-5.4 C
Fort St. John
Thursday, November 15, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
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Possible Merger between Suncor and Petro-Canada

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Shareholders at Suncor and Petro-Canada will decide today whether to approve a merger.

The two companies are holding separate shareholder meetings in Calgary, to vote on the 19 billion dollar deal.

They first announced their plans to merge back in March and if the deal is approved, it will create one of the top five energy companies in North America.

It will also be the second largest company to trade on the Toronto Stock Exchange after the Royal Bank. The vote comes at a time, when the price of oil is on the rise again.

At last report it was over 67 dollars U.S. a barrel but the Canadian dollar which has for the most part piggy-backed the increase, was down five basis points from yesterday’s close at 90.17 cents U.S.

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Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

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Must Read

Oilmen’s Bonspiel taking place at the FSJ Curling Club

FORT ST. JOHN, B.C. - The Fort St. John Curling Club will be hosting the Oilmen's Bonspiel this week at the Curling Club. Trudy Mitchell, General...