Talisman Mining Ltd (TLM.TO)

Has been very strong for a number of months and we are in the top end of the range that it has been trading in so you should think about taking some money off the table. However, the geopolitical risks are a wild card and if it heats up then the energy stocks could break out here.

Have unique assets all around the world. Investors did not pay for the global diversification. Resurgence in a global type company that also has unique assets in North America. With gas rebounding this one has rebounded and he has continued to hold it. It will be interesting as gas recovers. Activist interest by Ont Teachers Fund may indicate a bottom.

Not a pure crude oil play. Fairly weighted towards natural gas, which is what drags it down. Cheap on a multiple basis. Talk on the street is that this could be a takeover target. Most people think the stock is worth $18-$19. You are probably better off with something that has demonstrated a little bit better operational efficiency over the last 3-4 years such as Canadian Natural Resources (CNQ-T). He is looking to buy this in the next couple of days.

Former management used to overpromise and under deliver. New management has some assets which have been a perennial problem and they are selling 49% of that to a Chinese company. Will concentrate on their core assets. Really cheap. Has a lot of natural gas exposure and he likes the longer-term outlook for natural gas.

The feeling is that they could be next to be taken over. They have sold part of their assets and indicated there was another shoe to drop. She imagines they will wait to see how the next takeover goes. Wait for a correction in the stock before buying it.

Likes it. Good chance that someone takes them over. Over 4000 barrels per day split between gas and oil. He is looking for a better entry point.

(Market Call Minute) Would like to see a pull back to $10.63.