Twin Butte dives 17% despite higher production: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| February 1, 2013


On Friday, the top TSX mover was Twin Butte Energy Ltd. (TSX: T.TBE, Stock Forum). The stock fell 16.92% and was trading at $2.21 on volume of 8.3 million. On Jan. 31, the intermediate oil producer said average production for the quarter was approximately 17,400 barrels of oil per day, a 27% increase from the third quarter.

BNK Petroleum Inc. (TSX: T.BKX, Stock Forum) was the second most active stock on the TSX. It rose 2.04% and was trading at $0.50 on volume of 6 million shares. On Jan. 29, the oil and gas producer said its subsidiary, BNK US, obtained a new US$76,000,000 credit facility from Morgan Stanley Capital Group Inc.  

Antolia Energy Corp. (TSX: V.AEE, Stock Forum) was the volume leader on the TSX Venture Exchange. It gained 12.5% and was trading at $0.09 on volume of 6 million. On Jan. 15, the oil and gas company said that its partner, Çalik Enerji San. ve Tic. AS., a wholly-owned oil and gas subsidiary of the large Turkish conglomerate, has commenced drilling at Giremir-1, the initial exploration well on the Sinan Licence in Turkey, where Anatolia can earn a 50% interest.

The second most active stock on the TSX Venture was DEQ Systems Corp. (TSX: V.DEQ, Stock Forum). It lost 7.78% and was trading at $0.415 after 2 million shares changed hands. On Jan. 9, the table game provider concluded a strategic alliance with Unlimited Concepts.

The agreement will see DEQ taking over the commercialization responsibilities for the currently commercialized products.


Tags: OIL & GAS E&P SOFTWARE - APPLICATION STOCKS MARKET

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