Talisman dropped from $23 range to $18-$20 range when the sub-prime mortgage crisis hit the market and the acquisition premium disappears.
According to some analyst, the company can be sold at $23-$27 if it is taken over by another company. While the sentiment of the market towards the stock changed, the fundamentals of Talisman did not.
Looking for new reserves is more difficult right now as global oil production peaked and the balance sheet of major oil companies remains strong after a sustained period of strong energy prices. Talisman can be sold at the right price when the right deal appear on the table.
$17.89 (09/16/07)
