Morningstar Analyst On Potential Repsol-Talisman Buyout: 'I Don't Know If Talisman Is A Perfect Fit For The Company'

Morningstar Analyst David Wheats told Benzinga that he’s not sure Talisman Energy Inc. TLM is a good fit for Repsol SA REPYY. Earlier today, Talisman confirmed that it was in talks with Repsol.

He explained that Talisman is a mixture.

“It has some really impressive assets in Southeast Asia and North America, but then it has some assets in Kurdistan and the North Seas. Those assets are maybe more questionable,” he said.

Meats also said he’s not sure how attractive the assets in Kurdistan and the North Sea would be to Repsol. It sounds like Repsol may want to buy all of Talisman and then sell off what it doesn’t want.

“I don’t know how easy it would be for them to sell off those assets, especially in this market since it’s obviously not a sales market,” he said.