Seeking Alpha

Talisman Energy, Pertamina in talks on possible stake in Duvernay gas fields

  • Indonesia’s state-run PT Pertamina says it has held early-stage talks with Talisman Energy (TLM +2.6%) about acquiring a stake in the Duvernay shale gas acreage in Alberta.
  • TLM has been seeking a partner to develop its Duvernay holdings as it looks to raise as much as $2B from asset sales over the next 12-18 months to cut debt.
  • Acquiring a stake in TLM’s Alberta gas fields would be Pertamina’s first foray into Canada’s oil and gas industry.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs