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Spanish oil giant Repsol are considering a buyout of london listed Canadian oil producer Edge Resources Inc (LON:EDG) .It is thought that Repsol executives view Edge as a great value enhancing aquisition and offers a great alternative to its much publicised attempt to purhase fellow Canadian producer Talisman Energy.Recent progress made by Edge at its Eye Hill East assets have caught the attention of a number of bigger industry players that are looking for undervalued assets in safe jurisdictions - From stockopedia.com/content/oil-and-gas-review-5th-november-2014
"Another record-breaking quarter. More revenue, more profit, more reserves and more cash - it couldn't have been better" - RNS says it all... STRONG BUY at these levels.