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July 29, 2014
05:43 EDTTLMTalisman Energy reports Q2 EPS (23c), consensus 6c
Reports Q2 revenue $1.24B, consensus $1.33B. Reports Q2 cash flow per share 55c. Talisman's North American operations delivered total production of 177,000 boe/d. Production from ongoing operations was 169,000 boe/d, reflecting the completed Monkman asset disposition and the previously announced disposition of the Ojay assets, expected to be completed in the third quarter. On a like-for-like basis, this represents an 18% increase year-over-year and a 7% increase from the previous quarter. Netbacks in North America grew 36% and cash flow grew approximately 40% year-over-year.
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March 18, 2015
12:15 EDTTLMTalisman Energy to cut 150-200 employees, WSJ reports
Talisman Energy (TLM) will cut its workforce by 150-200 employees, or about 10%-15%, in response to lower oil prices, The Wall Street Journal reports, citing a company spokesperson. In addition, Talisman, which is in the process of being acquired by Repsol (REPYY), is cutting its 2015 capital program to $2.1B, a 30% reduction from 2014 spending and lower than its prior 2015 forecast of $2.7B. The job cuts are mainly at Talisman's head office in Calgary and are not related to the Repsol takeover. Reference Link

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