Speaking to Benzinga about rumors that Canada Pension Plan is weighing a bid for Talisman Energy Inc. TLM, Morningstar Analyst David Meats said that it doesn’t look like a natural fit for CPP.
He explained that Talisman has a joint venture Sinopec Shanghai Petrochemical Co. SHI, and he’s not sure how impressed Sinopec would be to partner with CPP.
“That company values not just the share in assets, but also the partnership with Talisman from a knowledge-transfer point-of-view,” he said.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: NewsM&AExclusivesAnalyst RatingsCanada Pension PlanDavid MeatsmorningstarOilpetroleumSinopectalisman energy
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