CALGARY ? Talisman Energy Inc. has appointed new directors to its board amid speculation the company is headed for a corporate sale.
Talisman, which has cut staff and is looking to sell gas properties in British Columbia?s Montney region and Alberta?s Duvernay shale play, said at its annual general meeting this year it would add three new members to the board by 2014, bringing the total slate of directors to 13.
The company appointed TD Bank chairman Brian Levitt in February and has since added Tom Ebbern to the board, spokeswoman Phoebe Buckland confirmed in an interview. Mr. Ebbern, who joined the Talisman board in June, is chief financial officer of North West Upgrading Inc. and a former managing director, investment banking, at Macquarie Capital Markets. Talisman expects to make another appointment by the end of the year, Ms. Buckland said.
Investors are likely to interpret the recent appointment as potentially leading to a sale of Talisman, BMO Nesbitt Burns Inc. analyst Randy Ollenberger said Friday in a note. He noted Mr. Ebbern, most recently a director at Nexen Inc., was viewed as playing a key role in that company?s sale to China?s Cnooc Ltd. last year.
Talisman chief executive Hal Kvisle has said the company is worth between $17 and $25 a share. On Friday, its shares were hovering around $12.
Ms. Buckland said Talisman is not currently pursuing a sale. The company is targeting between $2-billion and $3-billion of asset sales over the next 18 months as it shifts focus to properties in the Americas and Asia and tries to boost production of liquids-rich gas.
elon musk fox mole manson bubba watson recent earthquakes fbi most wanted list stuttering
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.