The company said there is no assurance that a deal will be reached. Talisman won't make any other statements about the possible transactions until "such time as it is appropriate."
Repsol is looking into making a bid to deploy cash it received after losing its stake in YPF (YPF) according to Bloomberg. The Spanish company is reportedly working with JPMorgan Chase (JPM) as it evaluates the deal.
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TheStreet Ratings team rates TALISMAN ENERGY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TALISMAN ENERGY INC (TLM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself."