Energy shares rise as oil and gas pricing talks near
The Toronto stock market saw oil and gas shares surge while other industrial sectors drift. Alfred Bunting and Co. Ltd. chairman William Ried predicts Ottawa and Alberta will soon reach an oil pricing agreement, with a possible June 29 announcement in Toronto. He notes Ottawa seeks continued oil sands development and funding for Cold Lake, but export gas taxes may require more talks. A new oil definition could hinge on oil found after January 1 1980.
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William Ried
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Ried
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Dart Fund Experiment Grows as Brokers Blush in NY
In New York The Daily News Tonight ran a playful contest allocating forty five thousand dollars among four Wall Street experts and using nine darts on the Journal’s quotes to guide investments. With one week left the fund edges ahead of several brokers and rivals while readers follow the evolving portfolios.
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Ray DeVoe
Bruns
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Rea
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