Economic Calendar

Thursday, July 31, 2008

Barrick, Goldcorp, Enbridge, Imperial Oil: Canada Stock Preview

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By John Kipphoff

July 30 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading tomorrow. Stock symbols are in parentheses, and share prices are from the last close in Toronto.

The Standard & Poor's/TSX Composite Index rose 2.6 percent to 13,683.21.

Barrick Gold Corp. (ABX CN): The largest gold producer is scheduled to report second-quarter earnings. Profit for the period may have been 56 cents a share before one-time items, the average estimate of 21 analysts surveyed by Bloomberg. The shares fell 0.3 percent to C$43.36.

Smaller rival Goldcorp Inc. (G CN) may report profit, excluding one-time gains and losses, of 22 cents a share, the average of 16 analysts estimates. Goldcorp shares 1.5 percent to C$39.85.

Canfor Corp. (CFP CN): Canada's second-largest lumber producer said it had a second-quarter loss, excluding one-time items, of C$20.8 million, or 15 cents a share. Six analysts in a Bloomberg survey expected a loss of 32 cents, on average. The shares rose 2.2 percent to C$7.40.

Eldorado Gold Corp. (ELD CN): The gold mining company said that it agreed to sell its Sao Bento mine in Brazil to AngloGold Ashanti Ltd. (ANG SJ). Anglogold will pay $70 million in stock tradeable in New York for Sao Bento, Vancouver-based Eldorado said in a statement on Marketwire. Eldorado shares gained 3 percent to C$8.03.

Enbridge Inc. (ENB CN): Canada's largest pipeline company may say that second-quarter profit was 38 cents a share before one-time items, the average of 11 analyst estimates compiled by Bloomberg. The shares rose 0.7 percent to C$43.64.

Imperial Oil Ltd. (IMO CN): Canada's largest oil company may say that second-quarter profit adjusted for one-time items was C$1.27 a share, the average of eight analyst estimates compiled by Bloomberg. The shares rose 2.1 percent to C$51.58.

West Fraser Timber Co. (WFT CN): Canada's largest lumber producer had a second-quarter loss of 66 cents a share excluding one-time items, beating the average analyst estimate for a loss of 80 cents a share. The shares fell 0.2 percent to C$32.74.

To contact the reporter on this story: John Kipphoff in Montreal at jkipphoff@bloomberg.net.


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