OTCPK:TLSMF - Post by User
Post by
bushhog1on Dec 11, 2014 9:40am
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Post# 23218726
Market Chatter:
Market Chatter: Talisman Sale May Be Holders' Best Exit After Oil Rout
08:40 AM EST, 12/11/2014 (MT Newswires) -- For Talisman Energy Inc. (TLM.TO, TLM) investors, a sale at depressed prices may be more worthwhile than waiting out the rout in oil, Bloomberg said Thursday
Bloomberg reported that Repsol SA (REP), which took a look at Talisman earlier this year, is "sniffing around again" after the plunge in crude prices drove the Canadian explorer's stock below C$5 for the first time in 14 years. Bloomberg noted Talisman said it has also had talks with other parties. According to Bloomberg, suitors could offer C$8 a share, based on the average premium in recent oil deals.