02-27-2012, 12:01 PM
Maybe all of this activity will finally realise IOC's true asset values to the market.
The deal with Mitsubishi values Talisman’s PNG assets at US$840 million, well above CIBC World Markets’ net asset value estimate of US$250 million, wrote analyst Andrew Potter in a research note.
“Another way of looking at this deal is that it is worth approximately 5% of TLM’s current enterprise value — a substantial value for an asset that the Street and investors have largely ignored,” he wrote
The deal with Mitsubishi values Talisman’s PNG assets at US$840 million, well above CIBC World Markets’ net asset value estimate of US$250 million, wrote analyst Andrew Potter in a research note.
“Another way of looking at this deal is that it is worth approximately 5% of TLM’s current enterprise value — a substantial value for an asset that the Street and investors have largely ignored,” he wrote