Mannville Surrenders To Gulf Bid In Hostile Takeover
Mannville Oil and Gas Ltd. yields to Gulf Canada Resources Ltd. after failing to find a competing bid for Gulf’s 138 million takeover offer. Mannville hopes a white knight may appear before the June 20 deadline as directors acknowledge no rival proposal is on the horizon. Summit Resources signs a major U S partner to aid seismic work amid vast land holdings while Pan East Petroleum reports a hot natural gas discovery in Alberta, fueling exploration excitement.
MENTIONED IN THIS ARTICLE
Calgary
Mannville Oil and Gas Ltd
Gulf Canada Resources Ltd
Summit Resources Ltd
U.S
New Oil Co
Houston
Summit and Partners
Summit
Summit Aig Partners
Jordan Oil and Gas Co. L.P
Ane Armstrong Corp
T. Keith Marks
Shell
Pan East Petroleum Corp
Alberta
Rene Levesque
Fox Valley
Toronto market totals near noon on brisk trade
Toronto and New York stock markets posted gains with the TSE 300 index up 9.84 to 4,535.11 as 16.1 million shares traded. Advancers beat decliners 270 to 204 with 273 unchanged. gold and silver leading gains while Transportation dropped. Industrials and oils showed mixed moves in midday trading.
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RBC Dominion Securities
Mines and Minerals
Dow Jones
Canada
Enter
Ene
Senter
Ereer Eden Senene
Or Dominion Securities
ASK
Aircon Reed Ene Nere
Rece
Terete Ate
Mt Deedee Ee
Bk NS Ee
CanAirlines Ee
Cfraemstr Weeden Ee
Dbc Deere Eee
Inv Grp
Pere Renee Ene
Sewer Emeee
Nova Cor Center
NS Power
Petro Cdn Ee
Mentee Enna
Ptash Corpetee
Preesa D Eee
Sears Can
Keene Wee Fame
Tor Dm Bnk
Wascana Poets Eee
Toronto
New York
Agnum Inc
Plaintree Systems
Vancouver Stock Exchange gains as index rises
Vancouver prices advance on the Vancouver Stock Exchange with an 2.63 point rise to 818.28 while 4,381,711 shares traded. PCS Wireless leads activity though down 0.16 to 2.94 on 146,100 shares and West pine Metals tops venture volume as 579,500 shares move.
MENTIONED IN THIS ARTICLE
Vancouver
Vancouver Stock Exchange
PCS Wireless
Centonia Resources
St Philips Resources
Solomon Resources
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Dustin Blum
Rob Jesney
Safecarts Way
Medicine Hat
Frank Webber
Sprint
Unitel
Eagt
AGT
Bell
AGT Limited
Canada Direct
Teleglobe Canada Inc
Toronto Stock Exchange Today
Biovail Corp. International
Invemower
West Fraser Timber
Franco-Nevada Mining Corp
First Dynasty
Ariel Resources
Diamond Fields
Gibraltar Mines
Hemlo
Methanex Corp
Pengrowth Gas U
Summit Resources
Ocelet Energy
Canadian Natural Resources
Elan Energy
Westpine Metals
International Enexo
Dragoon Resources
International Thunderbird
East Africa
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