Articles Tagged "funds"

$ Deals In The Making For Oil

Its a top oil firm after the $23-billion deal and is soon expected to be a must-have stock. Suncor Energy Inc, newly bulked up from its C$22.5 billion (US$ 20.8 billion) acquisition of Petro-Canada, would likely be the No. 2 issue on the Toronto Stock Exchange's (TSX) benchmark index GSPTSE, with a market cap close to C$55 billion. Suncor is set to be Canada's biggest energy company and largest industrial concern. The beefed-up firm is likely to see early demand for its shares from index funds. It is also set to attract big investors that need substantial holdings in large, liquid stock issues.

Crude oil headed for $71.55 a barrel

Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.

KNM’s Lee to consider leading a management buyout

KNM Group Bhd. reported to consider leading a management buyout of the Malaysian oil and gas services provider as long as banks can raise the funds. Managing Director, Lee See Eng expects oil and gas producers to proceed with more exploration projects if oil surges beyond $50 a barrel, or stabilizes at a level between [...]

Speculative funds leaving crude oil

U.S. Commodity Futures Trading Commission charged one investment fund last month on the basis that it gained illegal profits by manipulating crude oil and other markets. With such moves to control investment funds, speculative money seems to be moving away from the markets. For more information, click here