Posts with tag TLM
Posted May 27th 2008 9:00AM by Paul Foster
Filed under: Rumors, Shareholders
CNOOC Ltd. (NYSE: CEO) closed at $185.35. The Globe and Mail says long-held speculation that China is seeking to buy Canadian oil and gas companies resurfaced yesterday, as a Chinese newspaper (South China Morning Post) reported the China National Offshore Oil Corp (CNOOC) CEO may be looking to acquire Talisman Energy (NYSE: TLM).
CNOOC over all option implied volatility of 46 is near its 26-week average of 47 according to Track Data, suggesting non-directional risk.
M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.
