OTCPK:TLSMF - Post by User
Post by
investorblingon Sep 03, 2008 9:38am
854 Views
Post# 15427121
Flash Update - The Bomb
Flash Update - The Bomb Talisman Energy Inc (TLM-TSX; TLM-NYSE) Stock Rating: Market Perform Stock Price: $17.51 Target Price: $26.00 Member of: Top 15 Quantitative Stock Selections | September 3, 2008 Brief Research Note Oil & Gas - Senior Producers |
Sells Non-Core Dutch Assets |
Impact | Neutral |
Details & Analysis | Talisman announced that it has reached an arrangement to sell its non-operated interests in the Dutch North Sea for US$480 million. Talisman’s production from the fields averaged roughly 23 MMcfe/d in 2007 and theassets have been attributed 43 Bcfe of proved reserves. The sale of theassets is in keeping with the company’s ongoing strategy to rationalize itsinternational asset portfolio. |