Traders are regaining confidence that Progress Energy Resources (PRQNF.PK) will get bought after...

|About: Progress Energy Res (PRQNF)|By:, SA News Editor

Traders are regaining confidence that Progress Energy Resources (PRQNF.PK) will get bought after all, sending shares +8.3% in Toronto this week after Canada's government last week blocked its takeover by Malaysia’s Petronas. The merging parties are doing the right things, looking like they’re committed to work at getting the deal done and sparking optimism.