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A man walks past a petrol station owned by Spanish oil major Repsol in central Madrid November 26, 2013.
A man walks past a petrol station owned by Spanish oil major Repsol in central Madrid November 26, 2013.
(Sergio Perez/Reuters)

What happens when Repsol tells analysts, ‘Don’t ask about Talisman’

You have to hand it to the analysts who follow Spain’s Repsol SA – they’re an obedient bunch.

In a conference call held on Thursday to discuss the Spanish oil company’s second-quarter results, chief financial officer Miguel Martinez kicked off the question and answer session by saying executives would not comment on “our M&A activities,” that is, that business regarding Talisman Energy Inc.