TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,416.74, up 32.47 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up $1.96, or 8.19 per cent, to $25.90 on 24.7 million shares.
Nevada Copper Corp. (TSX:NCU). Materials. Down 3.5 cents, or 14.89 per cent, to 20 cents on 19.8 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down two cents, or 12.5 per cent, to 14 cents on 18 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up 54 cents, or 1.24 per cent, to $44.24 on 17.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 34 cents, or 3.9 per cent, to $9.06 on 17.6 million shares.
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down one cent, or 3.13 per cent, to 31 cents on 16.7 million shares.
Companies in the news:
Just Energy Group Inc. (TSX:JE). Down $2.32, or 31.9 per cent, to $4.96. Shares in Canadian energy retailer Just Energy Group Inc. fell after it warned it may not be able to continue operating due to hundreds of millions of dollars in losses because of extreme winter weather in Texas over the past week. In a news release, the company says it is facing a loss of US$250 million (about C$315 million) due to high electricity prices during the unusually cold weather from Feb. 13 to 19. It says its price of power in Texas was artificially set at US$9,000 per megawatt-hour for much of the week, resulting in a "substantial negative financial impact" unless there is corrective action by the government. The company says it has delayed financial reports expected last week for the periods ending Dec. 31 until late this week, so it can better review and understand the impact of the Texas event.
TC Energy Corp. (TSX:TRP). Up 47 cents to $56.86. TC Energy Corp. says it has no intention of again sweetening its bid to buy out the other unitholders of TC PipeLines LP, a U.S. master limited partnership it operates, despite the vow of its largest non-affiliated investor to vote against the transaction. On Friday, Connecticut-based Energy Income Partners said it believes the offer of 0.7 common shares of TC Energy for each unit of TC PipeLines is inadequate and "significantly undervalues" its assets and growth potential. The dissident unitholder says it owns more than 10 per cent of the partnership and has maintained a position in the company for nearly 15 years. TC Energy owns about 24 per cent of the units. In its response, TC Energy says the exchange ratio represents a 20.8 per cent premium to the partnership's closing price before the original offer as of Oct. 2.
This report by The Canadian Press was first published Feb. 22, 2021.
The Canadian Press