Alberta vows to defend against U S gas action
Energy Minister Pat Black says Alberta will resist U S regulatory moves affecting pipeline tolls and gas expansion. She cites FERC proposals favoring rolled in tolls up to five percent, warning that higher increases or incremental charges could curb expansion and hurt producers and pipelines. Black will meet with U S agencies in San Francisco later this month to press Alberta positions.
MENTIONED IN THIS ARTICLE
Black
U.S
Dave Obee
Calgary Herald
Pat Black
Alberta
United States
Federal Energy Regulatory Commission
Washington, D.C
The
Regulatory Commission
California Public Utilities Commission
U.S. Department of Energy
Energy Foundation
San Francisco
North America
FERC
Lotus shares surge after IBM bid on Lotus buyout
Lotus Development stock and call options traded heavily after IBM launched a surprise 60 a share takeover bid. Friday’s session saw Lotus as the Nasdaq’s second most traded issue with a 32.50 close, volume 3.8 million. Analysts attributed the activity to speculation on cost cuts and earnings impact, noting no specific report. A $3,250 option purchase would have grown to 6,144 by Monday’s close, a $2,894 gain.
MENTIONED IN THIS ARTICLE
Washington
Lotus Development Corp
Lotus
International Business Machines Corp
Chris Galvin
Hambrecht and Quist
San Francisco
American Stock Exchange
Frank Michnoff
Donaldson Lufkin
Jenrette Securities Corp
New York
Michnoff
May auto sales slip in Canada as Ford stays strong
Canadian auto sales fell 7.0 percent in February and then tumbled through March and April. May totals for the Big Three and importers reached 121,664 vehicles, down 79 percent from May 1994, with Ford Canada reporting a 66 percent drop yet a record truck month. PanCanadian Ventures bought 75 percent of National Gas Electric to push US gas sales south of the border. Beau Canada Exploration paid 16.5 million for Ausquacan Energy, boosting quarterly output to about 6,200 barrels per day, while Jaguar Petroleum agreed a tentative deal to buy IMS Petroleum.
MENTIONED IN THIS ARTICLE
Toronto
Ford
Ford Motor Co
Canada
Calgary Herald
PanCanadian Petroleum Ltd
Calgary Oil Company
PanCanadian Ventures Inc
National Gas Electric L.P
Houston
Ng&e
Glasgow Inc
National Material L.P
U.S
North America
Beau Canada _ Exploration Ltd
Ausquacan Energy Ltd
Arivate Oil Company
Allas
Texas
Beau Canada
Alberta
Jaguar Petroleum Corp
IMS Petroleum
Toronto and New York stock markets slide at noon
Toronto Stock Exchange composite index dips 0.28 to 4484.27 as volume reaches 26.8 million shares. Declines beat advances 259 to 221 with 307 unchanged. gold and silver lift 128.35 to 10374.39 while Communications leads losses. Major names move in varied directions, including Loewen Group down to 481/4 and Barrick Gold rising to 34. First Dynasty and Pengrowth also show notable shifts.
MENTIONED IN THIS ARTICLE
Toronto
New York
Loewen Group
Seagram Co
Colt Com
Vancouver Market Takeup on Active Vancouver Stock Exchange
Vancouver prices rose in early trading on the Vancouver Stock Exchange with volume at 6.39 million shares. The VSE index stood at 807.54, up 0.10 from Tuesday, as Al North Resources led activity and Coral Gold slipped to 1.15 while Multiplex Technologies climbed to 23 and Starcore Resources fell to 1.30.
MENTIONED IN THIS ARTICLE
Vancouver
Vancouver Stock Exchange
Al-North Resources
Goldnev Resources
Asia-Pacific
Arlo Resources
NDT Ventures
Starcore Resources
Oi Oi & Gas
Montreal stock prices mixed on Montreal Exchange
Montreal stock prices were mixed as the portfolio index rose 17.4 to 2213.7 on active trading of 12.39 million shares valued at 256 million dollars. Oils banks and industrials advanced while utilities and forest products slipped. TransCanada led activity at 18 dollars with 811,260 shares.
MENTIONED IN THIS ARTICLE
Montreal
Montreal Exchange
TransCanada
Maatadhvere
Sage Mit
John Labbatt
Alcan Aluminium
United Dominion
Bombardier B
Bank of Montreal
Thomson Inc
Edmonton livestock receipts show steady feeder market and mixed cattle prices
Edmonton Stockyard Inc reports 600 cattle and calves and 50 hogs sold by 11 am with no sheep. Feeder steers and heifers hit wide ranges as market remains steady with slight cow trade gains. Hog data from Alberta Pork Producers' Development Corp shows 9,182 hogs sold at 1.38 per kg, plus sow breakdowns and total 9,283 head.
MENTIONED IN THIS ARTICLE
Edmonton (Cp
Edmonton Stockyard Inc
Alberta Pork Producers’ Development Corp
Oil quotations New York AP report on Tuesday trading
Petroleum prices eased in a quiet session with crude and Brent futures quoted lower. The New York Stock Exchange saw 148.9 million shares traded, down from 164.59 million on Tuesday, leaving the NYSE composite index down 0.93 at 97.30.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchanges
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IBM
St Clair
StiGlair
HitHide A
S wRibes
Woods
Se Clair Stainmaster
Medicine Hat
Dunmore Rd
S.E
Thurst
Jay
Ottawa
Bank of Canada
Ceara
RBC Dominion Securities
ASK Ee
CanAirlines
Cfraemstr
Wear Caes
CIBC
Nat Resee Oe
CP Ltd Ee
Ctire Aee
Eenanaee Eeseane Sete
Neene
Canfor Ee
Royal Bnk
Telus
Tore Seresane
TrCan
Wascana Ee
Toronto Stock Exchange Today
Magna International A
Imax
Newbridge Networks
Arbor Memorial B
BioChem Pharma Inc
Cinar Films B
Diamonds Fields
First Dynasty
Barrick Gold
Placer Dome
Ekjorado Com
Montreal Stock Exchange
Edmonton Livestock Report
Brent Sperbbitob
Slope del
US Gulf Coast
NYSE
Wall Street
Mew Jones
Tribune Media Services, Inc
Albert's
Kingsway S.E
Dan Taylor
Taylor Clayworks
Jay Merkel
Greentree Better Health Centre
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