The oil and gas industry is highly competitive, and this could adversely affect companies’ profitability, as well as their ability to grow and manage their businesses. Companies have implemented strategies like expanding in international markets, redirecting capex toward rich projects and asset divestitures for growing. Let's take a look at Icahn´s last trade and try to explain to investors the reasons of this investment in this complex environment.
On Dec. 2, Carl Icahn
bought Talisman Energy Inc.
), a company that engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids, mainly in North America, the North Sea and Southeast Asia. Continue Reading »