Tourmaline Oil Corp. (TSX: T.TOU, Stock Forum) briefly hit $39.21 on Thursday before closing at $39.00, for an increase of 2.82%.
On March 12, the intermediate crude oil and natural gas exploration and production company closed its public offering of 5,750,000 common shares at a price of $34.25 per share, which includes 750,000 common shares issued pursuant to the exercise in full of the over-allotment option, and 750,000 flow-through shares at a price of $42.15 per share for gross proceeds of approximately $228.6 million.
The second company to make the 52-week high list was Norbord Inc. (TSX: T.NBD, Stock Forum). The stock hit a new peak of $37.22 before closing at $36.99, up 2.44%.
On Feb. 1, the international producer of wood-based panels announced a notice of intention to conduct a normal course issuer bid whereby Norbord would purchase up to 2,198,341 of its common shares, representing approximately 5% of the company's issued and outstanding common shares of 43,966,827 as of Jan. 22, 2013.