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Talisman Sale Welcomed as Oil Plunge Mutes Expectations

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Hal Kvisle is selling Talisman Energy Inc. for 33 percent less than what it was worth when he took over as chief executive officer, and shareholders are relieved.

After his more than two years trying to boost profit met with upheaval in oil markets, the $8.3 billion sale to Repsol SA will mark Kvisle’s legacy.