Talisman posts net loss on impairment charges

Tue Oct 30, 2012 5:10am EDT
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Oct 30 (Reuters) - Talisman Energy Inc , the Canadian oil company that recently replaced its chief executive amid takeover speculations, reported a loss in the third quarter mainly due to $443 million in after-tax impairment charges.

Net loss was $731 million, or 71 cents per share, compared with net profit of $521 million, or 51 cents per share, a year earlier.

Low natural gas prices in North America and lower production in the North Sea also hurt results, the company said.