Talon Energy initiated with a Speculative Buy at Canaccord

Canaccord initiated coverage of Talon Energy with a Speculative Buy rating and A$0.23 price target. Talon is an oil and gas explorer operating in the Perth Basin, Western Australia and the South Gobi Basin, Mongolia “on the cusp of first cash flow” from its flagship Waylering Gas Project, the analyst tells investors. With “the requisite exploration upside to excite the market in a research note,” the firm believes that Talon is “well positioned to benefit from this backdrop.”