OTCPK:TLSMF - Post by User
Comment by
CruelCanuckon Dec 05, 2014 7:11pm
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Post# 23201611
RE:Back in 2008
RE:Back in 2008I would have to agree with you...
At these prices, a company like this is a steal.. %5 dividend and a collapse in price lower than the 2008 levels, this company is an easy two fold once the oil prices stabalize.
I would say we should be expecting a slightly better entry point once oil stablizes around 60.
This entry opportunity will not last for long IMO, specially since the main producing OPEC nations are slowly going under except Saudis of course, but give em' a few years and they will too.
I haven't even included the US shale production and Canadian production that is slowly decreasing as a result of this.
Very soon the US and Canada wont even need the Saudi oil anymore, since we will have East-west pipeline(s).
That being said, I'm no expert, Im just following market behaviour/ research.
I will definitely be jumping in soon since this dividend is hard to ignore and people keep foolishly selling their positions.
P.S In case no one has noticed, Natural Gas is now considered a clean energy in BC which means that Talisman can recieved tax deductions.