Athabasca Oil Sands, Greystar, Nexen: Canadian Equity Preview
May 31, 2010, 8:27 AM EDT
By Matt Walcoff
May 31 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading. Stock symbols are in parentheses.
Athabasca Oil Sands Corp. (ATH CT): PetroChina Co.’s partner in Canadian oil sands development received an “outperform” rating in new coverage from Justin Bouchard of Raymond James Financial Inc. The company “represents one of the most attractive acquisition candidates in the oil sands space,” the analyst wrote in a report.
Crescent Point Energy Corp. (CPG CT): The Calgary-based oil and gas producer is scheduled to hold its annual meeting at 10 a.m. local time.
Greystar Resources Ltd. (GSL CT): The owner of the Angostura gold and silver project in Colombia said that country’s government has reinstated the project’s environmental impact assessment.
Huntingdon Real Estate Investment Trust (HNT-U CT): The owner of commercial properties reported first-quarter funds from operations of 17 cents a share, according to a release distributed by CNW Group Ltd. Desjardins Securities analyst Jeffrey Roberts estimated the company would report 20 cents.
National Bank of Canada (NA CT): The country’s sixth- largest bank was raised to “buy” from “hold” by analyst Mario Mendonca of Canaccord Financial Inc. and Michael Goldberg of Desjardins Securities.
Nexen Inc. (NXY CT): The oil and gas producer with operations on five continents operates one deep-water drilling rig in the Gulf of Mexico that must halt operations under President Barack Obama’s moratorium, an official of the U.S. Minerals Management Service said.
--Editor: Nick Baker
http://www.businessweek.com/news/2010-05-31/athabasca-oil-sands-greystar...
