Talisman Energy

The Canadian oil and gas company is poised to cash in on an expected boom in demand for natural gas.

Talisman (TLM) is a major player in the business of extracting natural gas from unconventional sources such as shale deposits. It plans to drill 100 wells this year in a region called the Marcellus Shale in western Pennsylvania that's rich in the stuff.

The company also has operations in Southeast Asia and the North Sea. Analysts say investors may be underestimating Talisman's investments in natural gas, which could pay off big time in the future.

The International Energy Association recently estimated that worldwide demand for natural gas could rise more than 50% over the next few decades.

Talisman's position in North America is "one of the most underappreciated shale programs on the continent," said Barclays Capital analyst Thomas Driscoll.




Last updated July 01 2011: 1:38 PM ET
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