Is the “Sudan factor” out of Talisman share price?
Is Talisman Energy’s presence in Sudan still “newsworthy?”
Eric Reeves [March 24, 2000]
Smith College
Northampton, MA 01063
ereeves@sophia.smith.edu
Some oil analysts have argued that the “Sudan factor” is out of TLM share price (unfortunately one such analysis was made when that share price was at $43.50: TLM closed yesterday at $35.80—oops!). It has also recently been suggested to me by a Canadian reporter that perhaps the Talisman story is getting old—is losing its “legs.” I find this latter a most peculiar analysis. Indeed, if anything the story has moved from having the “legs” of a high school junior varsity runner to those of Carl Lewis! But don’t take my word for it: just check out the census of news coverage of “Talisman in the limelight”! And as to the “Sudan factor” being out of TLM share price?! Dream on, you Calgary boys! With news coverage of divestment like this, how can anyone even imagine that the bottom has been reached? Indeed, this “analyst” has just lowered his target figure: if Talisman remains in Sudan, it will sink below $20. by June 15th.
Talisman in the limelight: a census of recent items—
CANADIAN PRESS
Time Magazine (Canada)
Globe and Mail—ongoing
National Post—ongoing
Ottawa Citizen
Catholic New Times
Toronto Star
Calgary Sun—Linda Slobodian!
and several others.—
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MAINSTREAM AMERICAN PRESS (again, with Talisman the central issue)
New York Times—editorial/news coverage
Washington Post—-editorial/news coverage
Los Angeles Times—op/eds/news coverage
Christian Science Monitor—page 1 news analyses
Chicago Tribune—op/eds/news coverage
Boston Globe—op/eds/news coverage
The Village Voice (highly influential in New York politics)—recent op/ed
Intellectual Capital—ongoing op/ed column (mine)
numerous others—
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AMERICAN CHRISTIAN PRESS
CBN News
Christianity Today—April, 2000
numerous others, including Jewish intellectual journals—
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FINANCIAL PRESS
The Wall Street Journal—ongoing, indeed relentless
The Financial Times—ongoing, again relentless
Energy Today—ongoing and growing
Investors Business Daily—ongoing and growing
several others—
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FOREIGN PRESS
Daily Telegraph (UK)
Trouw (Holland)
several others—
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TELEVISION
Fox Family News
CNBC News
Several Canadian television programs forthcoming (one this Monday)
several others—
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RADIO
BBC/Public Radio International—ongoing
CBC—ongoing
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PUBLIC HEARINGS WITH SIGNIFICANT MEDIA COVERAGE
Divestment hearings, City of New York (October 1999)
[significant media coverage]
Joint Legislative Audit Hearing, State of California (January 2000)
[significant media coverage]
Hearings before the US Commission on International Religious Freedom,
(February 2000) [massive and continuing media coverage]
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PRESS STATEMENTS BY:
US Committee for Refugees
AFL-CIO
Free Tibet movement
US Commission for International Religious Freedom
American Anti-Slavery Group (numerous)
The City of New York
Samaritan’s Purse Hospital (Lui, Sudan—site of repeated Government of Sudan aerial bombardment)
various pension funds—
and many, many others!