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Talisman Energy Q4 Results

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TLM : TSX

 $12.82)
Are you in the bear or the bull ?

TLM reported Q4/12 results. The bear camp might pick at the EPS and CFPS miss, which Canaccord expected, and the 17% YoY decline in pre-asset
sales proved reserves (which can be associated with a shift in investment choices to reflect a refocus of the portfolio in order to
start cleaning up past management’s issues).

However, Canaccord  sees TLM’s Q4/12 release as neutral, as he believes the Q4 report is a non-event and is focusing more on the activism theme that seems to be heating up in the oil patch.

Utilize any decline in share price as a buying opportunity ahead of the company’s March 6 Investor Day, which  could be the tipping point for TLM because status quo is not an option. Skolnick believes the theme of activism heating up in the oil patch is a potential key driver for TLM’s share price. This is an “either it fixes itself or gets pushed” story.



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