TLM Talisman Energy Inc featured news, full reports, and detailed charts
Talisman Energy Inc (TLM) Wrap Up:
Talisman Energy, Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids in North America, the United Kingdom, Scandinavia, and the Southeast Asia. The company’s producing areas include Edson area comprising Bigstone, Wild River, Edson, and West Whitecourt; Greater Arch; Deep Basin; Lac La Biche; Alberta Foothills, including northern Alberta Foothills; Monkman/BC Foothills; Chauvin; Carlyle; Shaunavon; Warburg; southern Alberta Foothills; and Ontario. It also holds operated interests in various facilities and pipelines in western Canada, including Central Foothills, Columbia M...Talisman Energy Inc (TLM:NYSE)
Snapshot of Talisman Energy Inc (TLM)
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OPEN
$17.27
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PREVIOUS CLOSE
$17.45
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DAY HIGH
$17.38
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DAY LOW
$17.11
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52 WEEK HIGH
10/19/09 - $19.51
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52 WEEK LOW
11/21/08 - $6.42
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MARKET CAP
17.7B
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AVERAGE VOLUME 3 mo
3.2M
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DILUTED EPS TTM
$0.52
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SHARES OUTSTANDING
1.0B
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EX-DATE
12/9/09
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P/E TTM
33.3x
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DIVIDEND
$0.21
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DIVIDEND YIELD
1.20%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for Talisman Energy Inc (TLM)
Talisman Energy Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. Cash flow during the quarter was CAD 838 million or CAD 0.83 per share, a decrease from CAD 1.7 billion or CAD 1.65 per share a year ago, primarily due to lower prices. The main reason for the decrease has been a significant fall in oil and gas prices, resulting in a 52% reduction in netbacks. The price impact was partially offset by lower royalties and cash taxes and realized gains on commodity derivatives. Relative to the second quarter, cash flow decreased by CAD 62 million primarily due to production decreases. Net income was CAD 30 million, down from CAD 1.4 billion a year earlier, also driven by lower commodity prices and the impact of prior year hedging gains. Earnings from continuing operations were CAD 155 million or CAD 0.15 per share, compared to CAD 125 million in the second quarter and CAD 654 million or CAD 0.64 per share in the third quarter of 2008. Net debt at quarter end was CAD 1.9 billion, down from CAD 3.9 billion at December 31, 2008. The financial results in this quarter reflect a substantially lower price environment than a year ago. The reduction was primarily due to proceeds from asset dispositions that closed during the first half of 2009. Cash flow from continuing operations was CAD 828 million or CAD 0.82 per share against CAD 1.6 billion or CAD 1.52 per share a year ago. Cash provided by operating activities was CAD 747 million against CAD 1,735 million a year ago. Total revenues were CAD 1,536 million against CAD 2,661 million a year ago. Income from continuing operations before taxes was CAD 169 million against CAD 2,142 million a year ago. Capital expenditures exploration, development and other was CAD 882 million against CAD 1,375 million a year ago. Year-to-date cash flow was CAD 3 billion or CAD 3.00 per share against CAD 4.6 billion or CAD 4.52 per share a year ago. Cash flow from continuing operations was CAD 3.0 billion against CAD 4.23 billion a year ago. Net income was CAD 548 million or CAD 0.54 per share against CAD 2,317 million or CAD 2.28 per share a year ago. The main reason for the difference was the fall in commodity prices, lower production, increased stock-based compensation expense and higher unrealized gains on commodity derivatives in the previous year. Earnings from continuing operations was CAD 564 million or CAD 0.55 per share against CAD 1,850 million or CAD 1.82 per share a year ago, primarily due to reduced commodity prices. Cash provided by operating activities was CAD 2,977 million against CAD 4,585 million a year ago. Cash flow from continuing operations was CAD 2,959 million or CAD 2.92 per share against CAD 4,231 million or CAD 4.16 per share a year ago. Total revenues were CAD 4,683 million against CAD 7,625 million a year ago. Loss from continuing operations before taxes was CAD 498 million against CAD 3,573 million a year ago. Capital expenditures exploration, development and other was CAD 2,644 million against CAD 3,320 million a year ago.
Talisman Energy Inc., Q3 2009 Earnings Call, Nov-03 2009
Talisman Energy Inc. expected to Report Fiscal Year 2009 Results on February 17, 2010. This event was calculated by Capital IQ (Created on October 14, 2009).
