OTCPK:TLSMF - Post by User
Post by
bxjuon Dec 16, 2014 9:31am
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Post# 23234850
What the Post says today..
What the Post says today..
Post dumps on Talisman's Kvisle for lacking courage
2014-12-16 09:17 ET - In the News
The Financial Post reports in its Tuesday edition just because Talisman is being hunted does not mean its shareholders should agree to become prey. The Post's Claudia Cattaneo writes that figuring on a rock-bottom price, Repsol SA is preparing what should be viewed as a stink bid. Repsol was to present a proposal to its own board Monday to buy the big independent at between $6 and $8 a share. While Talisman is down, it is hardly out, and its board should hold out for better options rather than sell out during a massive oil price correction. Calgary faces losing yet another independent Canadian energy company, head office and employer. What the company needs is a new chief executive officer to replace Hal Kvisle, with the courage to do what it takes to get this fallen Canadian energy company back on the right track. "We see untapped value in many of TLM's assets and believe that under the right management, they could thrive," Bernstein Research analysts said in a report Monday. In another report by the New York firm on Sept. 29, senior analyst Bob Brackett said the company was fairly valued at $9 (U.S.) a share, with an upside scenario as high as $17.30 (U.S.) a share. The stock closed Monday $5.97.