Canada's No.5 independent oil and gas producer Talisman Energy Inc posted a first-quarter profit, compared with a year-earlier loss, as oil and natural gas liquids production in North America soared 45 percent.The company's cash flow, a key indicator of its ability to fund projects, rose 19 percent to $616 million, or 60 cents per share, in the quarter ended March 31.Talisman has been slimming its operations and cutting debt in a effort to boost its share price to satisfy disgruntled and activist investors such as Carl Icahn.The company completed the C$1.5 billion ($1.38 billion) sale of part of its western Canadian shale properties to a unit of Malaysia's Petronas in March and used the proceeds to cut net debt by about $1 billion.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.99% or $0.1/share to $10.21. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3537170 shares of TLM exchange hands on a given day and today's volume is recorded at 4722705.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.27% or $0.03/share to $11.13. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 1996390 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 1824235.
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