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CN Rail, Tourmaline Oil reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 8, 2013

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On Friday, Canadian National Railway Co.(TSX: T.CNR, Stock Forum) closed at a 52-week high of $97.82, for an increase of 1.64%.

On Feb. 6, the company and the International Brotherhood of Electrical Workers (IBEW) System Council 11 announced the ratification of a new four-year collective labour agreement by IBEW members.

Currently, the union represents approximately 700 CN signals and communications employees in Canada.

The agreement - providing improvements in wages and benefits to IBEW members - is retroactive to Jan. 1, 2013.

The second company to make the 52-week-high list wasTourmaline Oil Corp. (TSX: T.TOU, Stock Forum). The stock hit a new peak of $36.16, before closing at $35.91, for an increase of 2.48%.

On Dec. 20, 2012, the petroleum and natural gas focused company said it expects to average 75,000 barrels of oil per day in 2013, representing approximately 50% growth over the 2012 expected average production of between 50,000 and 51,000 barrels of oil per day.



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