Energy Junior Gushes on Takeover Bid

Sean Mason | February 25, 2016 | SmallCapPower

Canada’s sliding oil sector got a bit of good news Thursday, while declining revenue hurt a mining stock. Here’s some small stocks making big moves on Thursday, February 25, 2016 (as of 4 pm EST):

BXO logoBoulder Energy Inc. (TSX: BXO) shares powered 68% higher to $2.55 on Thursday after the junior oil and natural gas producer announced that it has agreed to be acquired by ARC Energy Fund 8 for cash consideration of $2.59 per share.

As well, shares of Thompson Creek Metals Company Inc. (TSX: TCM) slipped 18% to $0.335 as the North American mining company said its 2015 revenue fell to US$494.1 million from $806.7 million in 2014.

Canacol Energy Ltd. (TSX: CNE), meanwhile, reported that Oboe 1, an appraisal well drilled in its Clarinete gas field in Colombia on the VIM 5 Exploration and Production Contract, has tested at a maximum rate of 26 million standard cubic feet per day (4,561 barrels of oil equivalent) of dry gas with no water from the Cienaga de Oro reservoir. Canacol Energy stock moved up 10% to $3.17 following the announcement.

See more Canacol insights here >>

Finally, CRH Medical Corporation (TSX: CRH) shares gained 13% to $4.20 after the North American medical company announced that its 2015 revenue surged to $46,048,480, compared to $11,984,170 during the same period last year.

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