Markets

UPDATE: Talisman Energy Sinks to Loss in Q3 2012; Stocks Hurt, Down 1%

Talisman Energy Inc. (TLM.TO) reported third quarter 2012 net loss of $731 million, or $0.71 per share. In the same period last year, the company had a net income of $521 million, or $0.51 per share. Part of the quarterss loss reflects Talisman's writedown of its Quebec assets, to the tune of $109 million before taxes or $82 million after taxes.

Production from ongoing operations increased 6% over last year to 415,000 boe/d, driven by gas volumes in North America and liquids growth in Southeast Asia, Colombia and the Eagle Ford. Full-year production guidance remains unchanged.

TLM fell 1% to $11.93, trading near year low $9.72. Over 111,000 TLM shares have changed hands.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos