Sector Perform

  • 1:50 PM

    August 16, 2016 : Hydro One Limited (TSX:H.TO) announced solid second quarter results where remained marginally ahead of street estimate. Adjusted EPS of $0.25 beat consensus EPS estimate of $0.23. By and large, we see this quarter positively as the firm is making progress on cost containment. The consensus has increased target price by $1 to

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  • 7:50 AM

    B2Gold Corp. (TSE:BTO) released a new feasibility study for the Fekola project in Mali on Friday before market opened. Fekola feasibility results confirm robust project economics. B2Gold released the long-anticipated results of the optimized feasibility study for the Fekola project in Mali. This feasibility study represents the first economic evaluation update since the Preliminary Economic

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  • 5:23 PM

    During trading hours, Cogeco Cable Inc.(TSE:CCA) disclosed that its wholly owned subsidiary Atlantic Broadband (ABB) has entered into a definitive agreement to acquire the assets of MetroCast Connecticut for $200 million. The tax adjusted purchase price, which reflects the tax benefit of amortizing intangible assets in an asset purchase, represents a multiple of approximately 7.9x

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  • 5:34 PM

    Prior market opened on Wednesday, Legacy Oil + Gas Inc (TSE:LEG) disclosed a proposed acquisition by CPG. We are restricted on Crescent Point Energy Corp. As per share deal, the $1.53 billion proposed transaction contemplates 0.095 CPG shares for each LEG share outstanding and shows a value of $2.85 per LEG share. Under the terms

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  • 5:31 PM

    Timmins Gold Corp. (TSE:TMM) acquired Newstrike Capital (NES) successfully. A total of 116 million shares were taken up in exchange for the issuance of 0.9 Timmins Gold shares for each NES share held (105 million new TMM shares). Recall the NES deal was originally declared on February 17, 2015, and shareholder approvals from both companies

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  • 5:09 PM

    Bonterra Energy Corp (TSE:BNE) disclosed a private placement offering to be used to reduce debt levels and fund the 2015 drilling program after market closed on Monday. Company disclosed that it will complete a private placement offering of 1.2 mm shares at a price of $32 per share, translating in total earnings of $38.4 mm.

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  • 5:01 PM

    Aecon Group Inc. (TSE:ARE) declared the sale of its 45.5% interest in the Quito International Airport concession on Tuesday before market opened. The sale is anticipated to generate net earnings of nearly $ 195 (C$243 million). The transaction is anticipated to close in the second half of 2015 and remains subject to third party approvals

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  • 5:07 PM

    During trading hours on Monday; America Movil SAB de CV (NYSE:AMX)’s subsidiary Telekom Austria stated the plan of acquisition of Amisco NV, the holding entity of Amis Slovenia and Amis Croatia. Amis operates a fixed-line reseller in Slovenia (63,000 customers) and owns a fibre network in Croatia (23,000 customers). In 2014, Amisco revenues amounted to

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  • 5:13 PM

    Barrick Gold Corporation (TSE:ABX)has shaped a strategic partnership with Zijin Mining. In partnership – Zijin Mining will acquire 50% of Barrick (Niugini) Limited or BNL (ABX; 95%) in Papua New Guinea which manages the Porgera JV. The firm will pay $298 million in cash and the transaction is expected to be finished in third quarter

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