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Talisman Mining Ltd (TLM.TO)

TOP PICK
Pure play on exploration/development. Very international. Expecting some good upside in both oil and natural gas. Has streamlined itself into the core business and expects it to knock out and buy more property/companies. At the same time, it is possibly vulnerable to be taken out.
COMMENT
Took off on a good oil market last week, and on top of that, there is talk that Jim Buckee is heading for the doors, which could result in a takeover. (He doesn't believe this.) Company owns oddball assets, so has a discount to its peers. Good long-term.
PAST TOP PICK
(A Top Pick Nov 21/06. Up 16.6%.) A very well run company. Very creative in exploiting their resources. Have a major gas find in Indonesia, which is not being properly valued in the market. Still buying.
BUY
Has lagged in relation to its peers. Production profile between 2007 and 2008 is the best profile of all. Growing production in the North Sea, Malaysia and Canada. Poised for a really nice recovery.
TOP PICK
(A Top Pick Nov 10/06. Up 12.9%.) Sum of the parts is worth more than the whole. Selling non-core assets and overvalued oil sands assets. 3rd largest energy producer. Multiple of about 4.3 X 07 cash flow. Growing its production. Good international projects. Buying back shares.
COMMENT
In a trading range of $18-$20. Higher oil prices will move it out. The stock is on the cheaper and by multiple and valuation. Prefers CNQ (CNQ-T), which has a little more growth coming through its Horizon heavy oil project. This one needs a catalyst.
PAST TOP PICK
(A Top Pick Aug 25/06. Up 2.5%.) Aggressively buying back stock. Basically in liquidation mode. Sold his holdings and redeployed into other more attractive names.
BUY
Streamlining some of its assets and selling off some of its weaker production. Focusing on its growth area.
BUY
Large caps tend to follow the price of oil. Typically, the oil price does best in the summer season with a driving season in the US. Feels you have to trade large caps.
BUY
Good geographic profile. Likes its product mix and its valuation. Thinks it's poised to break out.
BUY
Likes this company and has been buying a bit at this price. Weak relative to all its peers. They are focusing on being a player in Southeast Asia, North Sea and North America.
BUY
Has done nothing the last year, the same as all energy stocks. Well managed and well diversified portfolio. It will give about 15% growth in earnings.
BUY
This season for energy is somewhere ahead. Run by brilliant people. A quality stock to hold.
TOP PICK
Likes this company under $20. Good management. Diversified globally. Have a lot of potential.
COMMENT
Has lagged. Company has had good results and has done a good job in refocusing. Trades at a discount to its peers. Have some of the lower finding costs in the group. Considering this one.
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