Talisman, boosted by Repsol deal talk, may be worth more in pieces


Talisman Energy (TLM -0.9%), approached by Repsol (OTCQX:REPYY, OTCPK:REPYF) for talks over a potential deal, has long been considered an acquisition target but its appeal may lie more in its individual assets than as a candidate for a complete takeover.

TLM likely will not lack for suitors for its individual assets, but analysts say taking on the entire company may be a tough ask, partly because its assets are disparate, including attractive assets stretching from Texas to Vietnam along with North Sea assets that have consistently missed production targets.

Repsol may be "trying to go after a wounded duckling and potentially pick away certain parts of it," says the deputy head of equities at Montrusco Bolton, a former owner of TLM shares.

From other sites
Comments (3)
  • Hrundi V. Bakshi
    , contributor
    Comments (53) | Send Message
     
    Repsol is kicking the tires and unlikely to buy TLM...if they walk away the s/p will tank...if you own, SELL!
    25 Jul 2014, 02:31 PM Reply Like
  • ESADE
    , contributor
    Comments (9) | Send Message
     
    REPSOL NEXT BOAR MEETING SEPTEMBER, and even them no BID
    26 Jul 2014, 12:16 PM Reply Like
  • Maobama
    , contributor
    Comments (475) | Send Message
     
    This is ridiculous. Repsol is just playing possum here. If they want to buy the company, submit a formal bid and do it.
    28 Jul 2014, 09:19 AM Reply Like
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