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Precision Drilling (TSE:PD) reports reduced Q3 loss, increased oilfield activity

Precision Drilling Corporation (TSE:PD, Mkt cap 1.93B, EPS -1.49, Shares 293.24M) has reported a loss for the third quarter but expects rig bookings to improve in 2017.
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Market Outlook – THIRD QUARTER 2016 RETROSPECTIVE AND PROSPECTIVE

We head into the final quarter of 2016 with some trepidation. Many parts of the world are experiencing political and economic uncertainty. For the most part, stock markets have exhibited great resiliency in the face of anaemic economic growth, rising protectionist sentiment and increasing regulatory constraints. [+] Read More

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Fortis (NYSE:FTS) completes its biggest acquisition to date

Fortis Inc (NYSE:FTS, TSE:FTS, Mkt cap 17.01B, P/E 19.28, Div/yield 0.40/3.76, EPS 1.94, Shares 399.83M) has completed its acquisition of electric transmission company ITC Holdings Corp. for approximately US$11.3bn.
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Wood Group helps Suncor Energy (TSE:SU) cut well pad costs

Suncor Energy Inc (TSE:SU, Mkt cap 60.94B, Div/yield 0.29/3.15, EPS -1.95, Shares 1.66B) has awarded a three-year contract to Wood Group for its cost-saving heavy oil well pad design.
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Bank of Canada’s business outlook survey finds optimism

The autumn Business Outlook Survey from Bank of Canada has found some signs of improving business prospects, as resource-related activity appears to be gradually bottoming out and foreign demand is supporting firms’ sales expectations.
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Thomson Reuters (TSE:TRI) sells Intellectual Property & Science Business for $3.55bn

Thomson Reuters Corp (TSE:TRI, Mkt cap 40.52B, P/E 26.96, Div/yield 0.44/3.21, EPS 2.02, Shares 741.16M) has completed the sale of its Intellectual Property & Science (IP&S) business, a deal first announced in July.
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TSE:ENB – Minnesota groups raise concerns over Enbridge’s pipeline plans

Two environmental groups have asked Minnesota regulators to take another look at Enbridge Inc.’s (TSE:ENB, Mkt cap 53.08B, P/E 40.04, Div/yield 0.53/3.71, EPS 1.43, Shares 934.23M) proposed oil pipeline in the northern part of the state.
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Inter Pipeline (TSE:IPL) acquires Canadian NGL midstream assets

Inter Pipeline Ltd (TSE:IPL, Mkt cap 9.17B, P/E 20.04, Div/yield 0.13/5.71, EPS 1.36, Shares 337.03M) has completed its acquisition of the Canadian natural gas liquids (NGL) midstream businesses of Williams and Williams Partners for C$1.35bn in cash.
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