A Look At Talisman Energy's Hidden Value [Part 2]

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Rupert Hargreaves
Published on
Updated on
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Continued from part one… According to Talisman Energy Inc. (NYSE:TLM) (TSE:TLM)’s full-year 2012 SEC filing containing the discounted present value of the company’s reserves, based on the current enterprise value, Talisman is trading at a discount to its PV-10 reserves before deducting income taxes. Although after deducting taxes, the company is trading at a slight premium. So it would appear the consensus of opinion points towards value locked away in Talisman Energy Inc. (NYSE:TLM) (TSE:TLM)’s assets, in particular the company’s shale and US plays. But there are valuation issues here. For example, although Talisman Energy Inc. (NYSE:TLM) (TSE:TLM)’s assets are…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk