UPDATE: Market Chatter: Talisman Plummeting Seen as Best Takeover Bet; Shrs Down 2.5% Today, Gained 4% Friday

By MT Newswires,  January 14, 2013, 09:50:38 AM EDT

"A sale is becoming Talisman Energy Inc.'s (TLM.TO) best bet as analysts turn more bearish on the Canadian oil and gas producer than at any time in almost eight years," Bloomberg reported over the weekend.

It said: "After plunging 48% in two years, the C$12 billion ($12 billion) company with projects worldwide is valued at a lower multiple of earnings before interest, taxes, depreciation and amortization than 92% of North American explorers and producers of its size, according to data compiled by Bloomberg. Analysts project that the stock will trade at C$14.05 a year from now, the lowest average estimate since 2005 and below its 52-week high, the data show."

TLM has dropped near 2.5% today after gaining 4% Friday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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