Tourmaline Oil, Resolute Forest Products shares reach 52-week high

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| March 25, 2013


 Tourmaline Oil Corp. (TSX: T.TOU, Stock Forum) briefly hit $39.39 on before closing at $39.15, for an increase of 1.16%. 

On March 19, the oil and gas junior said it had achieved exceptional growth in reserves (69%), production (64%) and cash flow (16%) in 2012 while delivering strong profitability in its year-end financial results.

The second company to make the 52-week-high list was Resolute Forest products Inc. (TSX: T.RFP, Stock Forum). The stock hit a new peak of $17.45, before closing at $17.39, for an increase of 0.99%. 

On March 22, the forest products company announced that the board of directors had nominated Michel Desbiens and Jennifer Dolan to stand for election as new board members. Desbiens and Dolan will join seven other current members of the board standing for re-election at Resolute's upcoming annual meeting of stockholders on May 16, 2013.



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