TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (17,548.92., down 44.42 points.)
Canadian Natural Resources (TSX:CNQ). Up one cent, or 0.03 per cent, to 31.96 on 12.1 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 18 cents, or 0.75 per cent, to $23.75 on 9.6 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up four cents, or 0.51 per cent, to $7.91 on 7.6 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Up nine cents, or 0.15 per cent, to $58.55 on 7.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Unchanged at $43.55 on 6.9 million shares.
Whitecap Resources Inc. (TSX:WCP). Energy. Up 27 cents, or 5.59 per cent, to $5.10 on 6.6 million shares.
Companies in the news:
Rocky Mountain Dealerships Inc. (TSX:RME). Up 50 cents or 7.2 per cent to $7.40. Rocky Mountain Dealerships Inc. says the cash price being offered for its shares under a go-private transaction led by its chairman and CEO is being enriched by about six per cent. The Calgary-based company, which says it is the largest farm equipment dealer in Canada with 36 locations in Alberta, Saskatchewan and Manitoba, says the offer was increased to $7.41 from $7 per share after discussions with shareholders including Derek Stimson, who resigned after being a director for 13 years. In its Friday release, it says Stimson has now agreed to vote his 9.6 per cent equity stake in favour of the transaction at a special meeting to be held next Thursday, adding that Polar Asset Management Partners Inc. has also pledged to vote its 8.9 stake in favour. That takes committed support to about 32 per cent..
Inter Pipeline Ltd. (TSX:IPL). Down 15 cents or 1.1 per cent to $13.52. Inter Pipeline Ltd. says it will shell out $1 billion in capital expenditures in 2021 as it pushes to finish its petrochemical plant. The Calgary-based company says it will spend $800 million next year on the Heartland Petrochemical Complex, which it now expects to start up in early 2022. The update on the plant comes after the company said last month it would find a partner for the plant by the middle of next year. Inter Pipeline says the rest of its capital spending will be spread across several areas, including keeping up on existing projects, making its oilsands pipelines more efficient, working on systems around a traditional oil pipeline connector launched this year, natural gas liquid processing and bulk storage. But Inter Pipeline says 93 per cent of the $1 billion will be spent on driving new growth.
This report by The Canadian Press was first published Dec. 11, 2020.
The Canadian Press
