Surge Energy Inc. is selling oil-producing assets in southeast Saskatchewan and Manitoba for $430 million in order to pay down debt and finance an exploration program on its promising Upper Shaunavon crude oil discovery in southwest Saskatchewan.
Precision Drilling (PDS +1.6%) opens higher after its Q1 earnings plunge 76% Y/Y on a 24% drop in revenue, but results beat expectations as job cuts and other cost-cutting measures helped maintain margins despite a steep decline in drilling activities.
(Updates to early trading). * TSX up 3.59 points, or 0.02 percent, at 15,411.92. * Miners gain as commodity prices rise. By Alastair Sharp.
ALBERTON -- The weekend announcement that a deal is being considered which could see Sobey's purchase Co-op Atlantic's corporate stores and become the supplier of its member cooperatives, has prompted the Wellington Co-op Association to ...
Construction on a new light rail transit line along Finch Avenue West will begin in 2016 and be completed in five years, according to the Ontario minister of transportation.