Investor Ideas Snapshot: TSX Top Traders: (TOG), (BTO), (BB), (TLM)
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Visit: Torc Oil and Gas Ltd.
New York, New York - March 12, 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 March 12th, 2013.
Torc Oil and Gas Ltd., (TSX:TOG) trading at $1.900 gained $0.160 or 9.20% on a high volume of 16,810,732 shares, making it today's top trader on the TSX.
TORC Oil & Gas Ltd. was pleased to announce its financial and operating results for the three month periods and years ending December 31, 2011 and 2012, and to provide its 2012 year-end reserves information as evaluated by Sproule Associates Limited. TORC completed the acquisition of Vero Energy Inc effective November 19, 2012 and all figures are pro forma Vero as of that date.
The associated Management's Discussion and Analysis and audited financial statements as at and for the year ended December 31, 2012 can be found at www.sedar.com and www.torcoil.com.
B2Gold Corp., (TSX:BTO) trading at $3.075 rose by $0.125 or 4.24% on a volume of 8,053,987 shares.
Research In Motion Limited (TSX:BB) trading at $14.690 went down $-0.600 or -3.92% on a volume of 6,438,563 shares.
Though on a slight decline for the day, Blackberry continues its week long upward trend as it approaches the US release date of the new Balckberry Z10.
Talisman Energy Inc., (TSX:TLM) trading at $12.580 moved up $0.140 or 1.13% on a volume of 4,891,956 shares.
Talisman Energy Inc. has reached a deal with its contractor to cancel its problematic Yme project in the Norwegian North Sea and dismantle the above-surface part of the offshore platform.
This will be a good settlement for Talisman, the Yme partners and Norway, as the arrangement should allow the partners to move forward to examine options for the Yme field, without incurring significant additional costs related to the existing topsides.
The deal will see Netherlands-based contractor SBM Offshore make an upfront payment of US$470 million while Talisman completes the work to remove the mobile production unit from the Yme field. SBM said it has accounted for $200 million of that amount in December, and will charge the remainder to its first-half 2013 results.
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