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Talisman Mining Ltd (TLM.TO)

BUY ON WEAKNESS
Feels we are in a quiet period before the summer driving season and this stock could have a correction. Would be a buyer below $20.
DON'T BUY
Had a good run lately. New CEO and new game plan. Problem has been that the various pieces of it were worth more as separate entities. Would be better of if they broke it up and gave it more focus.
HOLD
Chinese national oil company may be interested in acquiring. Talisman has been divesting itself of some properties, but it’s part of a longer-term strategy to re-orient themselves in the north sea. Some view it as a high-risk strategy. Because of rumors of takeover, not the time to buy, but to hold.
COMMENT
Stock could be up 50% or so in the next year. The refocusing of the company is going to help improve people's view of the company.
TOP PICK
New strategy will be to go after unconventional gas in North America. Sold off some of their non-core landholdings and he expects to see a lot of this in future. Good balance sheet. Very rich company.
BUY
Likes the new management and the new strategy. Doesn't expect they will sell the company. Lots of upside potential.
DON'T BUY
Never liked this one because of 1) more of an international play rather than at a domestic play and 2) didn't see growth increasing. New management has a new strategy, but this takes time to implement. Could be 3 or 4 years from now.
PARTIAL SELL
If he owned, he would lighten up at this time. There are still question marks on this company. New management has been pretty clear on what they intend to do with the company. There are uncertainties around their plans.
TOP PICK
Hasn’t gone up as much as some of the other large producers. Represents good value. Will be doing some things to try and enhance its value. A lot of diversified areas geographically.
HOLD
Has never understood why this name always falls between the cracks. Maybe it’s because globally people just don’t know the name. Very cheap. Longer term you’re going to do fine. He is very bullish on oil. May be ahead of itself right now. He is waiting for a pullback of maybe 5%-10%.
BUY
(Market Call Minute.) Finally working out and you are starting to get the catalyst coming in here. Outlook looks great.
TOP PICK
Recently broke out after being a bit doggie. There is a new CEO with a new brush. Also has a position in the Utica shale play in terms of land and drilling.
BUY
This one is now in his Top 10. It has had a huge (underline that) boost in earnings estimates. He has a model price of $31.11, a 39% positive differential.
COMMENT
Hasn't done as well as you would expect for an oil company. Started moving up as people get comfortable with the new CEO. Investor Day comes on May 21 and a lot of people are getting excited about what he will announce, where he is going to focus and where growth is going to come from. He has been taking profits in the last few days and will probably buy it back on dips.
HOLD
Has gone through a makeover and are focusing on unconventional energy, specifically shale gas. There is new technology for extricating gas out of shale and they are a major player in this area.
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