TORONTO 鈥� Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,125.72, down 194.95 points.)
Bombardier Inc. (TSX:BBD.B). Industrials. Up five cents, or 8.33 per cent, to 65 cents on 20.7 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 64 cents, or 2.44 per cent, to $26.89 on 17.3 million shares.聽
Cenovus Energy Inc. (TSX:CVE). Energy. Up 47 cents, or 4.95 per cent, to $9.96 on 13.8 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 13 cents, or 0.29 per cent, to $44.59 on 11.8 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down two cents, or 7.14 per cent, to 26 cents on 11.6 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up seven cents, or 5.47 per cent, to $1.35 on 10.9 million shares.
Companies in the news:聽
Canadian Natural Resources Ltd. (TSX:CNQ). Up 71 cents or 1.9 per cent to $38.36. The move by U.S. President Joe Biden to cancel the Keystone XL pipeline in January continues to plague Canadian oil companies, with Canadian Natural Resources Ltd. forced to digest a related $143-million charge on its fourth-quarter results on Thursday. If not for the blemish on its earnings in the last three months of 2020, analysts said the company would have registered a solid beat on expectations driven by strong oilsands mining production and operating cost cuts. The company's production of synthetic crude from its oilsands mining and upgrading operations reached a record of 490,800 barrels per day in December due to high utilization rates and ongoing incremental production growth projects. Last year's operating costs fell by $2.10 to $20.46 per barrel of synthetic crude.聽
Bombardier Inc. 鈥� While the business jet market will take "several years" to return to pre-pandemic levels, Bombardier Inc. plans to capitalize on growth of after-sales service to achieve its goal of US$7.5 billion in sales in 2025. In its outlook released Thursday, the Quebec aircraft manufacturer said it expects to turn free-cash-flow positive next year and generate more than US$500 million by 2025. Its operating profit is expected to reach US$1.5 billion while the adjusted operating margin target has been set at 20 per cent.
Calfrac Well Services Ltd. (TSX:CFW). Up six cents or 1.5 per cent to $4.04. Calfrac Well Services Ltd. reported a fourth-quarter profit of $125.9 million, boosted by a gain on the settlement of debt. The oilfield services company says the profit for the quarter ended Dec. 31 amounted to $2.19 per diluted share. The result included a $226.3-million gain on the settlement of debt and a $54.2-million deferred income tax expense. Calfrac posted a net loss of $49.4 million or $17.07 per share diluted in the fourth quarter of 2019 when it had fewer shares outstanding. Revenue was $180.7 million, down from $317.1 million a year earlier.
This report by The Canadian Press was first published March 4, 2021.
The Canadian Press
