Boston, MA 06/17/2014 (wallstreetpr) – Talisman Energy Inc. (USA) (NYSE:TLM) at present, is in the process to review the Asian oil and gas portfolio, the value of which is approximately $4 billion. It is said that this can lead to a huge amount of sale, whether partially or wholly. On the matter of review, Talisman is taking assistance from Goldman Sachs. However, the review is on a very low profile as of now and a lot of information has not been disclosed.
Debt Cutting Already Going On
Talisman Energy Inc. (USA) (NYSE:TLM) is already cutting down on its operations as well as outstanding payments to the debtors. This is done in order to augment the value of its share price for satisfying the activist investors like Carl Icahn.
Shift In The Business Strategy
The review by the company indicates that there is some major transition activity in the strategic approach of the business of this company because Talisman Energy sees Asian portfolio as the crucial and core asset. Reviewing this core asset will compel the company to go for some really difficult choices.
Future Plans
Talisman Energy Inc. (USA) (NYSE:TLM) has a few plans in the pipeline which also includes putting assets worth $2 billion in the market in the next one or one and a half year, after raising $6.6 billion via sale of the assets since 2011. This information is available at the official website of the company. However, as a part of the restructuring, Talisman Energy has not revealed the projects which it was willing to sell.
Divesting Assets To Focus On Core Home Markets
Talisman Energy Inc. (USA) (NYSE:TLM) at present is the owner of different gas and oil assets in Vietnam, Malaysia as well as Asia-Pacific region. With the plans of divesting the assets, the company has joined the bandwagon of various other independent gas and oil producers like Newfield Exploration and Hess Corp, which have likewise divested the assets in Asia to direct their attention to core home markets.
