Globe says let Talisman work magic on your portfolio
2008-11-06 07:13 ET - In the NewsThe Globe and Mail reports in its Thursday, Nov. 6, edition that Talisman Energy shed 46 cents Wednesday on the Toronto Stock Exchange to close at $12.18. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year range of $9.27 to $25.40.
UBS Securities Canada analyst Andrew Potter says Talisman Energy could increase the number of drill rigs in operation on its Montney natural gas play in British Columbia and Alberta from two to 12 by mid-2009. It is also expected to reduce exploration for conventional natural gas.Mr. Potter maintains the stock at "buy" with a price target of $19. Portfolio Management managing director Norman Levine recommended buying Talisman in The Globe's BNN Market Call column on Sept. 9 when it was trading at $16.85.
He said Talisman was trading at a discount. Sprung and Co. Investment Counsel president Michael Spring was keen on Talisman in the BNN column on June 27 when it was trading at $22.13. Blackmont Capital analyst Menno Hulshof targeted Talisman at $28 in The Globe on June 12. It was then trading at $24.54. Citigroup analyst Gil Yang rated Talisman "buy" in The Globe on March 27. It was then trading at $17.64.
2008-11-06 07:13 ET - In the NewsThe Globe and Mail reports in its Thursday, Nov. 6, edition that Talisman Energy shed 46 cents Wednesday on the Toronto Stock Exchange to close at $12.18. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year range of $9.27 to $25.40.
UBS Securities Canada analyst Andrew Potter says Talisman Energy could increase the number of drill rigs in operation on its Montney natural gas play in British Columbia and Alberta from two to 12 by mid-2009. It is also expected to reduce exploration for conventional natural gas.Mr. Potter maintains the stock at "buy" with a price target of $19. Portfolio Management managing director Norman Levine recommended buying Talisman in The Globe's BNN Market Call column on Sept. 9 when it was trading at $16.85.
He said Talisman was trading at a discount. Sprung and Co. Investment Counsel president Michael Spring was keen on Talisman in the BNN column on June 27 when it was trading at $22.13. Blackmont Capital analyst Menno Hulshof targeted Talisman at $28 in The Globe on June 12. It was then trading at $24.54. Citigroup analyst Gil Yang rated Talisman "buy" in The Globe on March 27. It was then trading at $17.64.
TLM-T Toronto
Bullish Match Percent: 6% (1 of 18)
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