The oil and gas may still sell some of its assets, though"probably not of the significance people were expecting," Kvisle told Bloomberg. Repsol was "quite interested in some" of the assets Talisman is looking to sell, the CEO said.
Talisman Energy is looking to sell assets to manage its debt, according to Bloomberg. Repsol reportedly dropped its plans to but Talisman Energy in August to purchase assets from the company instead.
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In the interview Kvisle also said the company may partner with another company to develop assets in the Duvernay shale formation in Alberta. The project will rehire about $20 billion of investment over two decades.
TheStreet Ratings team rates TALISMAN ENERGY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TALISMAN ENERGY INC (TLM) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."