Talisman Energy Inc. posted a fourth-quarter loss of $1 billion after recording asset-impairment charges totaling more than $800 million, and said it would continue to shed assets to shore up its balance sheet. The Calgary, Alberta-based natural gas and oil producer said it plans to sell another $2 billion of noncore assets over the next 12 to 18 months, in addition to the more than $2 billion it has already raised from asset sales. Talisman has posted a string of disappointing financial results, hurt in part by an extended gas-price slump, and has been selling off noncore assets to help turn around its operations. “Our objective is to create sustainable value for our shareholders, and we will continue to position the company to achieve this by generating near-term steady cash flow from our best assets in our two core regions,” Hal Kvisle, president and chief executive, said in a […]