February 12, 2014 / 10:39 AM / 4 years ago

Talisman Energy posts $1 bln loss on asset impairment charge

Feb 12 (Reuters) - Talisman Energy Inc, Canada’s No. 5 independent oil and gas producer, posted a $1 billion quarterly loss as it recorded a $826 million impairment charge.

Separately, the company said it aims to sell a further $2 billion of assets over the next 12-18 months. Talisman raised over $2 billion from asset sales in 2013.

The company’s loss was $1.01 billion, or 98 cents per share, in the fourth quarter, compared with a profit of $376 million, or 37 cents, a year earlier.

Loss from operations, which excludes most one-time items, widened to $116 million, or 11 cents per share, from $107 million, or 10 cents per share.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below