BTE To be added to the S P/TSX Composite Index ATB Capital Markets expects eight Calgary oilpatch companies will be added to the key S&P/TSX Composite Index in the December rebalancing. The bank predicted in a Tuesday research note that index provider S&P Global Inc. will add Advantage Energy Ltd., Baytex Energy Corp., Freehold Royalties Ltd., Paramount Resources Ltd., Peyto Exploration and Development Corp., Secure Energy Services Inc., Tamarack Valley Energy Ltd. and Topaz Energy Corp. to the key index next month.
The bank believes the addition to the S&P/TSX Composite Index will boost demand for a company’s stock by 5.5 per cent of its total float, while addition to the MSCI Global Standard Index will boost demand by 3 per cent.