OTCPK:TLSMF - Post by User
Comment by
shambanoon Oct 16, 2006 12:51pm
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Post# 11509194
RE: anyone tell me
RE: anyone tell meTLM has more Oil than ECA and half of their NG is off shore so NA pricing doesn't always correlate with TLM, but I would agree with you that when the other seniors are up and TLM is down it is more likely than not a good buy or trade opportunity if you are so inclined.
I have not taken advantage of it today, just trying to see how O&G closes today to get a better handle on trend change or just another volatile day.
For the record if cold keep ups this early we should be looking at a draw or a much smaller injection this week at the very least. This will go a long way in creating a new base for NG.
Oil will be more volatile until economic trends are better established but I doubt we will a big drop in oil price unless we are looking at major recession in 2007, which for now doesn't appear to be the case.
Cheers and GLA, but I'm just guessing anyway