Secure Energy Services Inc. (TSX: T.SES, Stock Forum) briefly hit $12.92 on Tuesday before closing at $12.79, for an increase of 4.92%.
On April 1, the company with a focus on services relating to the oil and gas industry said that it had completed the acquisition of Frontline Integrated Services Ltd. for an aggregate purchase price of approximately $23.1 million including the issuance of $16.3 million in common shares of Secure.
The second company to make the 52-week high list was Enbridge Inc. (TSX: T.ENB, Stock Forum). The stock hit a new peak of $47.93, before closing at $47.79, for an increase of 0.38%.
On March 27, the transportation and distribution of crude oil and natural gas company announced it had closed its previously announced public offering of Cumulative Redeemable Preference Shares, Series 1 by a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities Enbridge issued 16 million Series 1 Preferred Shares for gross proceeds of US$400 million.
The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.