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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1071)	9/20/2000 8:45:10 AM
From: Tomas	Read Replies (1) \| Respond to of 1713

Talisman could bring investors prosperity The Globe & Mail, September 20 VOX Profit-takers made a statement on oil company valuations yesterday, clipping 2 per cent off the Toronto Stock Exchange's oil and gas subindex. Given the index's recent run, it wasn't surprising (even though, by historical standards, oil shares have traded at much higher valuations in similar markets). Those waiting on the sidelines for an opportunity to jump back in should keep an eye on Talisman Energy. A first-rate oil patch producer, Talisman's shares trade at a considerable discount to it's peers: about 4.1 compared to 4.8 on a debt-adjusted cash flow basis (the number, not the verbiage, being the operative factor here). The discount can be attributed to the company's politically sensitive operation in the Sudan, but the market is slowly becoming more comfortable with it. Looking forward a year, assuming Talisman's share price starts to line up with its peers' and oil prices remain reasonably healthy, there is plenty of upside on the stock.