TLM Competitors
| Company | Last | Change |
| Anadarko Petroleum Corp | $61.29 USD | -0.41 |
| Apache Corp | $96.47 USD | -0.60 |
| Chesapeake Energy Corp | $23.03 USD | -0.35 |
| Nexen Inc | C$26.04 CAD | -0.57 |
| Spectra Energy Corp | $19.10 USD | +0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TLM | Industry Range |
| Price/Earnings | 22.6x |
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| Price/Sales | 2.8x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | 3.8x |
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| TEV/Sales | 1.9x |
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TLM |
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TLM transactions
| Type Date |
Target |
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Merger/Acquisition
September 15, 2009 |
Petroleum Retention Licence No. 4 |
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Merger/Acquisition
September 15, 2009 |
Petroleum Retention Licence No. 5 |
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Merger/Acquisition
June 16, 2009 |
Rift Oil Plc. |
More Recent News About Talisman Energy Inc
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Hot Plays In The Canadian Bakken Shale
The Bakken shale is all the rage in the exploration and production industry, with most development activity centered in North Dakota. Since all the attention is focused there, some investors may be surprised to learn that the Bakken shale extends into the province of Saskatchewan in Canada. IN PICTURES: Top 8 Estate Planning Mistakes Bakken Shale PotentialThe Bakken shale potential on the U.S. side is fairly large. A study conducted by the U.S. Geological Survey (USGS) in 2008 estimated that the technically recoverable oil reserves in the U.S. part of the Bakken Shale are in a range from 3.0-4.3 billion barrels. (For more read Unearth Profits In Oil Exploration And Production.)U.S. PlayersThe U.S. players have been very aggressive at establishing positions on the U.S. side of the Bakken Shale. Here are the acreage holdings for four U.S. independents: On the Canadian side, it is difficult to get a recent reserve estimate, but clearly the interest is there. A lease by the government in August brought in bids of $14.8 million, mostly on the strength of interest in the Bakken shale. The play is similar to the U.S. side in that it is developed using horizontal wells and hydraulic fracturing.Canadian PlayersTalisman Energy (NYSE:...Click here to read the whole Article (external link)
Talisman Energy Adds 170,000 Net Acres In Pennsylvania Marcellus & Montney Shale
CALGARY, ALBERTA--(Marketwire - 11/03/09) - Talisman Energy Inc. (TSX:TLM - News) (NYSE:TLM - News) announced that it has substantially increased its landholdings in two of the top unconventional natural gas plays in North America and is increasing its development programs. "I am very excited as we accelerate our shale programs in North America on the heels of excellent drilling results and the continued growth of a very large, high-quality land position in two of the best shale plays in North America," said Paul Smith, Executive Vice President, North American Operations. "We have positioned ourselves for a significant increase in drilling and production in the Marcellus shale next year and are planning to move segments of our Montney shale play to commercial development at the beginning of next year."We have been successful in doubling our Tier 1 unconventional acreage in the Pennsylvania Marcellus and the Montney shales over the past few months. Recognizing that not all shale acreage is created equal, we define Tier 1 as top quality acreage with an expected full cycle breakeven of approximately $4/mcf. In these two plays alone, we have added 170,000 net acres through a combination of acquisitions and swaps for...Click here to read the whole Article (external link)
Talisman Energy Reports $838 Million Cash Flow in Third Quarter
CALGARY, ALBERTA--(Marketwire - 11/03/09) - Talisman Energy Inc. (TSX:TLM - News) (NYSE:TLM - News) reported its operating and financial results for the third quarter of 2009. - Cash flow(1) during the quarter was $838 million, a decrease from $1.7 billion a year ago, primarily due to lower prices. Year-to-date cash flow was $3 billion.- Net income was $30 million, down from $1.4 billion a year earlier, also driven by lower commodity prices and the impact of prior year hedging gains.- Earnings from continuing operations were $155 million, compared to $125 million in the second quarter and $654 million in the third quarter of 2008.- Production averaged 401,000 boe/d, 9% below the third quarter of 2008. Year-to-date, production from continuing operations averaged 412,000 boe/d, 2% above last year.- Netbacks were down 52% from a year earlier, averaging $27.16/boe, with both oil and natural gas prices significantly lower due to the global economic slowdown.- Net debt(1) at quarter end was $1.9 billion, down from $3.9 billion at December 31, 2008.- The Company has added over 170,000 net acres of high quality land in the Pennsylvania Marcellus and Montney shale plays, investing appro...Click here to read the whole Article (external link)
Vietnam A Frontier For Oil And Gas Exploration
The hunt for oil and gas resources is taking the exploration and production industry to all parts of the globe, as higher-risk exploration is needed to satisfy world demand for these resources. This need for newly discovered resources may become acute as the emerging economies industrialize and bring higher living standards to their citizens. IN PICTURES: How To Make Your First $1 Million Exploration In VietnamVietnam currently only has 4.7 billion barrels of proved oil reserves, and it had 19.7 trillion cubic feet of gas at the end of 2008. Production is also fairly low at 317,000 barrels of oil per day. This is sure to move higher fairly quickly due to the pace of exploration in Vietnam. Since this type of exploration is riskier and expensive, the majors are active here. ConocoPhillips (NYSE: COP) has interests in 2.7 million acres in six blocks offshore. The company currently has only 24,000 barrels of oil equivalent in production, but it is an important future area. The infrastructure is mostly in place for future expansion, as its exploration blocks are located near the Nam Con Son Pipeline, which runs 244 miles from offshore into Southern Vietnam. Conoco Phillips and BP (NYSE: BP) jointly own just under 50% of...Click here to read the whole Article (external link)