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Talisman Mining Ltd (TLM.TO)

BUY
One of his favourites. Has a good asset base. Being sued in the US on their previous Sudan holdings, but doesn't give much credibility to that. Loves that they've been able to come into north eastern US and find some significant gas discoveries.
BUY
Has a pending lawsuit re their previous Sudan holdings, but forgetting lawsuits, the underlying company is very attractive. Targets on the street is that there is a 10/15% appreciation within a year.
BUY
On a valuation basis it's cheaper than most oil stocks. Not a bad name to be in right now.
PAST TOP PICK
(A Top Pick Mar 31/05. Up 3%.) Likes their international diversification. Good balance between oil and gas. Undervalued compared to other senior oil companies. Prospects are good. Has been some takeover speculation.
BUY
Has had a quite a run in the last week partially based on speculation of a takeover. Likes the company.
TOP PICK
Depending on oil prices, could see cash flow of $11/12 which means the company should be trading at $44/48. Has very interesting geography. Big in the North Sea, increasing in southeast Asia and making gas in northern New York state. Well run. Trades at a lower multiple than its peer group.
TOP PICK
Now in a Buy range. A little more international oriented than other Canadian companies.
STRONG BUY
Sold 1/3 of his position when it hit the lower $40's because they had made so much money. Has come off enough that he would start looking at adding more to the portfolio. Among the major Canadian oils it probably has the best management. Also has a lower valuation because of the stigma left over from their past holdings in the Sudan.
TOP PICK
Has a wide spread of assets globally. Lots of future production. Doesn't see any difficulty in expanding. Have a share re-purchase program under way. Good price.
TOP PICK
Got rid of their Sudan holdings which were a big drag. One of the better managed exploration and production companies. Well diversified globally.
BUY
The overall context is rising oil/gas prices over the next 3/5 years. This and CNQ (CNQ-T) are the 2 cheapest at 3.4 X this year's earnings assuming $53 oil this year and $55 next.
BUY
Owns this and Petro Canada (PCA-T). You can buy these stocks absolutely dirt cheap. Diverisified asset base, so you don't have to worry about governments stealing property from them. This company is discounting oil at $32.
TOP PICK
A terrific company with terrific management and great assets. The company believes their cash flow will be between $10 and $14 per share this year depending on oil prices. This would be around 3/4 X cash flow. Very attractive.
TOP PICK
(A Top Pick Sept 3/04. Up $1.) Likes it under $40. One of the better managements. Trinidad properties are starting to produce. Smart operators.
BUY
A truly diversified international energy company.
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