TORONTO 鈥� Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (22,290.62, up 31.15 points):
Enbridge Inc. (TSX:ENB). Energy. Up 44 cents, or 0.88 per cent, to $50.58 on 18.8 million shares.聽
Toronto-Dominion Bank. (TSX:TD). Finance. Up 84 cents, or 1.12 per cent, to $75.97 on 9.9 million shares.聽
Manulife Financial Corp. (TSX:MFC). Down 15 cents, or 0.45 per cent, to $33.27 on 7.6 million shares.聽
Royal Bank of Canada. (TSX:RY). Finance. Down 49 cents, or 0.35 per cent, to $138.65 on 7.2 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 31 cents, or 0.58 per cent, to $53.44 on 5.2 million shares.聽
Baytex Energy Corp. (TSX:BTE). Energy. Down three cents, or 0.59 per cent, to $5.07 on 5.0 million shares.聽
Companies in the news:
MEG Energy Corp. (TSX:MEG). Energy. Up three cents, or 0.10 per cent, to $31.59. The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for "years" to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. Canadian heavy oil has historically sold at a discount to lighter U.S. crude, in part due to differences in product quality and transportation costs, but also due to a lack of pipeline export capacity that has limited market access for Canadian oil. MEG is one of the main beneficiaries of the Trans Mountain expansion, with 20,000 barrels per day of contracted capacity on the pipeline. MEG Energy Corp. said it earned $98 million in its first quarter, up from $81 million during the same quarter last year.
Crescent Point Energy Corp. (TSX:CPG). Energy. Up seven cents, or 0.58 per cent, to $12.15. Crescent Point Energy Corp. said it has signed a $600-million deal to sell some of its oil-producing properties in Saskatchewan to Saturn Oil & Gas. The company said included in the deal are its Flat Lake and Battrum properties. It says production from the assets is expected to be 13,500 barrels of oil equivalent per day over the next 12 months. As a result of the deal, Crescent Point is revising its 2024 annual average production guidance to a range of 191,000 to 199,000 boe/d, a reduction of 7,000 boe/d compared with the midpoint of its prior guidance range.
This report by The Canadian Press was first published May 7,2024.
The Canadian Press
