Pippen, I for one plan on holding, I agree as salesman the board stinks, but as far as finding oil can't really fault them. A few good discoveries in a new play would boost talon along quite nicely. Problem with txn is they never had a clear strategy for the market to understand. Was it develop the eagle ford or find new oil plays? These guys need to learn how to sell assets quicker before drill commitments put them in a bind. Maybe they learned a few lessons I know I have.
Either way I think the real value is sea and talon is a punt which any junior oiler is anyway, might as well stay on the roller coaster.
TXN Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held