Canadian oil and gas producer Talisman Energy, approached by Spain's Repsol for talks over a potential deal, may find that its appeal lies more in its individual assets than as a candidate for a complete takeover. Talisman, which has a market capitalization of nearly $11 billion ($10.2 billion), has long been considered a takeover target as its stock slumped on weak natural gas prices.Its far-flung global operations include attractive assets stretching from Texas to Vietnam. But it also owns assets in the North Sea that have consistently missed production targets.Bankers, former investors and analysts say the Calgary firm will not lack for suitors for its individual assets. But taking on the entire company, which has been in midst of restructuring that has seen it cut debt and trim operations, may be a tough ask, partly because its assets are disparate."Everyone is looking at tuck-in assets like conventional oil and conventional gas and deepwater oil that they can add to their portfolio and keep the growth curve going," said an energy banker familiar with Talisman who asked not to be identified.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.97% or $-0.22/share to $10.95. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3793820 shares of TLM exchange hands on a given day and today's volume is recorded at 14424939.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.75% or $-0.21/share to $11.76. In the past year, the shares have traded as low as $10.48 and as high as $13.83. On average, 2398330 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 7305930.
Source
