Download now: Oil Price Outlook 2024

Talisman Energy (NYSE: TLM) Sells $1.5 Billion of British Columbia Stake

Brian Hicks

Written By Brian Hicks

Posted November 11, 2013

Talisman Energy (NYSE: TLM) sells $1.5 billion of British Columbia stake

Canadian exploration and production company Talisman Energy will be selling a large portion of its acreage in northeast British Columbia to Progress Energy Canada for CDN$1.5 billion.

The sale will encompass approximately 127,000 acres of land in the Farrel Creek and Cypress regions of British Columbia. This represents nearly 75 percent of Talisman’s property in that area. The remaining 48,000 acres that Talisman will keep are its Groundbirch and Saturn properties.

This is part of a wider-flung reduction of assets by Talisman that will be used to shrink the company’s hedging debts.

West Texas Crude Revival

The Bakken region in North Dakota might be the New York City of the American Oil boom, but West Texas might just be the Chicago. Find out where there are huge opportunities in Texas, and how you might be able to snag a piece of it.

Angel Pub Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.