MARKET ACTIVITY/TRADING NOTES FOR DAY ENDING TUESDAY, FEBRUARY 10, 1998 (4)
MARKET ACTIVITY
HOT STOCKS
Abacan Resources (ABC/TSE) shares closed down $0.30 to $3.25 on high share volume. Trading was also active on Monday when shares finished up $0.50 on high volume. The company reported well results yesterday (see International Companies) and was also in the news (see feature story).
Green River Petroleum (GRP/ASE) and HEDGO Canada (HEG/ASE) continue to be the volume leaders on the Alberta Stock Exchange. Green River fell $0.08 to $1.27 and HEGCO fell $0.11 to $2.99.
INDEXES
The Toronto Stock Exchange 300 Composite Index gained 0.5% or 34.63 to 6881.49. In comparison, the Oil & Gas Composite Index gained 0.6% or 40.20 to 6394.69. Among the sub-components, the Integrated Oil's gained 0.8% or 72.45 to 8926.05. The Oil & Gas Producers rose 0.6% or 32.42 to 5596.85 and the Oil & Gas Services gained 0.3% or 9.61 to 2761.80.
INDEX CHARTS
TSE 300.......... canoe.quote.com
O&G Composite. chart.canada-stockwatch.com
Integrated Oil's.... chart.canada-stockwatch.com
O&G Producers.. chart.canada-stockwatch.com
O&G Services..... chart.canada-stockwatch.com
NEW PHLX OIL SERVICE SECTOR
bigcharts.com.
lonestar.texas.net
MOST ACTIVES
Norcen Energy Resources, Abacan Resources, Ranger Oil, Anderson Exploration, Renaissance Energy and Petro-Canada were among the 50 most active traded issues on the TSE.
Pioneer Nat Res. Canada gained $1.50 to $32.50, Seven Seas Petroleum (U) $1.40 to $19.25, Imperial Oil $0.90 to $84.80 and Suncor Energy $0.90 to $50.60.
Percentage gainers included United Tri Star 14.9% to $1.00, New Cache Petroleum 14.9% to $1.00, OGY Petroleum 11.1% to $1.40, Maxx Petroleum 10.3% to $1.82, Optima Petroleum 9.5% to $2.30, Oiltec Resources 9.0% to $2.67, Seven Seas Petroleum (U) 7.8% to $19.25, Westfort Energy 7.0% to $1.23, Paragon Petroleum 6.8% to $3.90 and Petrorep Resources 6.5% to $1.15.
On the downside, PanCanadian Petroleum fell $0.55 to $21.10, Pinnacle Resources $0.50 to $13.40 and Baytex Energy $0.40 to $14.80.
Percentage losers included Ram Petroleum 10.3% to $1.30, Petrobank 9.8% to $2.75, Abacan Resources 8.5% to $3.25, Black Rock Ventures 7.4% to $1.25, Magin Energy 7.0% to $2.00, Renata Resources 6.7% to $1.40, Black Sea Energy 6.5% to $1.45 and Richland Petroleum 6.3% to $3.75.
No new 52-week highs.
Interaction Resources, Pinnacle Resources and Pursuit Resources reached new 52-week lows.
Services companies were absent from the top 50 most active issues on the TSE.
There were also no net gainers among the top 50 issues.
Percentage gainers included Inter-Tech Drilling 10.0% to $1.10, Plains Energy Services 7.1% to $9.00 and Petro Well Energy 6.8% to $1.26.
On the downside, Shaw Industries A fell $1.00 to $44.00.
No percentage losers.
No new 52-week highs or lows.
Over on the Alberta Stock Exchange, Green River Petroleum, HEGCO Canada, Raptor Capital, Bearcat Exploration, Nycan Petroleum, Stampede Oils, EMR Microwave, Colony Energy, Colt Energy, Destiny Resource Services, Oxbow Exploration and Storm Energy were among the top 30 most active traded issues.
Brandon Energy gained $0.34 to $0.64, Lodestar Energy $0.30 to $2.30, Redeco Energy $0.15 to $0.75, Q Energy $0.13 to $0.33, Belfast Petroleum $0.10 to $2.45, Corridor Resources $0.10 to $1.30, Global Link International $0.10 to $1.10, Ascot Energy Resources $0.09 to $0.24 and Blackpool Exploration $0.07 to $0.15.
Percentage gainers included Brandon Energy 113.3% to $0.64, Q Energy 65.0% to $0.33, Redeco Energy 25.0% to $0.75, Carpatsky Petroleum 16.0% to $0.29, Lodestar Energy 15.0% to $2.30 and Stampede Oils 10.7% to $0.31.
On the downside,Alma Oil & Gas A fell $0.14 to $0.55, HEGCO Canada $0.11 to $2.99, Meota Resources $0.10 to $1.15, Sterling Resources $0.10 to $1.00, Energy North $0.09 to $0.46, Maxwell Oil & Gas $0.09 to $1.26, Green River Petroleum $0.08 to $1.27 and Parkcrest Exploration $0.08 to $1.40.
Percentage losers included Kroes Energy 24.5% to $0.20, Alma Oil & Gas 20.3% to $0.55, Energy North 16.4% to $0.46, Tappit Resources 15.9% to $0.37, Nevarro Energy 14.3% to $0.30, Belair Energy 12.5% to $0.35, Mart Resources 12.5% to $0.35, Brittany Energy 12.0% to $0.44, Tessex Energy 11.1% to $0.40, Para-Tech Energy 10.7% to $0.25 and Temba Resources 10.7% to $0.25.
No new 52-week highs.
Blue Power Energy reached a new 52-week low.
Kerm's listed Companies are in bold print.
An excellent summary of most actives covering all four of the Canadian Stock Exchanges can be found at quote.yahoo.com
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