Canada's Talisman Energy posts profit on higher production

Wed May 7, 2014 5:09am EDT
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May 7 (Reuters) - Talisman Energy Inc, Canada's No.5 independent oil and gas producer, posted a first-quarter profit and said production rose 6 percent.

The company, which lists activist shareholder Carl Icahn as one of its largest investors, posted a net income of $491 million, or 47 cents per share, compared with a loss of $213 million, or 21 cents per share, a year earlier.

Production averaged 360,000 barrels of oil equivalent per day.

(Reporting by Sayantani Ghosh; editing by Jason Neely)