Talisman Energy To Unload Another $2B In Assets

Law360, New York (February 12, 2014, 1:50 PM EST) -- Having just shed $2.2 billion in noncore assets in 2013, Canadian oil and gas company Talisman Energy Inc. said Wednesday that it wanted to sell another $2 billion in assets within the next 18 months in order to streamline and strengthen its balance sheet.

Talisman, which also announced $1 billion in losses in 2013, said it would slim its portfolio by unloading noncore assets that require a lot of capital investment in order to generate cash.

The already-completed asset sales will shrink Talisman's overall oil and...
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