TSX Top Traders: (K), (BB), (BBD-B), (ECA)
Visit: Kinross Gold Corp.
New York, New York - February 15, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top traders on the TSX for February 15th, 2013.
Kinross Gold Corp., (TSX:K) trading at $8.030 dropped by $-0.310 or -3.72% on a volume of 6,133,396 shares, making it today's top trader on the TSX.
Research In Motion Limited (TSX:BB) trading at $14.440 lowered by $-0.610 or -4.05% on a volume of 5,180,012 shares.
Bombardier Inc., (TSX:BBD-B) trading at $4.060 gained $0.020 or 0.50% on a volume of 3,302,081 shares.
Earlier today Russia's Rostec announced it is in talks with Bombardier over a possible multimillion-dollar joint venture to build the Canadian plane maker's Q400 aircraft in Russia.
The industrial and defense conglomerate formerly known as Russian Technologies hopes to break into the medium-range aircraft market in Russia, which international manufacturers such as Boeing, Airbus and Bombardier view as an important growth market.
Boeing has predicted that Russia and its neighboring states will take delivery of 1,140 new aircraft over the next 20 years, valued at $130 billion.
Encana Corp., (TSX:ECA) trading at $18.070 went down $-0.130 or -0.71% on a volume of 2,317,473 shares.
Encana Corp, Canada's largest natural gas producer, apologized on Thursday because one of its executives cursed after an analyst asked about whether new Canadian investment rules would prohibit its takeover by foreign state-owned entities.
When asked the question by Canaccord Genuity analyst Phil Skolnick, interim CEO Clayton Woitas said: "The answer would be no." Then, in a whispered comment that was clearly audible on a replay of the call, someone can be heard saying, "fucking asshole."
"Something like that should never have been said and we're sorry about it," Jay Averill, a spokesman for the company, said.
Averill said about 20 Encana executives had been gathered in a room with microphones to discuss the company's fourth-quarter profit report with analysts and the media. The spokesman said he was unable to say which one of them uttered the expletive or whether it was directed at Skolnick.
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