OTCPK:TLSMF - Post by User
Comment by
Oregonduckon Dec 10, 2013 1:26pm
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Post# 21990658
RE:news........
RE:news........
Good news that the prior-announced sale of the Columbian pipeline has been completed.
Currently, TLM has $5.75 bn in debts, and the two recent divestitures for $2.2 bn will cut down the debt load to around $3.55 bn. It will also make the Company that much more of a target candidate. Takeover price is generally based on Enterprise Value (EV) which is about $18.37 per share for TLM. The Company generates tremendous cash-flow at $2.05 bn per annum.
Devon Energy Corp. is throwing in the towel on the depressed Canadian Nat gas business, providing a reminder that the road to a liquefied natural gas (LNG) industry from the West Coast remains long and uncertain. It is putting its assets in Canada for sale for north of $3 bn asking price. That company is betting on America’s oil revival. Devon said last month it would purchase closely held GeoSouthern Energy Corp.’s Eagle Ford assets for US$6-billion to expand its oil shale business in one of the most prolific basins in the U.S.
TLM is doing everything right by off-loading its Montney gas assets in BC at better than mkt. price and getting rid of its minority interests in the Columbian pipeline. TLM is, however, sitting pretty on its Eagle Ford shale assets = a larger land spread than GeoSouthern - which are in great demand. It is hoping to sell its Kurdistan & North Sea assets.
Pretty maiden looking for a match.