RBC says TLM's deal places a firm value on its Montney shale acreage

RBC released research today that stated "Talisman Energy’s $1.05 billion farm-out deal with Sasol Limited places a firm value on its Montney shale acreage at Farrell Creek." Since Canadian Spirit Resources Inc. (SPI) has adjacent Montney shale acreage, that same firm value can be extrapolated to SPI's land. Taking TLM's existing production out of the value, SPI's Montney land is valued at $575 million or $7.67/share using the same valuation metrics.