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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Marantz who wrote (451)9/16/1999 5:23:00 PM
From: Tomas  Read Replies (1) of 1713
 
Talisman. Scott Inglis, managing director at FirstEnergy Capital Corp. in Calgary:

"The international companies in Canada are particularly good value. They tend to be more oil levered and oil prices have moved a long way in a short period of time. We don't think that move has been fully discounted in the stocks. Talisman [T.TLM] would be our top pick in the internationals. They are bringing on their Sudan production that is going to add, on a quarterly basis, 40-45 cents a share in cash flow by Q4 and just when oil prices have strengthened. They bought Rigel recently to increase their exposure in Canada for gas and in the North Sea for oil. So they did a timely acquisition there. And we think those two events will be a good catalyst for moving the stock higher and we can see the stock at $65-$70 over the next 12 months, trading at $43 right now."

From StockHouse Interviews, September 15
Full interview: "There is still lots of upside left in Canadian oil and gas stocks, with record-high revenues expected in the fourth quarter"
stockhouse.ca

Stockhouse Talisman Page:
stockhouse.ca
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