Spanish energy company Repsol SA's talks to purchase oil and gas assets belonging to Canadian producer Talisman Energy Inc have stalled, The Wall Street Journal reported on Tuesday, citing several people familiar with the matter. Calgary-based Talisman, Canada's fifth-largest independent petroleum producer, said in late July it had been approached by Repsol with regards to various transactions.The Canadian company, which operates in North America, southeast Asia, the North Sea, Colombia and elsewhere, has long been considered a takeover target as its stock slumped in recent years on weak natural gas prices.Repsol, meanwhile, is cash-rich since settling a two-year dispute with Argentina earlier this year over the seizure of the company's business there.The WSJ article said that people familiar with the talks between Repsol and Talisman said a possible deal was not dead, but two of those people said discussions had frozen.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.11% or $-0.12/share to $10.69. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 4580310 shares of TLM exchange hands on a given day and today's volume is recorded at 6847611.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.43% or $-0.17/share to $11.69. In the past year, the shares have traded as low as $10.48 and as high as $13.83. On average, 2522660 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2343865.
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