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Talisman Mining Ltd (TLM.TO)

WAIT
It reminds him of CNQ a little while ago. Got a sell signal right now. Potentially a price as low as $14.
DON'T BUY
Still very bearish on gas stocks and will remain this way until he sees some sign of life in the price of natural gas. It will be really tough to keep earnings anywhere near where they were. (Gas liquids are okay.)
BUY
Likes it here. There is decent growth. Pretty well positioned in some of the shallow gas as well. Great story.
HOLD
In transition as it tries to refocus both its Canadian and international operations. Good company but it may not perform until the market is confident that its strategy is going to be successful.
BUY
Has been hit quite hard in the last little while. Have restructured and he likes what they have done. Given time they should do well. Quite cheap.
TOP PICK
(A Top Pick June 30/10. Up at me 16.42%.) International diversification. As short-term possibilities in the Marcellus and Montne. Could see getting back into the mid-$20s.
SELL
Has been thrashed. 60% of revenue is geared toward oil. Is taking some money off the table today. Well run company. Concerns about execution should be gone.
DON'T BUY
One of his favourites some years ago but they are gassy and he turned negative on natural gas some time ago. Still likes the company and they have some great gas properties but until the price of gas gets to at least over $5.50 he is on the oily side.
PAST TOP PICK
(A Top Pick April 12/10. Up 23.4%.) Looking for further news on their South American initiative.
BUY
Big overhang in the company is their big exposure to Natural Gas (50% of assets) they are using creative solutions to make use of their nat gas assets. He sees this as an interesting and cheap way to participate in rising oil prices. He is concerned about LNG accidents with other nat gas companies.
DON'T BUY
Has always been a fan and still think they are a great company but sold his holdings. They are a gas producing company and prices on gas are very low. Have been selling forwards but the forward price has been easing down.
DON'T BUY
Recently sold his holdings on the run up. Getting focused but at the same time is getting gassier.
HOLD
Believes in the new business model that the new CEO has brought in. Better focus and growth and improving the reserve life of the assets. Short term target is $24 but thinks there will be more running room. Just made a timely acquisition from BP, which he thinks is going to be a sleeper.
SELL
Sell and Buy Daylight (DAY-T)? Thinks this one is approaching being fully valued and he is Shorting to pair off against his longs. Daylight is pretty solid and pays a better dividend of 5.9% and has a good suite of assets.
SELL
Played this sector differently by playing the former trusts. When you get an opportunity to take a profit, take one.
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