Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States.With benchmark Brent crude prices nearly halving over the past six months to $60 a barrel, energy companies have also seen their share prices tumble and are already adjusting the value of their assets and cutting budgets.Repsol's move this week to purchase Talisman Energy , Canada's fifth-largest independent oil producer, for $8.3 billion was seen as a harbinger of things to come.Though analysts said the Spanish company moved too early, a flurry of deals is expected to follow.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.83% or $0.14/share to $7.78. In the past year, the shares have traded as low as $3.46 and as high as $11.86. On average, 16505000 shares of TLM exchange hands on a given day and today's volume is recorded at 55389240.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.24% or $0.11/share to $9.01. In the past year, the shares have traded as low as $3.96 and as high as $13.13. On average, 5969910 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 12539160.
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