First of all I note CFPS of $4.20 supported by 429K boe/d in 2009 and 471,100 boe/d in 2010. But more importantly I must say the shift in long term growth strategy -- Talisman plans on high-grading its existing asset portfolio and refocusing on unconventional resource plays in North America as well as its core growth areas in Norway and Southeast Asia. And actions speak clearly; TLM has divested more than $2.5 billion in assets, with asociated production of ~25K boe/d and more divesting is in the works (in U.K.) Then there is astring of exploration successes in Norway and Columbia... In short hold you Talisman shares tight as it is nimble and best of breed imo.

While Im on a role I also I suggest my fellow TLM bretheren look at a jr. exploration and producer that has sat on one of the largest land based oil reserves in North America for over 40 years and is now going to tap the deep reserves after it boosts daily production from reworking some old holes. They picked the acerages up long ago and have 50,000,000 BOE ready for taking easily., they trade cheaply and are under accumulation. Here is article that covers the salient points: http://energymarketwatch.net/ode.htm it is interesting as they are in a salt basin and Shell was not able to handle the saline in the lines 50 years ago so they lost the leases, then other operators in the region discovered the easy fix (when you complete a well you also install a dilution string so that you can circulate some fresh water down at the bottom and keep the salt dissolved and go ahead and produce your oil). You could load up hear and make out like a bandit when they tap the 17,000 ft level.