TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,304.40, down 98.03 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up $2.04, or 5.1 per cent, to $42.10 on 25.4 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down 22 cents, or 15.9 per cent, to $1.16 on 24.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 23 cents, or 0.4 per cent, to $56.67 on 17.3 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up 53 cents, or 2.6 per cent, to $20.95 on 15.8 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 16 cents, or 2.7 per cent, to $6.08 on 15.5 million shares.
Athabasca Oil Corp. (TSX:ATH). Energy. Up 25 cents, or 11.7 per cent, to $2.39 on 15.2 million shares.
Companies in the news:
Cargojet Inc. (TSX:CJT). Down $30.42 or 16.5 per cent to $153.51. Cargojet Inc. swung to a $102-million profit in the fourth quarter as revenue surged 26.1 per cent on increased demand for its domestic, charter and other aircraft services. The Mississauga, Ont.-based provider of time-sensitive air cargo services says it earned $5.70 per diluted share in the quarter, compared with a loss of $1.31 per share or $20.5 million a year earlier. Revenues for the three months ended Dec. 31 were $235.9 million, up from $187.1 million in the fourth quarter of 2020. Analysts on average expected Cargojet to earn $1.70 per share on $211.9 million of revenues, according to financial data firm Refinitiv. For the full-year, Cargojet earned $167.4 million or $9.51 per diluted share on $757.8 million of revenues, compared with a loss of $87.8 million or $5.63 per share on $668.5 million of revenues in 2020. Cargojet carries more than 11 million kilograms of cargo weekly on its fleet of 31 aircraft.
Transat AT. (TSX:TRZ). Down 39 cents or 8.4 per cent to $4.25. Air Transat says it is relaunching a significant number of its routes for the busy summer travel season including destinations in Europe and the United States. The Montreal-based airline says it will gradually restart flights to a total of 25 European destinations, including the six it currently serves, starting in April. Air Transat says that at the height of the season, it will operate more than 250 direct flights weekly on 69 direct routes. The increase follows an easing of pandemic-related travel restrictions. Joseph Adamo, Transat's chief sales and marketing officer, says the outlook for the summer season is favourable as the company looks to respond to significant pent-up demand. Adamo says the surge in demand has also allowed the company to increase capacity on certain key routes between now and the end of the winter season.
Vermilion Energy Inc. (TSX:VET). Up $3.22 or 12.9 per cent to $28.25. Vermilion Energy Inc. reported a fourth-quarter profit of $344.6 million compared with a loss of $57.7 million a year earlier, helped by higher oil and natural gas prices. The energy company, which suspended its dividend at the start of the COVID-19 pandemic, also announced it would pay a quarterly dividend of six cents per share. Vermilion says its profit for the final quarter 2021 amounted to $2.12 per share, up from a loss of 36 cents per share in the last three months of 2020. Petroleum and natural gas sales totalled $765.9 million, up from $316.2 million a year earlier. Production in the quarter averaged 84,417 barrels of oil equivalent per day, down from 87,848 in the fourth quarter of 2020. In November, Vermilion announced a deal to increase its interest in its Corrib project in Ireland with the purchase of an additional 36.5 per cent stake for $600 million. The company will hold a 56.5 per cent stake in the natural gas project once the deal closes.
Allied Properties Real Estate Investment Trust. (TSX:AP.UN). Down 45 cents to $45.24. Allied Properties Real Estate Investment Trust says it has purchased six buildings from Choice Properties Real Estate Investment Trust for $794 million. Toronto-based Allied says the six properties are all urban buildings and include the 110 Yonge St. space used by S.I. Systems, another at 525 University Ave. occupied by the Hospital for Sick Children and Klick Inc.'s 175 Bloor St. East office in Toronto. Rounding out the acquisition is McGill University's 1010 Sherbrooke St. West space in Montreal and Vancouver's 1508 West Broadway and 1185 West Georgia St., which are used by Nicola Wealth and Fluor Canada, respectively. Allied says it will pay $594 million of the purchase price by issuing more than 11.8 million class-B LP units to Choice Properties at $50.30 per unit. Allied will pay the balance of the purchase price by granting Choice Properties a $200-million promissory note expiring on Dec. 31, 2023. Allied says the transaction is expected to close before the end of the second quarter of 2022, but is subject to regulatory approvals.
This report by The Canadian Press was first published March 7, 2022.
The Canadian Press
