Canadian oil producer Talisman Energy Inc said it had sold its stake in the Ocensa oil pipeline in Colombia to an investment group led by Advent International for about $595 million, bringing total asset sales this year to $2.2 billion. The company said in March it had set a target of $2 billion to $3 billion in asset sales over 18 months.The stake of about 12 percent in the Ocensa pipeline was held by two affiliates.Other Talisman affiliates will retain rights to transport about 63,000 bpd through the line.Talisman said it would use the line to transport its own crude and generate third-party revenue from surplus capacity.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.02% or $-0.12/share to $11.67. In the past year, the shares have traded as low as $10.34 and as high as $13.38. On average, 6496600 shares of TLM exchange hands on a given day and today's volume is recorded at 3532957.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.04% or $-0.13/share to $12.41. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2668980 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 3297402.
Source
