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Talisman Mining Ltd (TLM.TO)

PAST TOP PICK
(A Top Pick Mar 19/09. Up 30.08%.)
BUY
Has largely converted itself in Canada to an unconventional gas story. Tremendous assets in shale gas but suffering from relatively low gas prices, which will probably not improve for a few years. On the plus side, they have exploration properties in South Asia, which are relatively inexpensive resources compared to Brazil or Gulf of Mexico.
SELL
(Market Call Minute) Complicated company. They were hoping for a turnaround, new management. They haven’t proven themselves.
TOP PICK
Growing and is at reasonable valuation. Reinvented themselves in the last year or two. Have international plays, natural gas and light oil. Could be takeout candidate. (Not likely.) Otherwise it will grow and benefit from higher oil prices.
PAST TOP PICK
(A Top Pick Jan 27/09. Up 52.64%.) Company has changed and has become more focused and the upside is great. Still a Buy.
COMMENT
One of the higher quality oil/gas companies. Great way to get exposure to that industry. Right now he is a little bit cautious about oil prices in general. Rumoured that it could be ripe or a takeout.
HOLD
A Buy but not a Screaming Buy. Treat as a value stock. Have lately been focusing on unconventional gas. Still need to put up some good numbers.
BUY
(Market Call Minute.) Likes their strategy of focusing on unconventional gas plays in North America and their whole asset program globally.
HOLD
Among the cheaper valued senior stocks. In the midst of a turnaround with the new management and focusing more on conventional and international projects to bring their costs in line.
BUY
Reorganizing itself. Going after the shale plays giving lower costs and bigger reserves.
PAST TOP PICK
(A Top Pick Jan 27/09. Up 64.23%.) Change in management has been very positive. Shedding non-critical assets and concentrating more on what they are good at. Becoming a more important player in non-conventional shale gas.
BUY
Oil stocks have generally lagged in terms of performance and they will be companies he will be looking to in 2010. If the market starts to get a little finicky and people are looking for an opportunity to get some returns, oil stocks that have lagged me have a better performance.
DON'T BUY
Should change to CPG. Talisman has been historically cheap. Management has changed. He thinks caller should move from TLM to CPG.
PAST TOP PICK
(A Top Pick Nov 10/08. Up 55.7%.) Good internationally diversified company. Prefers others.
BUY
Great international basket of assets, which he likes. Have a better Canadian strategy recently with their new management. Good valuation.
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