Loading, Please wait ...
Talisman Energy Inc.
TLM.NISIN: CA87425E1034SEDOL: 2125600 |
Rating: SELL |
Target Price: 8.47 USD |
Investment Horizon: 6 to 12 months |
1Q 09 News Alert
Although Talisman Energy Inc. (Talisman) registered a y-o-y decline in its 1Q 09 top-line, revenues remained above our estimate due to higher-than-expected hydrocarbon production during the quarter. The operating and net performance was below our expectations due to higher-than-expected operating expenses and dry hole costs during the quarter. We expect hydrocarbon demand and prices to remain suppressed during FY 2008 due to the global…
4Q 08 & FY 2008 Update Report
As the uncertainties surrounding the global economy continue to prevail and limit hydrocarbon demand, we expect hydrocarbon prices to remain at low levels through FY 2009. With Talisman’s hydrocarbon production expected to remain flat in FY 2009 and given our expectations of low hydrocarbon prices, we expect the company to experience a decline in revenues and deterioration in margins during the period. Furthermore, although an anticipated improvement in the global…
4Q 08 & FY 2008 News Alert
Talisman Energy Inc. (Talisman) 4Q 08 results fell below our expectations for the quarter. Revenues declined y-o-y, reflecting a decline in realized hydrocarbon prices and production levels. In addition, an increase in operating expenses and depreciation, depletion and amortization costs hampered the company’s operating performance. We expect ongoing weakness in global economy to weigh on hydrocarbon demand…
Company News Alert
CLICK VIEW REPORT TO READ FREE REPORT
On 13 January 2009, Talisman Energy Inc. (Talisman) announced capital expenditure plans of C$4.0 bn for FY 2009, significantly lower than its FY 2008 levels. Although lower capex levels will adversely impact hydrocarbon production growth in FY 2009, Management is confident that adherence to its strategic restricting program will support growth in hydrocarbon production over the long term. Furthermore, we believe Talisman’s common…
3Q 08 Update Report
CLICK VIEW REPORT TO READ FREE REPORT
Talisman Energy Inc. (Talisman) registered strong top-line growth in 3Q 08. However, this fell below our expectation given lower than expected realized hydrocarbon prices. Adjusted2 operating margin improved y-o-y with a decline in operating expense and non-cash costs. Going forward, we believe Talisman’s revenue growth in FY 2009 will be negatively impacted by low hydrocarbon prices…
Subscribe to Alerts
Sign up for a free account to receive email alerts for this stockMore Information
Request a redistribution license
Access to short term actionable trading strategies
(available only with Global Research subscription)
Access to financial models
(available only with Global Research subscription)