a a tricky area, but is at least as likely to come up trumps?

remember that a weak sp could easily make those proven reserves much cheaper to buy than to go into the field to drill an expensive hole that may or may not prove productive.

A good argument, Cynic, but remember that just last August, VOG was the size that FEP now is.

What's tlw's current P.E. ?

seemingly 15.41 ...... soul* .... do not mix up VOG (or FEP) and the likes of TLW .... i will assume what you say about VOG vs FEP is corect, though i am far from convinced .... certainly VOG looks to be sitting on far better prospects and certainly is far better funded

Agreed, Cynic, VOG and FEP are in a different league from TLW at present. TLW certainly a good prospect; I just have an appetite for risk-taking :o)

so stay with VOG!

i like the way sp has bounced smartly off 200 dma and have just topped up

Good morning Cynic - congrats on calling the bounce with TLW. Am continuing to hold my core holding in VOG. I am happy to wait and see with FEP. Am obliged to hold for a month anyway thanks to compliance regs imposed on banking employees.

Seen SOLA this morning? Very gratifying.

don't tell anyone and certainly not the bank, but perhaps i should act as your nominee ..... the bank would then never know if you held for less than a month! (yes; lol!)

SOLA is certainly doing the biz ..... haven't got many, but may accumulate

LOL - not a bad suggestion! If you could combine it with some sort of tax-avoidance scheme then I might just be up for it!

How about we form a company in the Cayman Islands?