Investor Alert

New York Markets After Hours

Jan. 3, 2012, 11:38 a.m. EST

Canada hot stocks: RIM, Athabasca Oil Sands, Vero

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Among the companies whose shares are making notable moves in Tuesday's session are Research In Motion Ltd. RIMM, Athabasca Oil Sands Corp. ATH.T, Vero Energy Inc. VRO.T and Inmet Mining Corp. IMN.T.

Research In Motion ($15.47, $0.97, 6.7%) is said to be preparing to unveil a corporate shakeup that could see co-founders Lazaridis and Balsillie lose their co-chairmen titles, according to a report in Tuesday's Financial Post.

Athabasca Oil Sands (C$12.90, C$0.41, 3.3%) said it has agreed to exercise an option to sell its 40% stake in the MacKay River oil-sands project for C$680 million, giving China's PetroChina Co. (PTR) full ownership of the northern Alberta project.

Vero Energy (C$2.56, C$0.48, 23%) said it has agreed to sell certain natural-gas assets to a private oil and gas company for C$209 million.

Inmet (C$68.14, C$2.64, 4.0%) said Panama has approved the environmental and social impact assessment required for development of the Cobre Panama copper project, including the mining operations and related infrastructure, a port facility, and a coal-fired power plant.

Among the companies whose shares are making notable moves in Tuesday's session are Constellation Software Inc. , Suncor Energy Inc. /zigman2/quotes/210480277/composite SU -4.69% and Canadian Natural Resources Ltd. /zigman2/quotes/203976248/composite CNQ -5.35% .

Constellation Software (C$80.27, C$3.53, 4.6%) said it has adopted a regular quarterly dividend policy, declaring an initial dividend of $1 a share.

Crude-oil futures got a strong start in 2012 as a softer U.S. dollar helped crude oil futures jump earlier Tuesday to US$102.82 a barrel, its highest since Nov. 17, fueling shares of oil producers such as Suncor (C$30.71, C$1.33, 4.5%) and Canadian Natural (C$39.31, C$1.16, 3.0%).

/zigman2/quotes/210480277/composite
US : U.S.: NYSE
$ 12.72
-0.63 -4.69%
Volume: 11.55M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.94%
Market Cap
$20.41 billion
Rev. per Employee
$2.38M
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/zigman2/quotes/203976248/composite
US : U.S.: NYSE
$ 16.64
-0.94 -5.35%
Volume: 3.44M
Sept. 21, 2020 4:00p
P/E Ratio
403.52
Dividend Yield
7.74%
Market Cap
$20.75 billion
Rev. per Employee
$1.63M
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