Capital Markets | Capital Expenditure
Talisman Energy 2012 Capital Plan
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Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has announced its capital spending plans for 2012. The company expects to spend slightly over $4 billion this year, a decrease of approximately $500 million over 2011, although it will increase spending on liquids opportunities within the portfolio. Talisman will release its year-end 2011 results on February 15. All values in this release are in US$ unless otherwise stated.
"Our plans for 2012 have been shaped by low North American natural gas prices and a cautious view of the economic landscape in general," said John A. Manzoni, President & Chief Executive Officer. "Fortunately, our portfolio provides lots of optionality. At the same time as we trim short-term capital spending, we are investing more into profitable liquids projects, and…
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