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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: LARRY LARSON who wrote (1668)10/10/2003 2:51:53 PM
From: Tomas  Read Replies (1) of 1713
 
Deborah Yedlin writes in today's Globe & Mail:

"When it comes to the market's perception of risk, Talisman Energy comes to mind, with its Faustian bargain of a prolific oil field and low operating costs in a war-torn country.
Although Talisman's bottom line benefited handsomely from its 25-per-cent investment in Greater Nile Petroleum Operating Co., the market discounted the company's shares as a result of its presence in Sudan.
Since the sale of its 60,000 barrels a day, announced last Oct. 30, Talisman's shares have gained 18.6 per cent, closing yesterday at $66.61."
(Source: theglobeandmail.com )

My comment:
Since the sale of its 60,000 barrels a day, announced last Oct. 30, Talisman has underperformed the Toronto Stock Exchange Oil & Gas Producers Index by 1.2%.
So much for the so called Sudan discount.
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