Cheers Zeev! Talisman is attracting keen interest because of - Sudan!
CALGARY, Sept 9 (Reuters) -
The biggest stock market gainers among the oils were led by Talisman Energy, the country's largest international oil producer, which jumped C$2.70, or nearly 6 percent, to a new 52-week high of C$48.95.
Analysts said Talisman, now working toward completing its takeover of Rigel Energy Corp., was attracting keen interest because of its stake in a major oil project in Sudan that shipped its first load of crude to market by tanker this month.
``There have been many individual days in the last few weeks where the production in Sudan has been at 180,000 barrels a day, of which Talisman gets 25 percent,' said Martin Molyneaux, analyst with FirstEnergy Capital Corp. ``Those are very, very profitable barrels in a $23 oil environment.'
Production from the project was expected to average 150,000 barrels a day initially.
Full article: Canadian energy stocks climb with oil prices
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