AcamasYes I agree.All the markets are down at present because of...

Acamas

Yes I agree.

All the markets are down at present because of the US housing market, subprime loans (debt) and possible US inflation as the FED lowers rates. Banks and other financial institutions will be worst hit but Oil in US dollar terms will most likely go up so Oil producers will be the least affected.

Tullow is being pushed to develop its african wells and produce oil from them in 2009. It has also sold some asets presumably to enable it to do so. Tullow has a lot of irons in the fire at present but it is well managed and I think the shares will continue to go in the right direction albeit in fits and starts.

Complex