Shares in Tourmaline Oil Corp. tumbled by as much as 16 per cent on Thursday morning after it missed second-quarter expectations and warned it expects to produce fewer barrels of petroleum liquids and more dry gas this year. The Calgary-based…
Tag: Investing
Alberta oil and gas CEOs say combination of high dividend yields and sliding shares are spooking investors
Mid-sized Alberta oil and gas producers say their share prices have fallen so low that investors are starting to worry their rising dividend yields are becoming unsustainable. The irony is that his Calgary-based company has no intention of reducing its…
Aurora Cannabis cuts quarterly loss to $158M while growing sales to new high
Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for the first three months of 2019 compared with the last quarter of 2018. The Edmonton-based company credited higher production and sales…
Alberta Securities Commission warns of scheme that targets money-losing investors
The Alberta Securities Commission is warning investors to steer clear of an organization that offers to help recover funds lost in high-profile failed investments but appears to be more focused on pocketing victims’ enrolment fees. The provincial regulator says Global…
Trading in MEG mixed after company rejects hostile takeover bid by Husky Energy
MEG Energy Corp. shares rose and fell in choppy trading Thursday after it formally rejected a $3.3-billion hostile takeover offer from oilsands rival Husky Energy Inc. The target company said after markets closed Wednesday that the Husky offer is opportunistic…
MEG shares soar as analysts predict Husky will strengthen hostile takeover offer
Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride to its…