Oil Stocks: David Baskin on Oil Companies

David Baskin, president of Baskin Financial Services, had this to say about North American large cap oil stocks

TALISMAN (NYSE:TLM TSE:TLM)
more current cash flow and less expendicture with Talisman..managing assets activiely, selling less productive things and concentrating itself..think stock is worth 24 dollars..today we're about $19..i think it's very inexpensive..have nice big position in it

PETRO-CANADA (TSE:PCA)
I think it's an excellent buy at this price..NAV is the most attractive amongst major oil companies..we think stock is worth $55..we're long-term holders..still buyers..if you look at price of oil and price of Petro-Canada, oil has moved while Petro-Canada hasn't moved..don't know exactly why

CANADIAN NATURAL RESOURCES (NYSE:CNQ TSE:CNQ)
long-term CNQ is an excellent company excellent long-term prospects..good entry level..five year outlook, you're okay..five second outlook..I have nothing to say

SHELL CANADA (TSE:SHC)
Shell is safe choice..certainly has come down more..people concerned about price of oil sands..but priced into stock..might want to look at IMPERIAL OIL (AMEX:IMO TSE:IMO)..not as volatile as Petro-Canada or Shell with higher dividend..won't go wrong with either or those three