Talisman sells Dutch North Sea holdings Sep 4, 2008
CALGARY Talisman Energy Inc. said Wednesday it has sold its Dutch offshore assets to Total Holdings Nederland for $480-million (U.S.) as part of a new strategy to focus its business on a few key areas. The Calgary-based company had minority interests in three fields in the region, which produced an average of about 23 million cubic feet per day of natural gas and held proved reserves of about 43 billion cubic feet. (Globe and Mail -- Business)
A back-to-school lesson on trendy investing Sep 3, 2008
MARKET MOVES: ASSET CLASSES. jheinzl@globeandmail. (Globe and Mail)
Former CEO of Talisman Joins Rodinia Board of Directors Aug 26, 2008
CALGARY, Aug. 26 /CNW/ - Rodinia Oil Corp. ("Rodinia") today announced that Dr. James W. Buckee, former President and CEO of Talisman Energy Inc., has recently joined its Board of Directors ... "His experience in the international oil and gas industry from exploration to development is second to none. We are thrilled that he has chosen Rodinia as one of his first North American boards on which to serve since leaving Talisman. By joining the Rodinia board, Dr. Buckee is demonstrating his... (Canada Newswire)
EnerVest Natural Resource Fund Ltd. Announces Financial Results for the Six Month Period Ended June 30, 2008 Aug 23, 2008
The fund held a number of companies involved in takeovers, including Berkana Energy Corp. purchased by Quatro Resources Inc., Bulldog Resources Inc. acquired by TriStar Oil and Gas Ltd., Burmis Energy Inc. bought by Baytex Energy Trust, Cyries Energy Inc. acquired by Iteration Energy Ltd., ExAlta Energy Inc. acquired by Galleon Energy Inc., Pacific Stratus Energy Ltd. purchased by Pacific Rubiales Energy Corp., RSX Energy Inc. acquired by Talisman Energy Inc., and Rider Resources Ltd. purchased... (CCNMatthews Press Releases)
A Bull on Energy Aug 22, 2008
In the Utica, there's one U.S. company, Forest Oil (), and one major Toronto company, Talisman Energy (TLM.Canada). In the Montney, there is a whole bunch of companies. (SmartMoney)
Ivanhoe Energy completes Canadian regulatory filings for CA$88 million private placement Aug 7, 2008
5 million of the net proceeds from the Offering was paid to Talisman Energy Canada as the down-payment under a CA$90 million agreement to acquire Talisman's interests in certain oilsand leases in Alberta's Athabasca region ... Lease 10, the principal oilsand lease acquired from Talisman Energy Canada, is expected to be Ivanhoe Energy's first integrated HTL heavy-oil project. (PR Newswire)
Vindication for an economic nationalist Jul 31, 2008
Talisman Energy, for example, trades at just four times cash flow, adjusted for debt. EnCana has decided to split itself into two smaller companies to try to improve its market valuation and some hedge funds would like to break up Nexen. (Globe and Mail -- Business)
Special charges dent Talisman Q2 result Jul 30, 2008
Talisman Energy on Tuesday saw its second-quarter profits eaten up by hedging losses and one-time charges. The Calgary-based company said its net earnings fell 23 per cent to $426 million, or 42 cents a share, from $550 million, or 53 cents a share, a year earlier in the absence of gains from asset sales. (Calgary Herald)
Market Minute Jul 30, 2008
Talisman Energy fell 17 cents, or 0. 94 per cent, to $17. (Calgary Herald)
Energy prices, share prices out of whack Jul 26, 2008
Imperial, Canadian Natural Resources and Talisman Energy report next week. In the case of EnCana, most analysts maintained price targets in excess of $100 a share. (Times Colonist)
C.A. Bancorp Canadian Realty Finance Corporation Files Preliminary Prospectus for Tax-Efficient 7.6% Yielding Class A Shares and Warrants to Purchase Series 1, Preferred Shares Jul 24, 2008
