Tag Archives: point

Crescent Point Energy Corp falls on Legacy Oil and Gas deal

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Shareholders don’t exactly love Crescent Point Energy Corp.’s $1.5-billion deal to acquire Legacy Gas and oil Inc. – at least not at first glance. The stock was down almost five per cent Wednesday, after the Calgary-based oil and gas producer announced it is buying its competitor to add assets in the core southeast Saskatchewan area. Strategically, the deal makes a ...

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Loonie drops to lowest point in more than a decade as oil and gold buckle under pressure

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TORONTO – The Toronto stock market suffered another session of declines on Wednesday as oil settled below $50 the very first time in several months and also the loonie tumbled to its minimum in more than the usual decade. The S&P/TSX composite index lost 69.12 suggests end at 14,307.12, dragged down by both energy and resource sectors. Meanwhile, the Canadian ...

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