Talisman Energy Inc , Canada's fifth-largest independent petroleum producer, declined to offer additional details on its talks with Spain's Repsol SA on Tuesday, after it reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.Hal Kvisle, Talisman's chief executive, declined to offer further detail on the negotiations, saying on a conference call that he could not offer any comment beyond what the company acknowledged in a press release last week."We've been approached by Repsol with regards to various transactions," Kvisle said on a conference call. "There is no assurance that this will result in any transaction. I hope you understand that I can't comment further on the matter."Talisman shares rose more than 11 percent last week after reports emerged that Repsol may be interested in the Canadian oil producer whose profits and stock has been hampered by low natural gas prices and weak results from its North Sea operations.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.29% or $0.14/share to $10.98. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 4087450 shares of TLM exchange hands on a given day and today's volume is recorded at 7038813.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.79% or $0.21/share to $11.93. In the past year, the shares have traded as low as $10.48 and as high as $13.83. On average, 2628170 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2560303.
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