--------------------------------------------------------------------------- Name Ticker --------------------------------------------------------------------------- Canadian Common Shares Eligible for Exchange --------------------------------------------------------------------------- Agnico-Eagle Mines Ltd. AEM --------------------------------------------------------------------------- Agrium Inc. AGU --------------------------------------------------------------------------- Bank of Montreal... (CCNMatthews Press Releases)
BCE Cuts Executive Ranks to 12 From 17 as George Cope Takes Over as Chief Jul 13, 2008
former executive vice president of corporate development and planning at BCE, moved to Talisman Energy Inc., also last month. BCE rose 35 cents to C$39. (Bloomberg -- Canada)
Talisman heads into Iraq with $300-million stake Jun 25, 2008
Despite uncertainty over the future of oil deals in wartorn Iraq, Talisman Energy on Monday said it intends to spend more than $300 million to explore in Kurdistan. Talisman announced an agreement with the Kurdistan Regional Government to assume a 40 per cent interest in Block K44 in partnership with Calgary-based Western Zagros, which will also hold 40 per cent. The Kurdish government will retain the remaining 20 per cent.. (Calgary Herald)
Talisman strikes deal for Iraq fields Jun 24, 2008
CALGARY -- Talisman Energy Inc. just couldn't help itself. The company, long criticized by investors for spreading itself too thinly, had pledged to change its ways by selling scattered international assets and concentrating on North American unconventional natural gas. (Globe and Mail)
North American stock markets dive in pessimistic environment Jun 21, 2008
Talisman Energy Inc. was down 48 cents, or 2. 1 per cent, to $22. (Canada.com)
Canadian Stocks Fall, Led by Canadian National, Royal Bank; Suncor Rises Jun 12, 2008
Talisman Energy Inc. rose 3. 4 percent to C$24. (Bloomberg -- Canada)
Hallwood Energy, L.P. Announces Transaction Jun 11, 2008
DALLAS, June 10 /PRNewswire-FirstCall/ -- Hallwood Energy, L.P. today announced that it has entered into an agreement for the sale and farmout to a subsidiary of Talisman Energy, Inc. of an undivided interest in up to 33. 33% of Hallwood Energy's interest in substantially all its assets for a series of payments of up to $125 million, and has entered into an agreement to provide consulting services to the purchaser for one year. (PR Newswire)
Ivanhoe Energy sees global interest in heavy-oil process Jun 4, 2008
Last week, Ivanhoe said it will develop an innovative, small-scale oil sands plant in Alberta on leases acquired from Talisman Energy Inc. The technology partially processes the crude on site and could make oil sands development more economical, unlocking the door for smaller producers. Since then, investors from around the world have shown substantial interest in Ivanhoe's technology, while the company has also talked with other Canadian oil sands firms and state-owned oil companies elsewhere... (Globe and Mail -- Business)
The close: Oil out, homebuilders in Jun 4, 2008
6 per cent. Talisman Energy Inc. fell 2. 1 per cent and Suncor Energy Inc. fell 3. (Globe and Mail)
Ivanhoe Energy buys Talisman oilsands leases May 30, 2008
The project, to be centred on one of three oilsands leases purchased for $105 million from Talisman Energy Inc. of Calgary, would give Ivanhoe its first chance to apply a proprietary heavy-oil upgrading technology at a major commercial project. "We now have achieved our initial objective," said Friedland, whose company discovered the massive nickel deposit at Voisey's Bay in Newfoundland, and whose Ivanhoe Mines Ltd. is trying to develop a $3-billion gold and cooper mine in Mongolia with partner... (Canada.com)
Friedland changes tack with oil sands entrance May 30, 2008
The junior company, which has a market capitalization of around $650-million, said yesterday that it will buy three oil sands leases from Talisman Energy Inc. for a total of $105-million, including only $30-million in cash up front. On one of the leases, Ivanhoe will build a small, technically advanced project - producing between 30,000 and 50,000 barrels a day - that will upgrade crude more cheaply and use far less natural gas or diluent than other projects, the company said. (Globe and Mail)
