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

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 estimated to be worth more than the company's current enterprise value,...