Talisman Energy Inc.
Thursday, June 3, 2 pm Eastern: 16.85
Friday, June 11, close: 17.09
Gain: +1.42%
Candlestick analysis: "Buy If" (American Bulls)
Summary: Stinkaroo. One of just six nat gas plays on the List of 40 that was in the red today. Add increased volume to that and it's amazing that any natty gasser can struggle like this after Obama gave clean energy his backing. Margin and returns all flat numbers, but revenue of $6.49 billion versus debt of $3.6 billion is undeniably impressive. Problem just might be a float of 1.02 billion shares. This probably wouldn't move unless it had sold down to 1 buck like Citigroup did in March of 2009.
No comments:
Post a Comment