Talisman Energy (NYSE:TLM): Current price $12.51
The layoffs at Talisman announced Wednesday point to the dramatic fall of a top segment of Alberta’s oil and gas industry, while perhaps being a harbinger of additional difficulty for producers dealing with low commodity prices. The company has slashed its 2013 capital budget by 25 percent to $3-billion and intends to raise around $500 million this year through asset divestitures and joint ventures. At the same time, 90 employees in its Calgary office are being let go because of low North American gas prices and spending cuts.
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