OTCPK:TLSMF - Post by User
Comment by
steam73on Oct 24, 2012 3:12pm
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Post# 20519519
RE: RE: RE: any thoughts
RE: RE: RE: any thoughts
TLM is a stock I have been tracking for some time and there was talk of a takeover last spring already. The stock price dipped to under $10, then rallied to over $14 and now retraced back down to it's current price.
The price was sliding well before the Canadian Government's announcement on the Petronas deal. There could be a number of reasons for that, including the Canadian Government's confusion on the Foreign Investment Act to its future plans to who they hire as a permanent CEO after Hal Kvisle. A lot of oil stocks have taken a beating since the government's announcement on Petronas, including PPY and ECA.
If you believe that TLM is going to be taken out, then this might be a good time to jump in and buy shares while they are down. Watch the technical indicators for MACD, RSI and OBV movements to determine momentum of this stock. They do have some good assets in SE Asia and recently sold close to half their stake in the North Sea.
Steam