Economic Calendar

Monday, September 15, 2008

Bankers Petroleum, CanWest, High River: Canada Stock Preview

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By John Kipphoff

Sept. 15 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading on Sept. 15. Stock symbols are in parentheses, and share prices are from the previous close in Toronto.

The Standard & Poor's/TSX Composite Index rose 1.2 percent to 12,769.58.

Bankers Petroleum Ltd. (BNK CN); New Gold Inc. (NGD CN) will be added to the S&P/TSX on Sept. 22, S&P said in a statement on its Web site.

The following stocks will be deleted on Sept. 22, S&P said: CanWest Global Communications Corp. (CGS CN); Centerra Gold Inc. (CG CN), Fronteer Development Group Inc. (FRG CN); High River Gold Mines Ltd. (HRG CN); Shore Gold Inc. (SGF CN).

High River Gold (HRG CN): The owner of the Berezitovy mine in Siberia said it engaged CIBC World Markets Inc. and Cormark Securities Inc. as financial advisers. The move is part of a review of strategic alternatives for maximizing shareholder value, Toronto-Based High River said in a statement on Marketwire. The shares gained 9.1 percent to 60 cents.

Transat A.T. Inc. (TRZ/B CN): Canada's largest tour operator was raised to ``outperform'' from ``sector perform'' by Nicholas Morton at RBC Capital Markets. The Toronto-based analyst set a share-price target of C$34. The shares rose 1 percent to C$17.

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


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