OTCPK:TLSMF - Post by User
Post by
Redskin88on Jan 19, 2012 1:15pm
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Post# 19422558
Started buying today
Started buying today This is an incredible risk/reward opportunity that I believe the market is completely missing. Markets trade on perception and the market currently perceives TLM to be a "Gas Producer", so its sell first ask questions later. But in actuality this company is only about 30% North American gas production of which a good component is in the shales where believe it or not are still profitable even at these depressed NG prices.
TLM trades at 3x 2012 CFPS, has a risked NAV @ 100WTI of $23.50 per share, and an unrisked number of over $37 bucks.
And then there's the stock price which is getting real sticky down here at about $11.50, indicating that we are probably real close to the bottom. So far I have accumulated 3000 shares and 20 call contracts into the spring a little out of the money. Each 75 cent drop in SP will cause me to add additional 3k blocks.
88.