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Tag Archives: rout

Renewed oil price rout makes Suncor Energy’s hostile takeover bid for Canadian Oil Sands difficult to predict

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CALGARY – The renewed fall in oil prices is making it difficult to predict the outcome of Suncor Energy Inc.’s hostile takeover offer for Canadian Oil Sands Ltd. “The change in the oil price makes this an interesting poll to call,” Brendan Wood International managing director Jordan Novak said in …

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Linamar stock rout doesn’t reflect auto-industry reality, CEO says

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The CEO of Canadian auto-parts supplier Linamar Corp. says the company’s recent stock rout — down 26 per cent so far this month — is “frustrating” and reflects a couple of key misunderstandings about the health of the auto industry. Linda Hasenfratz said she believes there are two reasons behind …

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

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CALGARY — To survive the prolonged downturn in oilfield activity, many energy service companies are poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts over the past year, we believe more are on the horizon in the coming quarters,” CIBC …

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