Hopefully 2+2 = 80,000,000 so they can repay the notes. I do not see why an article dating from mid November (when it was flagged HZN may want to sell some of its assets) can possibly be extrapolated that it is Repsol's main interest in taking over Talisman. Why on earth would you bid for a company with a current (and highly deflated) market cap of $4.5bln when you could bid for the assets - none of which are in production - at one tenth of that price. PNG is a fraction of the TLM portfolio.
Not saying Repsol is not interested in Talisman, clearly they are, but don't kid yourself and think that PNG is the main game. It is at best periphery, still anyone would put more focus on it than TLM who have been doing everything possible to avoid spending money there. I think it is more likely the PNG assets are sold to one of the existing players there.
HZN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Not Held
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