Talisman Mining Ord Shs TLM

What the Analysts Say: Talisman Energy

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What the Analysts Say: Talisman Energy ------------------------------------------ Desjardins Securities analyst Adam Zive and Peter Yoon continue to rate the shares of Talisman Energy Inc. (TSX-TLM, $18.29) a top pick. Their $25.00 target price remains unchanged. Talisman has begun an auction process to sell its oil sands assets. Based on the value of Canadian Oil Sands Trust (TSX-COS.UN, $32.95), the analysts estimate Talisman's 1.25 per cent indirect interest in Syncrude is worth about $557 million. "Additional proceeds from [oil sands] Leases 10 and 50 and the [two per cent] gross overriding royalty interest [Talisman has on Suncor's undeveloped Lease 23]S could bring total proceeds from oil sands assets to well above $1 billion," the analysts report. The company will use cash proceeds from the assets to buy back shares. The analysts view the oil sands divestitures as a positive development and reiterate their "top pick" rating for Talisman. Talisman Energy Inc. is an independent oil and gas producer with operations in Canada, the North Sea, Indonesia, Malaysia, Vietnam, Algeria and the United States. Talisman's subsidiaries also conduct business in Trinidad, Colombia, Qatar and Peru. (Click below for a profile of this week's stock.) https://www.adviceforinvestors.com/query_results.phtml?search_type=by_symbol&search_input=tlm