Page 31 - Arc Resources News Today

The currency received a boost after the last Bank of Canada meeting in which the central bank indicated it would begin tapering of bond-buying. There was no specific catalyst for Thursdays move higher but the loonie has been correlated to the S&P 500, which gained on the day, said Erik Bregar, head of currency strategy at the Exchange Bank of Canada. "I think weve seen just enough of a buoyant sentiment in stocks to keep the Canadian dollar close to its session highs," he said in an interview. ...

Arc Resources: Q1 Earnings Snapshot May 6, 2021 FacebookTwitterEmail CALGARY, Alberta (AP) _ Arc Resources Ltd. (AETUF) on Wednesday reported first-quarter net income of $140.6 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Calgary, Alberta-based company said it had profit of 39 cents. Earnings, adjusted for asset impairment gains, came to 19 cents per share. The oil and natural gas company posted revenue of $409.5 million in the period. Arc Resourc...

  TORONTO -- Canadas main stock index slipped despite positive moves by the commodities sectors while the loonie hit its highest level in more than three years. The Canadian dollar topped 82 cents US for the first time since September 2017, but slipped just below that threshold as stock markets closed. It traded for 81.97 cents US compared with 81.49 cents US on Wednesday. The currency received a boost after the last Bank of Canada meeting in which the central bank indicated it would begin...

The Daily Chase: Toronto home prices drop from record high; Yellen walks back rate-hike remarks VIDEO SIGN OUT It was a rare sighting for the country’s largest housing market last month as property sales and prices fell amid signs that prospective buyers could be tapped out. Granted, the average price is still north of $1 million and not too far off from the record set in March. But when sales fall sequentially across all home categories, it forces a double-take. “We may be st...

Facedrive(TSXV:FD) are potential winners.  Each one could turn a $500 investment today into $5,000 in the medium to long term. The respective businesses are showing great promise in 2021. Dramatic growth on the horizon B2Gold is one of the actively traded TSX stocks lately despite the 15% year-to-date loss. The $6.33 billion company from Vancouver, Canada, is a low-cost international senior gold producer. It was established in 2007 and is now operating gold mines in Mali, Namibia, and the Ph...

John Zechners Top Picks: April 19, 2021 Tesla’s fiery crash adds to drag on already wobbly EV stocks An ether ETF isnt even launched and already there is a fee war Tech leads stock drop from record; dollar falls Wall Street can’t stop smashing records while pandemic lingers Greg Newmans Top Picks: April 16, 2021 Family offices are targeting 800% returns with SPAC economics Ark Invests Cathie Wood thinks Shopify could be next Amazon Christine Pooles Top Picks: April 15, 2021 Cooler hea...

Canadian merger and acquisition (M&A) activity is getting serious right now. In addition to other high-profile mega-cap mergers, smaller Canadian companies are merging at a relatively rapid pace. These mergers may fly under the radar in this environment, but some are equally intriguing. One such deal I have my eye on right now is the  Seven Generations Energy(TSX:VII) merger. Indeed, I think this is an interesting play to consider right now. Shareholders approve the merger deal Arc Resources a...

Telecommunications surged 6.4 per cent with shares of Shaw increasing 41.6 per cent to $33.85, about half way between their Friday close and the $40.50 bid price. "The deal in the big picture kind of makes sense for both companies; just try to get bigger to compete with Bell and Telus," said Michael Currie, vice-president and investment adviser at TD Wealth. But with successive federal governments insisting they want more competition in the Canadian telecom sector, investors arent certain if th...

Dan Healing A pumpjack is silhouetted against the setting sun in Oklahoma City, March 22, 2012. No surprises are expected today as shareholders in ARC Resources Ltd. and Seven Generations Energy Ltd. vote virtually on an all-shares transaction to form Canadas sixth-largest oil and gas producer. THE CANADIAN PRESS/AP-Sue Ogrocki March 31, 2021 - 2:46 PM CALGARY - Shareholders owning more than 95 per cent of the stock in Arc Resources Ltd. have approved its merger with...

Canadian gas group launches venture fund Apr 1, 2021 3:30:pm Summary by: Dale Lunan Posted in: Canadian gas group launches venture fund Just two days after its creation, NGIF Capital on April 1 launched NGIF Cleantech Ventures, a new equity fund that will invest in cleantech solutions that lead to greenhouse gas (GHG) emission reductions along the natural gas value chain or that advance renewable natural gas and hydrogen. NGIF Cleantech Ventures is supported by C$35mn (US$28mn) in seed funding ...