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TSX to decline further as oil falls below US$55, Repsol makes pitch for Talisman

2014-12-16 16:28:54| Energy - Topix.net

The Toronto stock market was set for a sharply lower open as the slide in oil prices intensified amid weak Chinese manufacturing data and a desperate move by Russia's central bank to halt the plunge in the ruble. Traders also took in major dealmaking in the oil industry that will see Spanish energy giant Repsol pay US$8.3 billion for all the shares of Talisman Energy , or US$8 per share .

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