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Layoffs at Talisman Energy (TLM -1.3%) could be a harbinger of pain ahead for other Canadian gas...

Layoffs at Talisman Energy (TLM -1.3%) could be a harbinger of pain ahead for other Canadian gas producers grappling with low commodity prices. Western Canadian gas production has fallen to ~13B cu. ft./day from 17B a decade ago, Ziff Energy's Edward Kallio says, "and it's going to get worse." Encana (ECA -1.5%) will be next, he says: “They can’t make money at these prices in the basin.”
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