Here are the most active stocks on Friday mid-morning on the TSX and TSX Venture Exchange.
On Friday, the top TSX mover was
Connacher Oil and Gas Ltd. (
TSX: T.CLL,
Stock Forum). It rose 10.7% and was trading at $0.31 on volume of 6.7 million shares.
On July 16, the exploration and development company said production for the second quarter of 2013 averaged 11,500 barrels per day, based on field estimates. Production was 7.0% lower than the first quarter of 2013, when 12,406 barrels per day were produced due to planned interruptions associated with steam generator upgrades completed in May. Following completion of the upgrades, field estimates for June production averaged 12,500 barrels per day. Furthermore, during the quarter the company completed a four infill well drilling program. Currently, all four wells are expected to be placed on production by the end of the fourth quarter of 2013.
Bombardier Inc. (
TSX: T.BBD.B,
Stock Forum) was the second most active stock on the TSX. The stock was down 0.8% and trading at $4.84 on volume of 3.5 million.
On July 26, the transportation manufacturer scheduled a conference call for August 1, to release its second quarter financial results ended June 30.
Alberta Oilsands Inc. (
TSX: V.AOS,
Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 77% and was trading at $115 on volume of 6.9 million.
Today, the exploration and development company said the Province of Alberta announced that it is allocating 55,000 acres of Crown lands to the Regional Municipality of Wood Buffalo (Fort McMurray) under its Urban Development Sub-Region initiative (UDSR). As a result of the UDSR initiative, the company's oil sands leases at Clearwater will be cancelled. As a lessee to these affected leases, AOS will be compensated in accordance with existing legislation. Compensation includes cost of acquiring the lease including annual license fees and application fees, wasted exploration and development expenditures, reclamation costs and interest of approximately 5%.
The second most active stock on the TSX Venture was
Ridgeline Energy Services Inc. (
TSX: V.RLE,
Stock Forum) It lost 12.5% and was trading at $0.21 after 4.5 million shares changed hands.
On July 25, the water treatment and energy technology company announced the elimination of the position of Chief Operating Officer, which was held by Richard Winterich. With the substantial reduction of employees and operating complexities that resulted from the sale of Ridgeline Environmental and Ridgeline GreenFill the company has taken steps to further reduce administrative management and streamline operations.