Oil stocks still a bargain May 28, 2008
Energy stocks followed suit; the S&P/TSX energy subindex fell 3 per cent, led by recent high-flier Talisman Energy Inc., which shed a whopping 7 per cent. It was a profit-taking feeding frenzy: More than two-thirds of the energy group's 58 stocks fell more than 2 per cent.. But before anyone goes writing off the energy sector as overpriced, overhyped and overplayed, take a look at the little report issued by NBF yesterday. (Globe and Mail -- Business)
* World Business News Quick Take May 27, 2008
Chinese oil giant CNOOC (vo) is in talks with Canadian-based Talisman Energy over a possible takeover deal, the South China Morning Post reported yesterday. CNOOC, Chinas third-largest oil company, is in discussions that could lead to asset sales or a complete takeover, the report said, citing unnamed sources. (Taipei Times, Taiwan -- World)
Crude Oil On The Rise May 27, 2008
57 in light volume on Monday as the energy sector soared amid gains in oil and a report that Talisman Energy could be an acquisition target. All but two of the index's 10 main sectors drifted higher. (Forbes -- Markets)
Most Canada Stocks Rise, Led by Talisman, on Oil Price; Fording Coal Falls May 27, 2008
China's is in talks with Talisman Energy about an asset purchase or a takeover, the reported, citing people it didn't identify. We don't comment on market rumors,'' Talisman spokesman Dave Mann said today in a telephone interview from Calgary. (Bloomberg -- Canada)
Hong Kong shares end morning lower, led by China Mobile - UPDATE May 26, 2008
The company is in talks to acquire Canada's Talisman Energy (nyse: - - ), according to South China Morning Post (other-otc: - - ) (SCMP). The newspaper also reported that PetroChina (nyse: - - ) is eyeing a stake in Australia's oil and gas company, Santos. (Forbes)
China's CNOOC in takeover talks with Canadian energy firm: report May 26, 2008
HONG KONG (AFP) - Chinese oil giant CNOOC is in talks with Canadian-based Talisman Energy over a possible takeover deal, a report in Hong Kong said Monday. CNOOC, China's third largest oil company, is in discussions that could lead to asset sales or a complete takeover, the South China Morning Post said citing unnamed sources. (Yahoo! Asia News)
B.C. land rights sale hits a record May 23, 2008
Companies already active in the area, who may have been part of the sale, include EnCana Corp., Duvernay Oil Corp., ARC Energy Trust and Talisman Energy Inc.. In Fort Nelson, the locals are gearing up. (Globe and Mail -- Business)
Fasten seatbelts, Talisman players May 22, 2008
The arrival of Talisman Energy Inc.'s long-awaited sea change in corporate strategy could signal a profit-taking phase in the company's high-flying stock as investors move their focus from the promise of the new plan to the reality of its execution, analysts say. "We're probably going to weather some near-term volatility," analyst Philip Skolnick of Genuity Capital Markets in Calgary said. (Globe and Mail -- Business)
UPDATE 2-Talisman to sell non-core assets in overhaul plan May 21, 2008
CALGARY, Alberta, May 20 (Reuters) - Talisman Energy Inc (TLM.TO: , , ) plans to sell operations in the Netherlands, Trinidad and Denmark in a restructuring to hone its assets and wring out higher, more predictable returns, Canada's No. 3 independent oil explorer said on Tuesday. As part of the strategy, in the works since John Manzoni took over as chief executive last year, Talisman aims to sell non-core assets pumping up to 45,000 barrels of oil equivalent a day, for as much as C$2 billion ($2... (Reuters)
Talisman shifts focus to unconventional gas May 21, 2008
Talisman Energy Inc. plans to spend $1. 3-billion in the next 18 months to evaluate the potential of unconventional natural gas on one million hectares of land it controls in North America"> reportonbusiness.com: Talisman shifts focus to unconventional gas | Talisman shifts focus to unconventional gas DAVID EBNER From Wednesday's Globe and Mail May 20, 2008 at 9:13 PM EDT CALGARY Talisman Energy Inc. plans to spend $1.3-billion in the next 18 months to evaluate the potential of unconventional... (Globe and Mail)
