DJ CANADA HOT STOCKS TO WATCH: Teck, Lone Pine, Rainy River, Niko
Nov 14, 2012 (Dow Jones Commodities News Select via Comtex) --Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.
Teck Resources Ltd. (TCK, C32.81, down 0.5%) said it's boosting its quarterly dividend by 12.5% to 45 Canadian cents a share.
Lone Pine Resources Inc. (LPR.T , C1.21, down 1.6%) said it has agreed to sell assets in the Wild River area of Alberta for C82 million and will use the proceeds to pay down debt.
Rainy River Resources Ltd. (RR.T, C5.97, up 2.4%) plans to raise about C75 million through a share offering at C5.70 a share.
Niko Resources Ltd. (NKO.T, C8.99, down 7.5%) posted lower oil and gas revenue and funds from operations in the third quarter and said it has named Glen Valk as chief financial officer. It also said it believes "the market has greatly overreacted to the initial results of the Company's drilling campaign in Indonesia."
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