Latest Reports on BlackBerry, Birchcliff Energy, Suncor Energy, and Toronto Dominion Bank

NEW YORK, NY / ACCESSWIRE / September 14, 2016 / North American Markets slumped Tuesday as oil prices dropped sharply after the International Energy Agency (IEA) cut forecasts for global oil demand in 2016 due to “wobbling” demand from Asia. The S&P/TSX Composite Index dropped 1.70 percent to close at 14,370.48 14,349.10, while the S&P/TSX Venture Composite Index fell 2.06 percent to close at 797.17. The Dow Jones Industrial Average and the S&P 500 posted declines of 1.41 percent and 1.48 percent, respectively.

The IEA has lowered its demand growth forecasts by 100,000 barrels a day to 1.3 million barrels a day in 2016. Global oil demand has experienced an accelerated slowdown in the third quarter of 2016, dropping to 800,000 barrels a day, compared to 2.3 million barrels a day in the third quarter of 2015, according to the IEA.

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BlackBerry Ltd. (TSX: BB)

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BlackBerry’s shares fell 4.03 percent to close at C$9.53 a share Tuesday. The stock traded between C$9.53 and C$9.93 on volume of 1.31 million shares traded. On September 2nd, the company announced that its SecuTABLET is being used by government agencies in Germany. “BlackBerry’s highly secure tablet, integrated with government-grade MAM technology, is based on the latest version of the Samsung Galaxy Tab S2, and was approved by the German Federal Office for information security (BSI) at the “classified — for official use only” (VS-NfD) security level.” the company stated in its news release. Shares of BlackBerry have fallen approximately 25.8 percent year-to-date and have fallen roughly 9.1 percent in the past month.

Birchcliff Energy Ltd. (TSX: BIR)

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Birchcliff Energy shares declined 4.98 percent to close at C$8.59 a share Tuesday. The stock traded between C$8.55 and C$9.07 on volume of 1.69 million shares traded. The company reported average production of 39,513 boe/d at operating costs of $3.45 per boe for the second quarter of 2016, a 3% increase from 38,489 boe/d in the second quarter of 2015. Shares of Birchcliff Energy have gained approximately 112.6 percent year-to-date, but have fallen roughly 3.3 percent in the past month.

Suncor Energy Inc. (TSEX: SU)

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Suncor Energy’s shares declined 1.83 percent to close at C$34.29 a share Tuesday. The stock traded between C$34.10 and C$34.73 on volume of 3.33 million shares traded. On September 6th, the company announced that it has signed a participation agreement for the purchase and sale of a 34.3 percent equity interest in Suncor’s East Tank Farm development to Fort McKay First Nation. Shares of Enbridge have fallen approximately 4.0 percent year-to-date and are down roughly 5.9 percent in the past month.

Toronto-Dominion Bank (TSX: TD)

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Toronto-Dominion Bank’s shares declined 1.10 percent to close at C$57.33 a share Tuesday. The stock traded between C$57.05 and C$57.73 on volume of 2.66 million shares traded. On September 13th, the company announced that TD Securities U.S. has acquired Albert Fried & Company, a New York-based broker-dealer. “Acquiring U.S. clearing and a technology platform enhances our capabilities and lays a solid foundation for us to integrate prime brokerage into our client service offering and expand our U.S. business,” said Glenn Gibson, senior vice-president and vice-chair, TD Securities U.S. “Our plan is to complete the technology platform development with the aim to be fully operational in the prime brokerage business in 2017.” Shares of Toronto-Dominion Bank have gained approximately 5.7 percent year-to-date and have gained roughly 0.28 percent in the past month.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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