Sale of Talisman Energy Assets Lifts Company to Report Quarterly Profit

The Financial Post reported that Talisman Energy Inc reported quarterly gains based on asset sales, and is considering divesting some natural gas reserves in North America because of weak gas prices.

As quoted in the market report:

The company said last month it plans to cut by a fifth its annual general and administrative costs of $1.3 billion and exit less-profitable operations. Talisman lowered its 2013 capital budget by a fourth to about $3 billion.

To view the whole Financial Post report, click here.