Talisman Energy Inc, Canada's No. 5 independent oil and gas producer, posted a $1 billion quarterly loss as it recorded a $826 million impairment charge. Separately, the company said it aims to sell a further $2 billion of assets over the next 12-18 months. Talisman raised over $2 billion from asset sales in 2013.The company's loss was $1.01 billion, or 98 cents per share, in the fourth quarter, compared with a profit of $376 million, or 37 cents, a year earlier.Loss from operations, which excludes most one-time items, widened to $116 million, or 11 cents per share, from $107 million, or 10 cents per share.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.57% or $0.06/share to $10.61. In the past year, the shares have traded as low as $10.34 and as high as $13.38. On average, 4090860 shares of TLM exchange hands on a given day and today's volume is recorded at 3799980.
Talisman Energy Inc. (Talisman) is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM remained unchanged at $11.68. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2011430 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 853733.
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