Why I think the Tullow Oil share price looks cheap after falling 75%Show full articles without "Continue Reading" button for {0} hours. Today's buy and sell prices. It assured investors it has liquidity headroom of more than $1bn and no debt maturities approaching imminently.On Friday analysts at S&P Global Ratings downgraded Tullow’s credit rating to B from B+ after the production guidance cuts.The financial services firm said Tullow’s credit metrics could remain “volatile” in the short term, and did not rule out lowering its rating further.Nicholas Hyett, equity analyst at Hargreaves Lansdown, said:“Tullow’s shares have been hit by the combination of target price downgrades by analysts and, more significantly in our opinion, a cut to its credit rating by S&P.“The recent cut to production guidance has impacted the groups ability to generate cash, and that makes its debt riskier. The fact management has had to issue a disappointing exploration update on the first trading day of 2020 doesn’t bode well for the rest of the year. Tullow Oil Share Chat. James Nickerson Nickerson. However, a lower rating will likely mean Tullow has to pay more to borrow.“The question now is whether Tullow can generate sufficient cash to cover its liabilities in the short term. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$6.67b. 6 month chart. The price at which you can buy a share or investment. Based on management’s cash flow forecasts for 2020, shares in Tullow are currently trading at a price to free cash flow ratio of 7.7, compared to the oil and gas industry average of nine.
Brent crude fell more than 22% to $34.98 a barrel on Monday, while the US West Texas Intermediate (WTI) tumbled 23% to $31.70 – the worst one-day drop in 30 years.

Excluding unprofitable businesses, the industry average free cash flow multiple rises to the double digits. Tullow Oil closed 30% lower on Monday, with the stock capable of falling even further this week as oil prices collapsed. Net pay and reservoir development figures were worse than pre-drill estimates.This new disaster has once again spooked investors. The stock moved sharply lower after Tullow published these disappointing findings. It’s the price you are being offered. Following this clanger, the company’s investors would have been hoping for some good news to ring in 2020. As such, now could be a good time for value-seeking investors to buy a slice of the business at a discount price.Savvy investors like you won’t want to miss out on this timely opportunity…Here’s your chance to discover exactly what has got our Motley Fool UK analyst all fired up about this ‘pure-play’ online business.Not only does this company enjoy a dominant market-leading position…But its capital-light, highly scalable business model has been helping it deliver consistently high sales, We think now could be the perfect time for you to start building your own stake in this exceptional business—especially given the two potentially lucrative expansion opportunities on the horizon that our analyst has highlighted.Feds seize millions of dollars in cryptocurrency raised by major terrorist groups, DOJ saysTHEN AND NOW: How Chick-fil-A has changed through the years In my opinion, this cash inflow gives the company plenty of headroom to fix its problems. While Tullow may no longer be the high-flying oil business it was a few years ago, from a valuation perspective, the stock now looks a lot more attractive.
Nevertheless, while it may look like Tullow is struggling at first glance, I continue to believe the stock offers value at current levels.Disappointing exploration and production results are all part-and-parcel all of the oil and gas industry.

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