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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 19, 1981
Page
6
Investors weigh the potential benefits of the new energy policy as they assess its impact on prices, market access, and project pipelines in the regional energy sector. Analysts note policy signals favor renewables and gas, with implications for Alberta-based firms and lenders.
The national energy program draws critics yet creates chances as investors anticipate corporate moves. Union Oil Co. of Canada shareholders rose about 62 percent to 61.50 after a bid of 65 for unowned shares, while HBOG jumped roughly 16 percent on related fears and signals.
The New York firm Bache Halsey Stuart Shields Inc projects long term gains for gold and silver despite near term weakness. It cites lower inflation expectations, rising U S rates and a strong dollar as headwinds, with possible upside from rate cuts, Europe recovery, tax cuts and higher oil prices. Silver noted as an industrial metal could rise with demand amid recovery and inflation.
Vancouver markets show scattered activity with prices and changes across numerous stocks. Leaders include Aero Ajayres Amca and Anchor with various highs and lows, while late quotes reveal declines for several names and mixed volumes across the list.
Financial page lists numerous securities with bid prices and latest, including AMCA Int, Acklands, Albany, Alcan, Algoma, Am Eagle, Argus, Asbestos, Astral, Atco, BC Sugar, Bell Canada, BC Rail, Canfor, Cancom, Canforp, Cenpak, Dome Mine, Nor West, Stelco, Suncor, Petro and many others. quotes show high, low, and net changes along with indices and currencies for noon EDT.
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