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Message: significant" gas condensate field discovery in Colombia.

significant" gas condensate field discovery in Colombia.

posted on May 20, 2009 12:54PM

DJ Canada Hot Stocks: Canaccord, Talisman, CVTech, NAL Oil



Among the companies whose shares are making notable moves in Wednesday's session are Canaccord Capital Corp. (CCI.T), Talisman Energy Inc. (TLM), CVTech Group Inc. (CVT.T) and NAL Oil & Gas Trust (NAE.UN.T).



Canaccord Capital (C$7.66, C$0.41, 5.7%) posted a fourth-quarter profit of 7 Canadian cents a share, compared with a loss of 80 Canadian cents a year earlier. Excluding items, earnings were 7 Canadian cents versus 15 Canadian cents, well ahead of the Thomson Reuters mean estimate for a loss of 12 Canadian cents. Revenue fell 25% to C$107 million.





Talisman Energy (C$17.82, C$0.87, 5.1%) announced a "significant" gas condensate field discovery in Colombia. One reservoir was tested at 3,400 b/d of gas condensate.



CVTech Group (C$1.59, C$0.29, 22%) said its Thiro USA Inc. unit has received a three-year contract estimated at $150 million to construct, maintain and repair electrical distribution lines in Massachusetts and Rhode Island.



NAL Oil & Gas Trust (C$9.23, -C$0.52, -5.3%) plans an offering of 8,350,000 trust units at C$9 Each for gross proceeds of about C$75 million.



Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?... You can use this link on the day this article is published and the following day.

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