Knowing when to jump, in and out May 16, 2008
Other big winners that the fund owned before they became fashionable include Canadian energy and metals producers like Suncor Energy, Talisman Energy, Goldcorp and Franco Nevada. The fund has roughly one-quarter of its assets in Canada, almost as much as it has in the United States. (International Herald Tribune -- Money Report)
Canada Stocks Drop, Led by Sun Life Financial, Manulife on Credit Concern May 8, 2008
Talisman Energy Inc., which produces and gas in the North Sea, gained 1. 4 percent to C$22. (Bloomberg -- Canada)
Many firms interested in local natural gas rights May 5, 2008
However, Fortuna is a subsidiary of Talisman Energy Inc. of Calgary, Alberta, Canada, which has operations worldwide. n Equitable Production Co. is a subdivision of Pittsburgh-based Equitable Resources, which is traded on the NYSE under the symbol EQT. The company finds, delivers and deals natural gas in the Appalachian region. (The Citizen's Voice, PA)
Gas drilling firms in rush for riches May 5, 2008
However, Fortuna is a subsidiary of Talisman Energy Inc. of Calgary, Alberta, Canada, which has operations worldwide. The $7 billion company is traded on the New York Stock Exchange under the symbol TLM.. (Scranton Times, PA)
Nortel, Canfor report Friday May 2, 2008
Talisman Energy reports. First-quarter share profit of 39 cents is forecast, up from 25 cents last year. (Globe and Mail -- Business)
Imperial CEO vows cleaner oilsands May 2, 2008
"On Wednesday, John Manzoni, CEO of Talisman Energy Inc., another senior Canadian oil-and-gas company, promised to back off drilling in the Peruvian Amazon jungle if there is insufficient support in the local community, after a pair of Achuar elders travelled to Calgary for the annual meeting to protest oil development. Mr. Manzoni, who replaced former CEO Jim Buckee last year, said the company has learned "from the school of hard knocks" to manage its stakeholders relations "very, very... (Financial Post)
Junior explorers resource players Apr 14, 2008
CALGARY -- There has been a lot of hype swirling around new unconventional natural gas plays in Quebec and British Columbia, but investors do not necessarily need to stampede toward big players like EnCana Corp. and Talisman Energy Inc. if they want in on the action, industry watchers say. Instead, they might want to think about buying stock in junior explorers and oilfield services companies, said Mike Dawson, president of the Canadian Society for Unconventional Gas. (London Free Press)
Revised royalty plan leaves investors cold Apr 13, 2008
Senior producers benefitting the most are Canadian Natural Resources Ltd., EnCana Corp., Talisman Energy Inc. and also Nexen Inc., which benefits because of its large Mannville coal bed methane assets. Junior producers that stand to gain include Duvernay Oil Corp., Galleon Energy Inc. and Compton Petroleum Corp., while trusts that make out well include Baytex Energy Trust and Progress Energy Trust. (Calgary Herald)
Big firms score on royalty change Apr 12, 2008
While ultradeep wells can be extremely profitable, they are expensive to drill and the likelihood of striking commercial gas is only around 20 per cent. Consequently, the exploration risk is generally taken on only by well-heeled companies such as Talisman Energy Inc., the major player in the Deep Foothills basin. Talisman slashed its $400-million deep-drilling program for 2008 by one-third in response to the royalty scheme announced last fall. (Globe and Mail -- Business)
Gas find may spur drilling in Quebec Apr 3, 2008
As well as juniors like Junex, Calgary-based independent Talisman Energy Inc. also holds substantial acreage in Quebec, and the firm has said that it plans to begin exploration in the region this year. While it is "still early days in the play the resource potential [for Talisman] is huge," said Tristone Capital analyst Chris Theal in a research note. (Globe and Mail)
