Repsol of Spain said on Tuesday that it had agreed to acquire Talisman Energy Inc. (NYSE:TLM), a Canadian oil and natural gas producer, for $8.3 billion, significantly expanding its portfolio of energy assets and production. Talisman Energy Inc. (NYSE:TLM) in last trading activity moved up 48.05% to close at $7.58. Company weekly performance is 83.09% while its quarterly performance stands at -18.58%. Talisman Energy Inc. (NYSE:TLM) is -33.61% away from its 52 week high.
LINN Energy, LLC (Nasdaq:LINE) and Linn Co, LLC (NASDAQ:LNCO) announced that LINN has closed the previously announced sale of its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC at a contract price of $1.95 billion (the “Granite Wash sale”), subject to pre- and post-closing purchase price adjustments. On last trading day Linn Co, LLC (NASDAQ:LNCO) moved up 18.67% to close at $10.87. Its volatility for the week is 15.54% while volatility for the month is 8.77%. Linn Co, LLC (NASDAQ:LNCO) monthly performance is -47.08%.
Announced Dec 10, that International Finance Corp, the investment banking unit of the World Bank, agreed on Wednesday to endorse a planned merger between a unit of Itau Unibanco Holding SA and Chile’s CorpBanca (NYSE:BCA), in a huge boost to the largest Latin American banking tie-up since 2008. On last trading day CorpBanca (NYSE:BCA) moved up 0.23% to close at $17.40. Its volatility for the week is 2.91% while volatility for the month is 1.98%. BCA’s EPS growth for past 5 years was -9.55%. CorpBanca (NYSE:BCA) monthly performance is -9.52%.
Steel and steel products maker Nucor Corp. (NYSE:NUE) announced Tuesday that it anticipates earnings per share for the fourth quarter of fiscal 2014, which the company says is expect moderately decline from last year as well as sequentially drop from the third quarter.The Charlotte, North Carolina-based North America’s largest recycler currently expects earnings for the fourth quarter in a range of $0.50 to $0.55 per share, nearly in line with last year’s $0.53 per share. Nucor Corporation (NYSE:NUE) in last trading activity moved down -4.61% to close at $48.79. Company weekly performance is -10.67% while its quarterly performance stands at -15.03%. Nucor Corporation (NYSE:NUE) is -16.40% away from its 52 week high.
On Dec 02, Ring Energy, Inc. (NYSEMKT:REI) reaffirmed their 2014 development program and capital expenditure budget of $125 million. Management felt it necessary to reconfirm their stated 2014 development program because of the recent decline in commodity prices. On Tuesday shares of Ring Energy, Inc. (NYSEMKT:REI) closed at $8.32. Company’s EPS growth for next 5 years is recorded as 37.00%.