Talisman Energy Likely to Open Under Pressure As Posts Q4 Loss despite Higher Revenues
Talisman Energy (TLM.TO) may open under selling pressure on Wednesday after reporting that its fourth-quarter loss widened to $304 million as it booked higher costs. Revenue, however, increased to $1.87 billion from $1.72 billion, beating analysts estimates of $1.83 billion, due to higher oil prices.
The company also said that while commodity prices were higher, and dry hole expenses were lower, those advantages were more than offset by stock-based compensation and taxes, which were both more than the comparable period.
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