вторник, 30 октября 2007 г.

Petro-Canada, TimberWest, Uranium One: Canada Equity Preview

The following is a list of companies whose shares may have unusual price changes in Canadian markets. The preview includes news that broke after markets closed. Stock symbols are in parentheses after company names and prices are from the last close.

The Standard & Poor's/TSX Composite Index rose 115.27, or 0.8 percent, to 14,312.08 in Toronto.

Inmet Mining Corp. (IMN CN): The owner of the Cayeli copper and zinc mine in Turkey said third-quarter profit rose to C$2.37 a share, more than the C$2.32 average analyst estimate in a Bloomberg survey. Inmet fell C$4.80, or 4.6 percent, to C$99.25.

Petro-Canada (PCA CN): Neil Camarta, senior vice president for oil sands at Petro-Canada, said the Alberta government's decision to raise energy royalties will hurt the profitability of oil sands, forcing the company to trim other costs associated with developing such projects. Petro-Canada shares fell 99 cents, or 1.8 percent, to C$52.88.

TimberWest Forest Corp. (TWF-U CN): The lumber manufacturer and owner of timberland lost 36 cents a share in the third quarter. Three analysts on average expected profit of 23 cents in a Bloomberg survey. TimberWest said a 13-week strike among British Columbia logging and wood-product workers, reduced demand in the U.S. and Japan and the stronger Canadian dollar hurt results. TimberWest shares fell 3 cents, or 0.2 percent, to C$14.78.

financial-markets-a.com

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