Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.» Read More
Take a look at some of Thursday's midday movers:
*Nucor, Encana reach gas supply agreement. *Nucor shares rise 1.3 pct, Encana. CALGARY, Alberta, Nov 6- Nucor Corp said on Tuesday it has signed a deal to develop natural gas wells with Canada's Encana Corp it hopes will guarantee supply more than 20 years for its steel mills and other facilities in the United States.
Nov 6- Steel producer Nucor Corp said on Tuesday it has signed a deal to develop natural gas wells with Canada's EnCana Corp that it hopes will guarantee supply for more than 20 years. Under the terms of the deal, the companies will share costs to develop wells in the continental United States.
TORONTO, Oct 12- Toronto's main stock index pulled back on Friday and marked its worst weekly performance in four months as worries about the euro zone's crisis strategy, the upcoming U.S. election and slowing global economic growth limited the appeal of riskier assets. 0.5 percent at C $53.22, and Bank of Montreal.
Oct 12- Toronto's main stock index looked set to open higher on Friday, taking cues from its largest trading partner, after robust earnings from JPMorgan marked a strong start for the U.S. banks earnings season.
*National Bank Financial starts Encana Corp with sector perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
TORONTO, Oct 11- Canada's main stock index rose slightly on Thursday, recovering from three days of losses that culminated in a five-week low, encouraged by U.S. employment data and comments from the IMF that were seen as supporting stability in the euro zone.
QUITO, Ecuador-- An international arbitration body has ruled Ecuador should pay $1.769 billion to Occidental Petroleum Corp. for revoking the U.S. company's operating concession in 2006..
U.S. crude oil futures settled down nearly $2 a barrel as signs this week of slowing in the manufacturing and services sectors in Europe and China continued to weigh on investor sentiment. ,down 0.5 percent to C $33.00, Canadian Natural Resources, down 1.6 percent to C $30.22 and Encana Corp, off 2.6 percent to C $21.27.
TORONTO, Oct 5- Toronto's main stock index backed away from its highest level in nearly three weeks on Friday as concerns about weakness in the global economy hurt commodity prices, countering unexpectedly strong North American jobs data.
*Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.
*Deutsche Bank cuts Encana Corp to sell from hold. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:. Reuters Station users, click. 4899 ().
TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.
TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after seeing a one-week high, as signs of economic weakness in Asia and evidence of a new recession in the euro zone tempered optimism over better-than-expected U.S. data. Federal Reserve and the European Central Bank.
Investors looking for a rebound in the price of the commodity and corresponding gains in the shares of gas producers Encana Corp. ,Tourmaline Oil Corp, ARC Resources Ltd. "I think we're in for a long period of low gas prices," said Gordon Currie, an analyst at Salman Partners. "
Take a look at some of Tuesday’s morning movers:
Wall Street suffered through another rough day Monday, with stocks dropping more than 1 percent on worries over the effect the European debt crisis would have on the global economy.
Chesapeake Energy said it would not extend a controversial compensation plan for Aubrey McClendon that provided him with a right to personally invest in the company’s new wells. The New York Times reports.
A deep and prolonged slump in natural gas prices has thrown much of the industry’s largest produces into a state of panic and turmoil. As prices have fallen, so have stock prices — with shares of natural gas giants like Chesapeake Energy spacer, Devon Energy spacer, and Encana spacer have fallen twenty-plus percent over the last year.
With natural gas prices at a 10-year low, companies that produce the fuel are seeing stock prices are falling in anticipation of declining profits and scaled-back growth plans.