This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
West Texas Intermediate crude for May delivery gained 32 cents to $67.39 on the New York Merc, while Brent for June gained 56 cents to $72.58 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to WTI ($50.59), unchanged. Natural gas for May gained five cents to $2.74. The TSX energy index gained 2.11 points to 191.91.
Scott Saxberg's Crescent Point Energy Corp. (CPG) gained three cents to $10.02 on 6.52 million shares after slamming its dissident shareholder, Sandy Edmonstone, describing him as a man "associated with negativity." This description is a play on the name of Mr. Edmonstone's Cation Capital; the word cation (pronounced cat-ion) is a chemistry term for positively charged ions. Mr. Edmonstone calls his Cation Capital an investment firm, but Crescent Point calls it a shell company, pointing out that it was incorporated only two weeks ago. Mr. Edmonstone holds 702,471 or 0.1 per cent of Crescent Point's 546 million shares.
The remainder is available to Stockwatch subscribers.
© 2018 Canjex Publishing Ltd. All rights reserved.