Talisman Energy: Lord Stanley, No; Lord Marcellus, Yes
-
Font Size:
The last year a Canadian hockey team won the cup (Canadiens '92-'93) was the year that Talisman Energy (TLM) was formed. While US hockey teams have been skating into the back door and snatching ole Lord Stanley for those fifteen years, the $US 24 billion Canadian gas producer has been skating into the US and snatching up a very nice chunk of the Marcellus shale.
While doing some background work for the recent Talisman Energy/Hallwood announcement, I found the company listing a substantial 640,000 acre position in the Marcellus play. This makes them the #3 holder behind Chesapeake (CHK) and Range (RRC). According to Talisman's June presentation, most of the acreage spans the NY-PA border with some in southwestern PA around Range Resources' highly successful horizontal completions. Furthermore, Talisman's Fortuna Energy unit [FEI] is heralded as the #1 producer of natural gas in New York state indicating that the infrastructure critical to developing the Marcellus is already in place.
Talisman's Fortuna Energy [FEI] unit currently has only 17 active well sites in Pennsylvania but with 20 vertical test wells drilled since '06 and plans to drill 4 more and 20 horizontals in the play by the end of next year, Canada promises to be a serious contender for the Marcellus Cup.
Disclosure: none
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Hedge Fund Manager's Notebook: Blood on the Streets - Buy Russia
- Reevaluating Coal
- Interview with Jim Rogers, Part II: China as World’s Best Long-Term Profit Play
- How You Can Invest in the Pickens Plan
- The Twin I-Beams of Investment Success
- On SLV's 10-for-1 Split: It's All About Liquidity
- Full list of Editor's Picks »
- The Disconnect Between Supply and Demand in Gold & Silver Markets »
- The Great Consumer Crash of 2009 »
- Cramer Continues to Dig a Sirius Hole for Himself »
- Petrobras: Buy and Sit Tight Like Soros »
- 5 Impressive Stocks in This Difficult Market »
- Wall Street Breakfast: Must-Know News »
- Apple: Great Company with Lofty Valuation - Due for Pullback »
- Interview with Jim Rogers, Part I: Bigger Financial Shocks Loom »
- Four Brazilian Profit Plays »
- Time To Gradually Reaccumulate Energy Stocks - And Gold »
- Solarfun Power Holdings: Expect a Rally from Key Support »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Lehman Upgrade? - Fast Money Midday Recap (8/21/08)
- Kirkland Lake Gold: Buried Potential
- Seven High-Priced Stock Values
- Support for Freddie - Fast Money Recap (8/20/08)
- Why Thornburg Mortgage Will Survive
- How You Can Invest in the Pickens Plan
- Silver ETF Bull Market Remains Intact
- Making Sense of Fortuna Silver's Recent PPS Action
- Five Struggling Dividend Stocks I'm Still Bullish On
- Four Unique Oil Sands Plays You've Never Heard Of
- Full list of Long Ideas »
- Salesforce.com: It's All About the Guidance
- Three Casino Stocks Rolling Over
- New Web Site For Short Sellers: You Gotta Love Capitalism
- Commodity Carnage: Where to Turn Next?
- Fannie and Freddie Shareholders Run for the Exit
- Goldman: Readying Short Position Initiation Sequence
- Apple: Great Company with Lofty Valuation - Due for Pullback
- Russia's Too Risky - Barron's
- Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's
- Pilgrim's Pride: The Weakest Link in the Food Chain
- Full list of Short Ideas »
- Alarming Negativity - Cramer's Mad Midday (8/21/08)
- Hershey vs. Cadbury - Cramer's Mad Money (8/20/08)
- Cheap Oil Related Stocks - Cramer's Lightning Round (8/20/08)
- Real Buys - Cramer's Mad Midday (8/20/08)
- Coke vs. Pepsi - Cramer's Mad Money (8/19/08)
- Clean Energy - Cramer's Lightning Round (8/19/08)
- Still Growing - Cramer's Mad Midday (8/19/08)
- Which Stock to Pick - Cramer's Mad Money (8/18/08)
- Buy Weyerhauser - Cramer's Lightning Round (8/18/08)
- The Price of Oil - Cramer's Mad Money (8/18/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »



This article has 2 comments:
What a turnabout from Dr. Buckee's legacy.