Talisman Energy Inc. NYSE: TLM, Linn Energy LLC NASDAQ: LINE and Eclipse Resources Corp NYSE: ECR are making major gains on the market this Tuesday. Posting losses are Cyclacel Pharmaceuticals Inc NASDAQ: CYCC, dELiA*s, Inc. NASDAQ: DLIA and Navistar International Corp NYSE: NAV.

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Talisman Energy

Repsol Deal Spurs Talisman Energy Climb

Talisman Energy Inc. NYSE:TLM climbed +47.68% today upon Repsol's confirmation that it will acquire the Canadian oil and natural gas producer in a deal valued at $8.3 billion. Talisman has rallied more than +90% over the past week, cutting its YTD loss to -35%. Today's announcement is a big boost for Carl Icahn, who as of Q3 holds 76 million TLM shares. Also making money on the deal is Ray Dalio.

Linn Energy LLC NASDAQ:LINE got a +20.76% boost early in the day, bouncing back after yesterday's plunge. The long-time Leon Cooperman holding is down -61.09% YTD.

Eclipse Resources Corp NYSE:ECR gained +17.03%, one day ahead of its lock-up period, s et to end tomorrow. Despite today's surge, the oil and gas company, a holding of both Leon Cooperman and Richard Chilton, is down -75.42% YTD.

Cyclacel Plummets

Cyclacel Pharmaceuticals Inc NASDAQ:CYCC plummeted -73.67%, dropping to a new low after revealing that an its lead drug is likely to fail a trial. Wilbur Ross has maintained a position in the drug therapy developer for several years.

dELiA*s, Inc. NASDAQ:DLIA tumbled -14.66%, putting its five-day loss at nearly -50%. The apparel retailer declared bankruptcy earlier this month, and store closing sales have begun across the country. Both Leon Cooperman and Chase Coleman's Tiger Global disclosed positions in DLIA in Q3.

Navistar International Corp NYSE:NAV lost -11.57% early in the day after posting a larger-than-expected quarterly loss. As of the third quarter of this year, the company as a 1.40% allocation in Carl Icahn's public equity portfolio.
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-By iBillionaire