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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Kent C. who wrote ()4/1/2000 4:03:00 PM
From: Andy  Read Replies (1) of 1713
 
Talisman 1st quarter report will be released on May 3rd,
same date as the Annual Meeting.

As mentioned by David Mann, IR:
Cash flow per share should exceed $4.00 Can. for this quarter.
Earnings per share should easily exceed $1.00 Can. and may be similar to the total earnings for all of 1999.

2nd quarter and later results should be higher with consistently higher gas and oil prices expected during the rest of the year.
Many analysts are already forecasting cash flow per share for the entire 2000 to be over $14.00 Can or about $10.00 USD. Also note that Talisman is producing over 1 bcf of natural gas per day with most of it in Canada. Prices in Canada for gas are at historical high, with Nymex price about $2.95 USD per mmcf. In Indonesia gas production is about 11% of overall and gas prices are calculated based on oil prices (resulting in a price that is about 25-30% higher than Nymex), a bonus for TLM.

Additional details can be found in:
stockhouse.ca
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