Turnaround time for Talisman Mar 31, 2008
Talisman Energy Inc. looks poised to finally unveil its long-awaited new strategy - and the news could finally shake the company's stock out of its two-year doldrums ... Talisman Energy Inc.. (Globe and Mail -- Business)
Commodity gains push up the TSX Mar 27, 2008
4 per cent. Talisman Energy Inc. was up 88 cents, or 5. 3 per cent, to $17. (StarPhoenix)
Stocks Bounce as Commodities Rise Mar 26, 2008
Free Preview - WSJ.com. The recovery of international commodities prices helped push Americas markets higher Tuesday. (Wall Street Journal)
EnerVest Natural Resource Fund Ltd. Announces Financial Results for the Year Ended December 31, 2007 Mar 21, 2008
92% ---------------------------------------------------------------------------- Talisman Energy Inc. 4 ... 98% Talisman Energy Inc. 65,000 439,871 1,193,400 4. (CCNMatthews Press Releases)
Marubeni Succeeds in North Sea Oil, Gas Exploration Mar 5, 2008
said Wednesday that its wholly owned British gas development unit, Marubeni North Sea Ltd., and a Canadian company have succeeded in their joint exploration of a oil and gas field in the North Sea off Britain (JCN Network, Japan)
Japan's Stocks Slump on Decline in Capital Spending, Mortgage Loss Concern Mar 5, 2008
The Tokyo-based company and Canada's Talisman Energy Inc. found natural gas deposits in the U.K.'s North Sea, Marubeni said today, a site that could hold record reserves, according to the Nikkei English News. Energy was the biggest contributor to Marubeni's profit in the nine months to Dec. 31. (Bloomberg -- Japan)
Talisman to start two oil and gas projects in SEA Mar 1, 2008
SINGAPORE: Canada's Talisman Energy will bring onstream its first Vietnamese oilfield and start gas production on the Northern fields in the Malaysia-Vietnam Commercial Arrangement Area this year, a company official said yesterday. Both projects are delayed slightly from earlier plans but are still expected to start this year. (The Star Online, Malaysia -- Business)
Talisman Fourth-Quarter Profit Rises 9.7% on Lower Tax Rates in Canada Feb 29, 2008
Feb. 28 (Bloomberg) -- Talisman Energy Inc., the worst performer among Canada's nine biggest energy companies last year, said fourth-quarter profit rose 9. 7 percent as the company benefited from a reduction in Canadian tax rates. (Bloomberg -- Canada)
Talisman profit hits $2.08-billion record for the year Feb 28, 2008
CALGARY Talisman Energy Inc. says its fourth-quarter profit rose to $656-million from a year-earlier $598-million, while full-year profit hit a record $2. 08-billion boosted by asset sales. (Globe and Mail -- Business)
Talisman Energy Inc. - 2007 Year End Results Webcast - February 28, 2008 Feb 26, 2008
CALGARY, Feb. 26 /CNW/ - Notification of 2007 Year End Results Webcast event: Talisman Energy Inc. (TSX: TLM.) (NYSE: TLM) 2007 Year End Results Webcast February 28, 2008, 1:00 PM ET To listen to this event, please enter in your web browser. To participate in the conference call, please contact the Talisman Energy conference operator at 10:50 a.m. MST (12:50 p.m. EST), 10 minutes prior to the conference call ... For further information: Talisman Energy Inc., David Mann, Senior Manager, Corporate... (Canada Newswire)
Natural gas sector shows recovery signs Feb 21, 2008
Low prices have pushed major producers such as EnCana Corp., Canadian Natural Resources Ltd., Talisman Energy and Husky Energy Inc. to slash millions of dollars of spending on conventional gas exploration since 2006. Over the longer term, gas prices could benefit from stronger demand. (Globe and Mail -- Business)
Canadian Stocks Fall, Led by Barrick, Goldcorp; Canadian Oil Sands Slides Feb 13, 2008
Canadian Oil Sands Trust and Talisman Energy Inc. led fuel producers lower as gasoline, natural gas and heating oil slipped ... Talisman Energy, a Calgary-based producer of oil and natural gas, fell 27 cents to C$15. (Bloomberg -- Canada)
