M&A is alive and well in the energy patch these days.
The shale revolution has made North America the hot spot for a variety of energy firms looking for quality assets and production. The latest deal comes from Spanish energy firm Repsol S.A. (REPYY), which was burned pretty badly in Argentina after a government seizure of its assets. REPPY is reportedly making a play for Canada’s Talisman (TLM).
No formal agreement has been announced, and it remains to be seen what Repsol would want with Talisman on the whole. Analysts have speculated that the buy is an effort to gain access to TLM stocks stable assets in North America and the North Sea.
Whatever the case, the potential deal for Talisman — a marginal energy player at best — highlights the fervor and length larger firms are going to secure new assets.
However, investors don’t need to wait for the Talisman/Repsol deal top close to profit from this trend. There are plenty of other energy stocks to buy that have been wheeling and dealing. Here’s a look at four of the best: