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Talisman Energy, Inc. Message Board

  • smokedlobster smokedlobster Dec 15, 2013 3:51 PM Flag

    Dead Company Walking

    TLM has been dying ever since it was forced to sell its fantastic Sudan project by the self-righteous churches and other equally misguided pinheads. That sale not only accomplished no "greater good" whatsoever, it forced TLM to redeploy capital into poorly-understood, high-risk areas much too quickly, and an extended period of costly exploration failure was the result. Columbia was one of them.

    With an asset like Sudan in this oil price environment, TLM would have been fine, and it would not have been compelled to make such rash strategic moves. In fact, it could very easily been an acquiror of other distressed assets...what if.

    A year ago, China bought Nexen, after allowing the Canadian government to screw around with it. They've regretted it every moment since, and other players took note. The environment for big, complex energy acquisitions remains comatose.

    So thanks, church hypocrites. You enjoyed your 15 minutes of fame, you ultimately did no one in Sudanmuch more harm than good, you instigated the downfall of a very valuable, well-run, ethical company, and you skulked away back into the shadows without having to answer for it since. A perfect, arrogantly stupid grift.

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