10:23 AMPicks and Pans from the Pros: Soros: China (PGJ, FXI) , India (INP), Brazil (EWZ) Paulson: Capital One (COF), JPMorgan (JPM), CB Richard Ellis Group (CBG), Petro-Canada (PCZ) Fournier: WellPoint (WLP), Foundation Coal (FCL), PHH Corp. (PHH)
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Tuesday, April 28, 2009
05:20 AMPetro-Canada (PCZ): Q1 EPS of $0.23 misses by $0.15. Cuts 2009 capex by $600M to $3.4B. Announces a quarterly dividend of $0.20 per common share. (PR)
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09:07 AM
Oil-industry watchers have long predicted a wave of consolidation as falling oil prices have left smaller firms starved for cash. Today's Suncor Energy (SU)/Petro-Canada (PCZ) merger may be a sign the waiting is over.
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05:55 AM
Suncor Energy (SU) will acquire Petro-Canada (PCZ) for around C$17B ($14B) in stock, bringing together two of Canada's largest oil companies. The deal represents roughly a 25% premium for Petro-Canada.
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Thursday, January 29, 2009
05:44 AMPetro-Canada (PCZ): Q4 EPS of $1.07 beats by $0.18. "Our production came in at the high-end of our guidance range, largely due to strong reliability at most of our major facilities." (PR)
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06:11 AMPetro-Canada (PCZ): Q3 EPS of C$2.56 misses by C$0.20. Production slipped to 424,000 barrels of oil equivalent a day from 436,000 barrels. (PR)
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