OTCPK:TLSMF - Post by User
Comment by
Seppelton Jun 10, 2014 11:57am
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Post# 22645766
RE:Maybe whisky is the answer to all lifes problems?
RE:Maybe whisky is the answer to all lifes problems?MM,
Switch to better whiskey or good wine, you'll use a lot of it to selebrate better things in life.
I think, TLM has great assets and a great future. The market is currently (after May 21st Open House) focusing on North Sea which takes in a lot more cash than produces. This is a known fact for quite some time and there is not much can be done about it abd there is no easy way out.
Let's focus on positive:
SE Asia where gas is sold for about 2x the price North America.
Americas including Marcellus (gas is sold for much better prices than AECO) and it's midstream business (may be sold for close to a billion). Eagle Ford which can grow and may become cash flow positive in about a year or so. Edson, including infrastructure, Duvernay, Columbia, etc., etc.
I bought a lot last week between $10.99-11.10 and, as I mentioned in previous posts, I don't mind catching falling knifes - it worked for me in the past.
PS. Make no sense when I read negatives about past preformance and the CEO. He joined in late 2012 and niether him or Icahn have an easy fix for North Sea. He is close to retirement age so probably it's a good idea to get some fresh blood.