Talisman Energy Inc, Canada's No. 5 independent oil and gas producer, posted a $1 billion quarterly loss due to an asset impairment charge and said it plans to sell a further $2 billion of assets over the next 12-18 months.Talisman has been slimming its operations and cutting debt in a effort to boost its share price to satisfy disgruntled and activist investors. The company has said that Chief Executive Hal Kvisle will step down in 2014.The oil producer raised over $2 billion from asset sales in 2013, including the sale of 75 percent of its Montney assets and its equity interest in the Ocensa pipeline in Colombia.Reuters reported in January that Talisman late last year rejected a $17 billion bid from French utility GDF Suez .
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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