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Talisman to sell some B.C. gas lands to Progress Energy for $1.5 billion cash

Talisman Energy Inc. has reached a deal to sell its interests in two B.C. natural gas partnerships for $1.5 billion in cash.

CEO Hal Kvisle is seeking to sell $2 billion to $3 billion in assets to reduce debt and focus on the Americas and Southeast Asia.

Analyst says the company is already transitioning toward a North America, Asia focus.

Carl Icahn, Talisman Energy : In a 13D just filed with the SEC, Carl Icahn has reported a 5.9% stake in Talisman Energy Inc. .

Carl Icahn, Talisman Energy : In a 13D just filed with the SEC, Carl Icahn has reported a 5.9% stake in Talisman Energy Inc. .

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