TXN 0.00% 58.0¢ texon petroleum ltd

talon premium

  1. 640 Posts.
    Given TXN & SEA's recent runs I thought I'd take a look at the inherent valuation being allocated to Talon (ie the difference between 2 x TXN and the SEA closing prices x 245m shares (=pre consolidation))...

    The numbers (in millions) are as follows:
    8/02/2013 7.35
    7/02/2013 6.125
    6/02/2013 7.35
    5/02/2013 9.8
    4/02/2013 6.125
    1/02/2013 7.35
    31/01/2013 12.8625
    30/01/2013 8.575
    29/01/2013 8.575
    25/01/2013 10.4125
    24/01/2013 7.9625
    23/01/2013 7.35
    22/01/2013 2.45
    21/01/2013 0
    18/01/2013 1.225
    17/01/2013 1.225
    16/01/2013 2.45
    15/01/2013 1.8375
    14/01/2013 1.225
    11/01/2013 0.6125
    10/01/2013 0
    9/01/2013 0
    8/01/2013 0
    7/01/2013 0.6125
    4/01/2013 1.225
    3/01/2013 -0.6125
    2/01/2013 -1.8375
    31/12/2012 -0.6125
    28/12/2012 -1.225
    27/12/2012 -1.225
    24/12/2012 0.6125
    21/12/2012 -1.225
    20/12/2012 -0.6125
    19/12/2012 -1.8375
    18/12/2012 -3.675
    17/12/2012 0
    14/12/2012 1.225
    13/12/2012 -0.6125
    12/12/2012 2.45
    11/12/2012 3.675
    10/12/2012 -0.245
    7/12/2012 2.45
    6/12/2012 5.5125
    5/12/2012 1.225
    4/12/2012 0.6125
    3/12/2012 1.8375
    30/11/2012 1.8375
    29/11/2012 2.45
    28/11/2012 -3.675
    27/11/2012 -0.6125
    26/11/2012 1.225
    23/11/2012 0
    22/11/2012 1.225
    21/11/2012 -1.225
    20/11/2012 2.45
    19/11/2012 -0.6125
    16/11/2012 2.45
    15/11/2012 4.2875
    14/11/2012 -2.45

    For those that are interested - throw it up on a graph in excel.

    For those that aren't = after bouncing around it's now falling below the expected cash balance with no value for the leases.

    Feel free to add your own conclusion but mine is the obvious one = the market loves Eric/SEA but have no faith in Dave/John/Cliff.
 
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