Past year: ▲ 0%(68.00 – 68.00 USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Jan 2016material agreement● Neutral
The company filed a certificate and articles of amendment changing its name from Talisman Energy Inc. to Repsol Oil & Gas Canada Inc., dated January 1, 2016. This completes the rebranding that followed the Repsol acquisition effective May 8, 2015. The filing states only the name change and no other changes to the articles.
15 May 2015material agreement● NeutralMajor
Talisman filed articles of amendment dated May 12, 2015, four days after the Repsol arrangement took effect, converting all outstanding Series 1 preferred shares into common shares one-for-one. It also removed the Series 1 and Series 2 preferred share series from the company's authorized shares entirely. The filing does not say why, or give any payment to preferred holders. It follows the arrangement completed May 8, 2015, and ends the Series 1 preferred shares as a separate class.
15 May 2015business combination● NeutralMajor
Talisman filed the Certificate and Articles of Arrangement showing the Repsol takeover took effect on May 8, 2015, as scheduled. Under the plan, each common share receives $8.00 and each Series 1 preferred share receives Cdn. $25.00 plus accrued unpaid dividends; the preferred payout applies only if the Preferred Share Acquisition Condition is met (preferred holders approve and dissent is limited to 10% or waived). The buyer is Repsol, S.A. through its subsidiary TAPBC Acquisition Inc., under an agreement dated December 15, 2014. The filed text is truncated, so the mechanics of how shares are transferred are not visible.
7 May 2015business combination● NeutralMajor
Talisman filed governance and executive pay disclosure that would normally go in a proxy circular, because it will not hold an annual meeting. This is due to a Repsol subsidiary (AcquisitionCo) acquiring all of Talisman's shares under an arrangement agreement with Repsol S.A., scheduled to complete May 8, 2015. Talisman will remain a reporting issuer in Canada after completion. This is the filing that sets up the Repsol takeover which later led to the Repsol Oil & Gas Canada name; the filing itself does not state the price or what shareholders receive.
4 Nov 2014drilling result▲ Good
Talisman filed a cover form for its third-quarter 2014 results. The text provided contains only the cover page and signature, and the headline says cash flow was $507 million and drilling results were positive in the Duvernay, Colombia and Vietnam; no further detail is in the text supplied.
7 May 2012dividend declaration● Neutral
Talisman declared a semi-annual common dividend of US$0.135 per share, payable June 29, 2012 to holders of record May 25, 2012. It also declared a quarterly dividend of C$0.2625 on its Series 1 preferred shares, payable July 3, 2012. The common dividend is now stated in US dollars, whereas the 2010 dividend was C$0.125; the filing does not say why.
22 Feb 2012joint venture update▲ GoodMajor
Talisman agreed to bring Mitsubishi Corporation into nine of its onshore Papua New Guinea licences through a farmout effective January 1, 2012, valued at about US$280 million and paid as a capital carry (not cash to Talisman, as described). After the deal Talisman would hold an average 40% and Mitsubishi 20% in those licences; it needs government and partner approvals. It builds on the Papua New Guinea land position noted in the 2009 annual report, and a four-well drilling program is planned for 2012.
12 Oct 2010business combination▲ GoodMajor
Talisman agreed to a 50/50 joint venture with Statoil to buy 97,000 net acres of Eagle Ford shale in south Texas from Enduring Resources for US$1.325 billion in total. After Statoil buys half of Talisman's existing 37,000 net acres, Talisman's net cost is about US$485 million and it will hold about 70,000 net acres. Closing is expected by year end, subject to regulatory approvals. This extends the 2010 shale push (Marcellus, Montney) described in the 2009 annual report.
6 May 2010dividend declaration▲ Good
Talisman declared a semi-annual dividend of C$0.125 per share, an 11% increase from the previous semi-annual dividend. It is payable June 30, 2010 to shareholders of record on June 4, 2010.
25 Mar 2010regulatory community update● NeutralMajor
Talisman filed its 2009 annual report. Cash flow was C$3,961 million, down 36% from 2008, which the report attributes mainly to low commodity prices. Net income was C$437 million versus C$3.5 billion in 2008. About C$2.7 billion of non-core asset sales cut net debt to C$2.1 billion from C$3.95 billion, and production was 425,000 boe/d. The report describes a push into North American shale (Marcellus and Montney), a new Papua New Guinea land position, and a planned capital spending increase of almost C$1 billion in 2010. Shares outstanding were 1,019 million.
25 Mar 2008regulatory community update● NeutralMajor
Talisman filed its 2007 annual report summary and related reports. John Manzoni was appointed President and CEO, succeeding Dr. Jim Buckee, who had led the company since 1992. Net income was a record C$2.1 billion but earnings from continuing operations were C$978 million, down from C$1,501 million in 2006. Production fell to 452,000 boe/d, 7% below 2006, which management attributes to asset sales, reduced North American capital spending and North Sea project delays. The company sold a further 28,000 boe/d of non-core assets and bought back C$951 million of shares, leaving 1,019 million shares outstanding. A strategic review was initiated.
29 Mar 2007regulatory community update▲ Good
Talisman filed its 2006 annual report summary and corporate responsibility reports. The summary reports 2006 net income of C$2,005 million, cash flow of C$4,748 million, production of 485,000 boe/d, and 1,064 million shares outstanding at year-end. It also says the dividend rose 32% to 15 cents per share, about 51 million shares were bought back for C$958 million over the 12 months to Feb 28, 2007, and about 57,000 boe/d of non-core assets were planned for sale. It confirms the three-for-one split was effected in May 2006.
15 May 2006material agreement● NeutralMajor
Talisman Energy (the company that was later renamed Repsol Oil & Gas Canada) filed a certificate showing its articles were amended on May 9, 2006 so that each issued common share became three common shares. This is a three-for-one share split; the filing does not state the reason.
