Petro-Can sale priced right could draw strong interest
Analysts and fund managers say Canada’s $2.23 billion Petro-Canada stake will sell if priced and timed well. Investors already bid up shares of Suncor in a recent discounted issue, with instalment payments replacing full upfront cost and delivering immediate dividends. European buyers show strong interest, Banken Venobel’s Amgwerd notes.
MENTIONED IN THIS ARTICLE
Alan Boras
Calgary Herald
Petro-Canada
David Taylor
Altamira Investment Services Inc
Ottawa
Thomas Amgwerd
Bank
Ventobel
Zurich
U S economy slows as retail sales rise little
The Commerce Department reports May retail sales up 0.2 percent to 192.9 billion dollars after April's 0.3 percent drop. The Labor Department says consumer prices rose 0.3 percent with core inflation at 0.2 percent, the slowest in five months. Analysts see progress toward a soft landing but slowdown may be more abrupt than Fed desires.
MENTIONED IN THIS ARTICLE
Washington
Reuter
U.S
Commerce Department
Labor Department
Federal Reserve
Innovative oil test stalls at Moose Mountain discovery
Rigel Energy Corp and Husky Oil Ltd report failed experimental testing of a two year old Moose Mountain oil discovery west of Calgary. No pressure or volumes measured. may seek Alberta Energy and Utilities Board approval for a conventional test. Original budget 25 million dollars, costs now about 30 million as delays persist. Two thirds of the find owned by Slusky, one third by Rigel, with potential still described as commercial but size unclear.
MENTIONED IN THIS ARTICLE
Alan Boras
Calgary Herald
Moose Mountain
Calgary
Alberta
Don West
Rigel Energy Corp
Kananaskis
West
Rigel
Husky Oil Ltd
Alberta Energy and Utilities Board
Husky
Jim McFarland
McFarland
Slusky
Blue Jays could take years to sell
Interbrew says it plans to unload Labatt non brewing assets after a $2.7 billion bid for Labatt. If shareholders accept by July 27, it will seek to sell the Jays but not at current prices. Bruce MacLellan notes no timeline, aiming for higher value possible after this season.
MENTIONED IN THIS ARTICLE
Toronto
Toronto Blue Jays
Jays
Interbrew S.A
John Labatt Ltd
Labatt
Toronto Argonauts
Sky Dome
Interbrew
TSN
Discovery
Bruce MacLellan
MacLellan
Blue Jays
Howie Starkman
Toronto and Vancouver stock markets rise amid mixed volumes
At noon Toronto’s TSE 300 index rose 10.70 to 4505.0 on 24 million shares as 288 stocks advanced and 216 declined, with gold and silver leading gains while consumer products fell. Vancouver’s VSE traded actively with 4.48 million shares, 101 up, 86 down, 133 unchanged, led by Goldner Resources and Archon Minerals alongside other miners and venture equities.
MENTIONED IN THIS ARTICLE
Toronto
New York
Co-Steel Inc
Algoma Central
Vancouver
Vancouver Stock Exchange
Goldner Resources
PCS Wireless
Leicester Diamond
Incontext
Equites
Archon Minerals
Starcore Resources
Golden Dragon
Hecla Mining
Fairhaven Fed Venture
Wanants
RBC
Financial Services
Dow Jones
Canada
TSE
Dominion Securities
SOO
CHG
ASK
Acen Ha Bok
PRG Wa
Abe Hed
Cee
Bell
Alt Energy Eers
Bk Mtl
Bk NS Sar Een
CanAiriines Ee A Ee
Cameco Peewee Ener E Eens
Nat Resee
CP Ltd
Eee
Ctire A Ce Ey
Cutil Pearse Ren SS Sre Telat Eso
Canfor
Sewer Meee
Grp
Bete Eet
See
Noranda Tee
Norcenee
Nova Cor Femme
Emer
Neres
Nowsco Saba
Petro
Poco Pete i
Ea Conserence
Renisanc
Ee Eee
Meta Enews
Royal Bnk Band
Talisman
Eee Ee Eee
Telus Cor Some Rae
Winnipeg grain report shows gains across Canola and cereals
Oilseeds rose on strong domestic demand and Chicago soy gains with Aug and Nov contracts rallying. Wheat and barley hit seasonal highs amid heavy grain company buying and short covering while flax and oats advanced. extensive trade in canola, feed barley, and wheat volumes noted.
MENTIONED IN THIS ARTICLE
Winnipeg
Chicago
Winnipeg Commodity Exchange
Canola
Domestc Feed Barney
Western Barney
Stock indexes edge higher as volume declines
The Dow Jones Industrial Average rose but key stock market data show lighter trading. The New York Stock Exchange saw 138.39 million shares change hands, down from 146.53 million on Wednesday, while the NYSE composite and the S&P 500 gained modestly.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Standard & Poors
Also Mentioned on This Page
Suncor Inc
Gerry Henderson
Gary McKinnon
U.S.S. Enterprise
Vulcan
Caly
McKinnon
Cancarb Limited
Opel Cancarb Limited
Cancarb
Medicine Hat
Air and Water Approvals Division of Environmental Protection Services
Alberta Department of the Environment
Brier Park Crescent
N.W
Cancard
Bob Hale
Tom Beach
Medicine Hat Travelodge
Kodiak Room
Redcliff Drive
Concord Limited
Medicine Hat and Area City Hall
1St Street
S.E
Abarta Transportation and Utilities
Toronto Stock Exchange Today
BioChem Pharma
CT Financial Sermwaes
Euro-Nevada Mining Com
Placer Dome
Barrick Gold Y
Diamond Fields Resources
Adnan Resources
Winnipeg Grain Report
NYSE
Tribune Media
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