Energy getting ready to light your fire
by Yola Edwards
TORONTO (GlobeinvestorGOLD) — The energy sector appears to be on the verge of a significant rally and investors can pick an individual stock or choose a basket of stocks through ETFs.
And this is from David Pescod's Daily Report
An Interview with Jeff Tonken of Birchcliff Energy
(As of May 21, 2009)
As Regards Talisman he says...
JT: I think that they have 0.6 debt to cash flow, so they have the cleanest balance sheet out of any of the majors, they’ve got a huge position on this Montney play and other shale plays and they just re-organized their management team with a strong group of individuals.
They’ve got 450 thousand barrels a day of production and very little debt.
I expect that someone’s going to run at them and pay humongous amounts of money for their balance sheet and their opportunities in the unconventional resource plays that exist in North America, it would be my bet. David Pescord : Thank you for your time Jeff!
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