Among the companies whose shares are making notable moves in Thursday's session are Gibson Energy Inc. GEI.T, Bird Construction Inc. (BD.T), NAL Energy Corp. NAE.T, Trinidad Drilling Ltd. TDG.T and Dollarama Inc. DOL.T.
Riverstone Holdings LLC has agreed to sell its entire stake in Gibson Energy (C$20.65, -C$0.65, -3.1%), consisting of 28.1 million shares at C$20.70 each, for gross proceeds of C$582 million.
Bird Construction (C$13.70, C$0.65, 5.0%) boosted its monthly dividend to 6 Canadian cents a share on stronger fourth-quarter results.
NAL Energy (C$7.64, C$0.38, 5.2%) ended the fourth quarter with cash flow and production that "exceeded internal expectations." TD upgraded the stock to buy from hold.
Trinidad Drilling (C$7.29, -C$0.51, -6.4%) released fourth-quarter earnings late Thursday, which UBS said were broadly in line with estimates, though EBITDA of C$72 million was below consensus of C$76 million and UBS' estimate of C$82 million. UBS also noted that while day rates expanded "nicely," costs were also higher.
TD upgraded Dollarama (C$44.32, C$1.35, 3.1%) to buy, saying improving cash flow builds a case for share-price outperformance and a dividend hike in 2012.
Among the companies whose shares are making notable moves in Thursday's session are Viterra Inc. (VT.T), Canadian Western Bank and HudBay Minerals Inc. /zigman2/quotes/201019270/composite HBM +1.72% .
Viterra (C$11.01, C$0.21, 1.9%) said first-quarter earnings were down 23% from a year earlier, but in line with expectations on stong global grain shipments, improved grain-handling margins and higher fertilizer prices and volumes in Western Canada.
Canadian Western Bank (C$29.15, C$0.85, 3.0%) said first-quarter earnings jumped to 54 Canadian cents a share from 50 Canadian cents, while adjusted cash earnings improved to 57 Canadian cents afrom 55 Canadian cents. It also said quarterly revenue was a record C$126.3 million.
HudBay (C$11.57, C$0.38, 3.4%) posted a fourth-quarter profit of 21 Canadian cents a share, up from 7 Canadian cents a year earlier and ahead of expectations.