Talisman Mining Ltd (TLM.TO)

A gassy stock. Going through a reorganization. They really have to sell assets. Have a problem in the North Sea, simply because that area is slowing down in production. Also, have remediation in the North Sea that is going to cost them a fair amount of money. Because gas has performed so well in North America, and storage is relatively low, he has become neutral and is watching the stock again.

Struggled. Had to concentrate on core areas and that hurt them. Hang on to it but it is not a favorite for growth going forward. The debt is a little higher than it needs to be. Prefers Crew, which he owns.

Worth a quick trade? That’s a tough one. Carl Eichorn is involved and he doesn’t do things for no reason. He’s in there to stir things up. It is difficult for them to split up some of their stuff and they already tried for a couple of years but hadn’t been very successful. To him the Asset Value is only about $13. He wouldn’t try because he doesn’t like the assets that much.

Gave up on this a number of years ago. This has the awkward situation of always being worth more if you broke it up than it was together. If you own, he would try something else.

Anytime you get an active investor coming in, you saw what happened with CP but in this one he did it in one year. It seems to him this one is too hard to turn things around.

A gassy company and, at the present time gas margins are still not great and are not likely to get great. Have a lot of restructuring to do to pare down costs and really bring the company back into more of a growth mode. Also the US is coming on with relatively cheap production in various areas.

Has a good chance of breaking out. It has made a major base since 2012. It just had a breakout and probably about to break out of a much larger trading range. It could participate in the general movement of the energy stocks.

Relative strength (RSI) is a bit concerning. Chart shows lower lows and lower highs. Not showing the strength you want to see coming into the period of seasonal strength. Bouncing off its 200 day moving average, which could provide a bit of support.

(A Top Pick Dec 21/12. Down 22.63%.) Still likes this. This is a case where the parts are worth more than the whole. Management has been divesting a lot of assets. Prices they have been getting have been pretty good. New Management is very focused on capital allocation and going to projects with more immediate returns.

(Market Call Minute) Trying to be actively restructured and it looks like it will be really, really difficult to turn around.

A chronic underperformed for a number of years. We have a nice multiyear base pattern developing. Thinks we could get a turnaround story here. The energy space is still pretty dead money for the next couple of years, though. The sector won’t do much and oil prices will stay pretty much anchored for the next year. Take advantage of pull backs in stocks to start accumulating this.

This is a company that is eternally trying to reconstruct itself, sell off the assets that it doesn’t want, and now it’s got one of those American vampires (Carl Icahn) chasing it. Likes the management. It is either a killer stock or a dead stock. Quite disappointing.

This was a badly mismanaged company that kept shuffling assets and making mistakes. Made it very difficult for shareholders to make money. Now there is finally a takeover bid and the stock has failed to react.

Oil and Gas trying to sell off assets. To do this you have to have a good asset base to start with. There are other energy companies with a better asset base. Not much more upside.

This stock has been under loved for ages. Chart shows a long base of about 2 years. He thinks it is breaking out and the volume is increasing. If it can break out above the busy area of about $13.60 on volume, we are in. There is also a big name activist in this one.