Showing posts with label TLM. Show all posts
Showing posts with label TLM. Show all posts

Friday, December 26, 2014

Talisman Energy May Struggle Next Year Despite Exploration Success

This article was first published by TheStreet on November 28, 2014.
By Sarfaraz A. Khan
NEW YORK (TheStreet) -- Oil producers have been focusing on preserving their financial strength in order to prepare for what could be a tough crude pricing environment next year. Even so, Canada's Talisman Energy (TLM) could struggle beyond pricing as it does not generate enough cash to meet its capital requirements.
Talisman operates in several oil and gas producing regions of Canada, South America and Asia Pacific where it has been reporting exploration success. Last week, Talisman and its Colombian partner Ecopetrol (EC) reported their second oil find in Colombia after a gap of nearly four years.