Oil paintingsArtwork about the North Sea offshore industry goes on show Feb 10, 2008
" The event is being supported by Talisman Energy (UK), a long-standing partner of the artist's efforts. John Forrest, Talisman's general manager for the Flotta catchment area, said: "I very much hope that the people of Orkney will take the time to view Sue's work, which is an evocative study of our industry and its people. " The Pier Arts Centre - which re-opened last summer after a 4.5m upgrade - won the UK's largest architecture prize last November, the 25,000 Royal Incorporation of... (BBC News -- UK)
Stelmach Calls Election in Alberta for March 3 to Win Mandate From Voters Feb 5, 2008
4 billion a year beginning in 2010, prompting some producers such as Talisman Energy Inc. to scale back expansion plans. Oil and gas account for about a third of the government's revenue. (Bloomberg -- Canada)
China's CNOOC says 2008 oil, gas output to rise while capital spending to climb 44 percent Jan 30, 2008
06 percent interest in Indonesia's Tangguh liquefied natural gas project to Canada-based Talisman Energy Inc. for $212. 5 million. (San Diego Union-Tribune -- Business)
Talisman may not be finished with asset buys yet Jan 29, 2008
CALGARY, Alberta, Jan 28 (Reuters) - Talisman Energy Inc (TLM.TO: , , ), which has already made two acquisitions this year, could be making more in the coming months as Canada's No. 3 independent oil explorer hones its operations, analysts said on Monday. Deals are expected to be aimed mostly at bolstering the company's three main operating regions, North America, the North Sea and Southeast Asia. (Reuters)
Talisman Buys 3.06% of Tangguh LNG Project From Cnooc for $212.5 Million Jan 29, 2008
Jan. 28 (Bloomberg) -- Talisman Energy Inc. bought a stake in Indonesia's Tangguh liquefied natural gas project from Cnooc Ltd. for $212. 5 million, settling a lawsuit over a stake in the $6. (Bloomberg -- Canada)
CNOOC Ltd. Ink A Deal with Talisman on Tangguh LNG Project Jan 28, 2008
HONG KONG, Jan. 27 /Xinhua-PRNewswire-FirstCall/ -- CNOOC Limited (NYSE: CEO; SEHK: 883, "the Company") announced today, it has reached agreement with Talisman Energy Inc. to sell a 3. 06% working interest in the Tangguh LNG Project with a consideration of US$ 212. (PR Newswire)
Talisman buys into Indonesian project Jan 28, 2008
CALGARY Talisman Energy Inc. is paying $212. 5-million (U.S.) to China National Offshore Oil Corp. for a 3. (Globe and Mail -- Business)
China's CNOOC sells 3.06 pct stake in Tangguh LNG to Canada's Talisman Jan 28, 2008
BEIJING (XFN-ASIA) - CNOOC Ltd, the Hong Kong-listed arm of China's largest offshore oil producer, said it has agreed to sell to Canadian oil and gas producer Talisman Energy Inc (TLM) a 3. 06 pct stake in Indonesia's Tangguh liquefied natural gas project. (Forbes)
HK shares drop on US worries Jan 28, 2008
06 per cent interest in Indonesia's Tangguh liquefied natural gas (LNG) project to Canada's Talisman Energy for $US212. 5 million, it said in a statement on Monday. (Sydney Morning Herald -- Business)
What the firms and agencies have achieved Jan 26, 2008
SUE WILLS Programme Co-ordinator (Government nity relations) Talisman Energy. IN THE past two years, there has been a major interest in CR and it is heading in the right direction. (The Star Online, Malaysia -- Business)
Resources lead TSX up Jan 25, 2008
Talisman Energy Inc. gained 68 cents, or 4. 3 per cent, to $16. (Montreal Gazette)
Alberta puts royalty relief on the table Jan 21, 2008
These wells produce large volumes of natural gas, accounting for the majority of the province's gas royalties, and have been the main area of cutbacks by firms such as EnCana Corp. , Canadian Natural Resources Ltd. and Talisman Energy Inc. after the province announced increased royalties. The government of Alberta is prepared to continue to work through January on economic issues related to four categories of wells that could potentially be addressed, Energy Minister Mel Knight wrote in a... (Globe and Mail -- Business)
