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Talisman Mining Ltd (TLM.TO)

HOLD
This stock seems to bottom out at around $11.50. If you own, your downside risk is pretty limited, so not a bad place to buy. Have their fair share of oil, but more than their fair share of natural gas.
TOP PICK
This one has fallen out of favour but it is still cheap. Great potential upside, particularly through its international properties. Colombia could be a nice catalyst for it if they have nice production this year. Natural gas is a negative but they have oil so it is a nice balance.
BUY
Still sees this heading up in the long term. Has underperformed recently, which he thinks has to do with the issues of shale gas, but may be on the growth strategy. Broad international exposure, diversity of projects, oil focused. Also have some great shale gas formations, particularly in the US.
DON'T BUY
Fairly gassy. The market still doesn't know what they are and what to make of them.
DON'T BUY
(Market Call Minute.) Continues to be very disappointing.
COMMENT
(Market Call Minute.) Their move to gas is not going to move in their favour. A lot of people are out of patience with this company.
DON'T BUY
Dividend is safe. Strongest balance sheet amongst the seniors. Had their headaches in going through transition of new management. Wants to see tangible evidence that transition is complete. No issue with the dividend. Prefers CNQ.
DON'T BUY
Likes it but with the price of gas where it is, it is hard to make money. These kinds of companies are going to go sideways.
BUY
In Oct, Dec and Jan, it bottom ed of the $11.50 number. He is going to stick his nose out here. The gas part is hurting them the most here. This may be a good entry point. It may stall for a while. Most of the risk is taken out of the stock.
BUY
This stock is being priced as though it is 100% natural gas. The market is missing the story. They do have a big chunk of natural gas but a lot of it is overseas. 50% of their commodity is oil. If oil stays in the $85-$90 a barrel, they will probably have $3.50 cash flow this year. If the stock gets any lower, he expects a takeover.
DON'T BUY
DON'T BUY
It is still a disappointing chart. It has not shown that it wants to reverse. This company has a lot of moving parts and he feels this is what bothers the market. There are probably other better energy stocks to be in.
BUY
Thinks that it is cheap, but it keeps getting cheaper. Have good assets and a lot of fracing assets in the US, which politically are not well placed as people are concerned with this. His view is that their reserves are worth $16-$18 a share. Severely undervalued.
TOP PICK
Mispriced. Has been a disappointment for a long time. Has a lot of natural gas, which people do not like. Global majors are buying up these companies as they look at the long-term potential for natural gas. Recently, Encana (ECA-T) had an accident in fracing in Wyoming and this has hurt all the major companies in fracing.
HOLD
Can't figure out why it is down so much. Trading at too low a valuation to dump. 4X cash flow. Great suite of assets and they are growing
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