The chief executive of Talisman Energy, which had been seen as a possible takeover target for an Asian state enterprise, on Monday praised Canada's new restrictions on purchases by foreign state-owned entities.With Canada's approval of the $15.1 billion takeover of Nexen Inc by China's CNOOC Ltd, it is important that the country keep some homegrown oil companies with global reach, such as Talisman, CEO Hal Kvisle told reporters after speaking to a business audience.Calgary-based Talisman had drawn speculation as the next possible target of an Asian state enterprise due to a structure similar to that of Nexen and a weakened share price.The new foreign investment guidelines issued on Friday appear to make such a transaction much more difficult. Under the new rules, future offers for control of oil sands businesses by state-owned enterprises would be allowed only in exceptional circumstances. It is widely expected that other big takeovers by foreign state-owned enterprises would also be much harder now.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO traded higher by 0.23% or $0.49/share to $217.29. In the past year, the shares have traded as low as $170.70 and as high as $234.00. On average, 96598 shares of CEO exchange hands on a given day and today's volume is recorded at 101099.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 13.82% or $3.25/share to $26.77. In the past year, the shares have traded as low as $13.63 and as high as $26.21. On average, 8122880 shares of NXY exchange hands on a given day and today's volume is recorded at 77163928.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 13.53% or $3.15/share to $26.44. In the past year, the shares have traded as low as $14.20 and as high as $26.70. On average, 1368420 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 9352329.
Talisman Energy Inc. (Talisman) is a global, diversified, upstream oil and gas company. Shares of TLM fell by 0.45% or $-0.05/share to $11.08. In the past year, the shares have traded as low as $9.46 and as high as $15.21. On average, 4238280 shares of TLM exchange hands on a given day and today's volume is recorded at 2358270.
Talisman Energy Inc. (Talisman) is a global, diversified, upstream oil and gas company. Shares of TLM fell by 0.82% or $-0.09/share to $10.93. In the past year, the shares have traded as low as $9.72 and as high as $14.69. On average, 3440350 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2870777.
Source
