Talisman Mining Ltd (TLM.TO)

It has potential in the future, but for now they have sold it.

(A Top Pick April 27/12. Down 6.78%.) This company is in transition. Much more focused on capital allocation and are getting out of some of their developments that were riskier resource plays. On the right track.

He prefers others. This is the cheapest in the space. It is a speculation on a take-over. There could be announcements made in an upcoming meeting. He doesn’t play the M&A game so he isn’t in this one.

Once he saw that the gas market was going to get overwhelmed with the new production out of the gas shale, he backed off this. Things are starting to improve. Price of gas is over $4 and gas in storage has got to more historical levels. Looking at this again and thinking about it but hasn’t stepped back in yet. Might be a bit early.

Not on the top of the list of names that he would want to buy. Has been a perennial value trap. Gone through multiple CEO’s. A complicated asset base, which limits the potential for foreign interests.

Not a stock he would necessarily want to own to get exposure to the “Canadian” energy scene. Have spectacular assets abroad. Just had a change of CEOs. Talking about putting some of their Canadian assets up for sale.

We are going to be range-bound in the energy markets. If we come back to the trend line in the next couple of months it would be an opportunity to buy it. Prefers SU-T

Turnarounds always take longer than people expect. This is levered towards natural gas so if there is a pickup in natural gas prices, this will be a big beneficiary.

One of the least liked energy companies. A laggard in a difficult group. Would prefer others.

(A Top Pick Feb 13/12. Up 2.42%.) Had cut back in his holdings in November because of concerns on the US fiscal cliff debate. Turning out to be a bit of a value trap.

(Market Call Minute) Could be a takeout candidate.

(A Top Pick Feb 21/12. Down 6.49%.) Still likes. Has gone under significant changes in the last year including new management and new direction. Feels there is more of a focus on profitability and shareholders now. Excellent assets, which he feels are worth more than the current market value is.

(A Top Pick Feb 13/12. Down 2.64%.) Sold this along with a lot of his holdings in October because of the fiscal cliff debate. Still a value play but unfortunately becoming a value trap.

Been a disappointment over the last few years. Board made a decisive move by replacing the CEO. Will be much more focused now on generating more cash flow, working on operations and working on projects that have a more immediate payback, rather than the “longer-term but higher potential profitability” ones. Own very desirable properties in Asia and Europe. Feels it is selling at a severe discount to what its assets are worth. Could see it easily flirt with $14-$15 in the next year.

Dangerous looking stock by fundamentals. On a chart basis it looks like a stock that will take a long time to turn around. Markets are waiting for some positive news. If it broke $12.50 then it would be a buy.