Seeking Alpha

Repsol, Talisman talks over a potential deal have stalled, WSJ reports

  • Repsol's (OTCPK:REPYF, OTCQX:REPYY) talks to buy oil and natural gas assets from Talisman Energy (NYSE:TLM) have stalled, WSJ reports, in a setback for both companies as they try to reposition themselves.
  • TLM's stock price has been helped this summer by the talks, while Repsol has said it wants to better balance its production growth potential and risk by strengthening its business in politically stable, developed countries.
  • TLM holds attractive assets in the gas-rich Marcellus and Eagle Ford shale formations, but also less desirable assets in the North Sea which are considered a source of "intractable inertia" and a major drag on TLM's earnings.
Comments (1)
  • Jeb Walport
    , contributor
    Comments (350) | Send Message
     
    I've been Long TLM since 1994. I feel like one of those guys sitting alone in a dark room with a whip.
    27 Aug 2014, 09:07 AM Reply Like
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