TLM.TSE Talisman Energy Message Board

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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Tomas who wrote (1663)	9/18/2003 9:26:30 PM
From: LARRY LARSON	Read Replies (1) of 1713

LOOKS LIKE SOME OF US WANTED A LARGER DIVIDEND?????? 00:00 EDT Thursday, September 18, 2003 CALGARY -- Talisman Energy Inc. has announced a 33-per-cent increase in its semi-annual dividend, sharing its gains from increased oil and natural gas prices with stockholders. The company will pay 40 cents a share on Dec. 31 to stockholders of record on Dec. 10, Calgary- based Talisman said in a statement. The company previously paid a 30-cent dividend twice a year. Gains in prices have allowed Burlington Resources Inc. and other oil and gas producers to increase dividends, buy back shares and pay off debt. Talisman's second-quarter profit more than doubled, to $201-million, as its average gas price rose 40 per cent from a year earlier. It has said production will increase by more than 10 per cent this year. Shares of Talisman fell $1.11 or 1.7 per cent to $64.21 on the Toronto Stock Exchange yesterday. "I don't think anyone would buy or sell Talisman because of the dividend. You buy it for the production growth," said Stephen Calderwood, an analyst at Raymond James Ltd. in Calgary. He rates Talisman shares a "strong buy" and doesn't own any of the company's stock. © The Globe and Mail

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