Talisman Falling 48% Seen as Best Bet in Takeover

A sale is becoming Talisman Energy Inc.’s best bet as analysts turn more bearish on the Canadian oil and gas producer than at any time in almost eight years.

After plunging 48 percent in two years, the C$12 billion ($12 billion) company with projects worldwide is valued at a lower multiple of Ebitda than 92 percent of North American explorers and producers of its size, according to data compiled by Bloomberg. Analysts project that the stock will trade at C$14.05 a year from now, the lowest average estimate since 2005 and below its 52-week high, the data show.

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