Toronto, May 3 (Bloomberg) -- Talisman Energy rose C$2.80, or 6.2 percent, to
C$48. Canada's biggest independent oil company said its first-
quarter net income rose to C$206.2 million, or C$1.45 a share,
from a year-earlier C$4 million, or C$0.03.
Oil stocks rose as investors bet that oil and gas stocks
still don't reflect the price of crude.
The TSE's oil and gas index rose to its highest since Nov.
1997, surging in the last six weeks on the back of takeovers and
oil prices near nine-year highs. Alberta Energy Co. (AEC CT) rose
C$1.75 ($1.17), or 3.5 percent, to C$52, Petro-Canada (PCA CT)
rose C$1.10, or 4.3 percent, to C$27 and Suncor Energy Inc. (SU
CT) rose C$2, or 3 percent, to C$68.25. |
