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Message: Fortuna Gets Mention In WSJ

Canada Stocks to Watch: Encana, TransGlobe and Fortuna Silver

Apr 14, 2014


Here are a few of the stocks we’re watching in trading Monday:

Texas-based Stabilis Energy has agreed to buy the U.S.-based assets of Encana Natural Gas Inc.ECA.T +4.53% for an undisclosed amount. The Denver-based unit of Encana Corp. distributes liquefied natural gas fuel to domestic high horsepower engine operators in sectors such as oilfield, mining, rail and marine.

TransGlobe Energy Corp.TGL.T +2.57%said its previously announced arrangement with Caracal Energy Inc.CRCL.LN +0.19% has been terminated after Caracal agreed to be taken over by Glencore Xstrata PLC.GLNCY +1.09% TransGlobe said it has received a $9.25 million break-up fee from Caracal and said it plans to reintroduce its previously announced dividend.

Fortuna Silver Mines Inc.FVI.T +0.70% said first-quarter silver production was up 55% from a year earlier, while gold production climbed 81%. It said both gold and silver output was above plan and costs remained in line with its guidance for the year. It also said it’s on track to produce 6 million ounces of silver and 32,300 ounces of gold this year.

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