TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,274.81, up 202.49 points.)
Crescent Point Energy Corp. (TSX:CPG). Energy. Up 22 cents, or 2.8 per cent, to $8.06 on 16 million shares.
Talon Metals Corp. (TSX:TLO). Materials. Up 10 cents, or 16.7 per cent, to 70 cents on 12.4 million shares.
The Toronto-Dominion Bank (TSX:TD). Financials. Up 92 cents, or 0.9 per cent, to $100.65 on 10.3 million shares.
Baytex Energy Corp. (TSX:BTE). Energy. Up 29 cents, or seven per cent, to $4.46 on 10 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up $1.47, or 4.4 per cent, to $35.18 on 9.9 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down seven cents, or 1.5 per cent, to $4.51 on 8.3 million shares.
Companies in the news:
Canadian Natural Resources Ltd. (TSX:CNQ). Up $1.06 or 1.8 per cent to $60.71. Canadian Natural Resources Ltd. says it expects about $4.3 billion in capital spending this year, up from nearly $3.5 billion in 2021. The company says its plan includes $3.6 billion in base capital spending and $700 million in strategic growth spending. Production for 2022 is expected to be between 1,270,000 and 1,320,000 barrels of oil equivalent per day. Production in 2021 was estimated at 1,235,000 boepd. Canadian Natural president Tim McKay said production this year is targeted to consist of about 46 per cent light and synthetic crude oil, 28 per cent heavy crude oil and 26 per cent natural gas, at the midpoint of the production range. Canadian Natural has operations in Western Canada, the North Sea and offshore Africa.
TransAlta Renewables Inc. (TSX:RNW). Down $1.62 or nine per cent to $16.38. TransAlta Renewables Inc. says it will have to replace all 50 turbine foundations at a wind farm in New Brunswick where a tower collapsed last year. The company says an analysis indicates that deficiencies in the original design of the foundations have caused cracks within the foundations and that they must be replaced. Based on initial estimates, TransAlta says the replacement of the foundations at its Kent Hills 1 and 2 wind sites is expected to cost between $75 million and $100 million. It also estimates it will result in forgone revenue of about $3.4 million per month on an annualized basis for so long as all 50 wind turbines are offline, based on average historical wind production. Revenue generation is expected to resume as wind turbines are individually returned to service following their foundation replacement. The company expects the foundations to be fully replaced by the end of 2023.
This report by The Canadian Press was first published Jan. 11, 2022.
The Canadian Press
