Latest Reports on Athabasca Oil, Crescent Point Energy, Media General, and Trevali Mining

NEW YORK, NY / ACCESSWIRE / September 12, 2016 / North American markets posted sharp declines Friday as signs began to emerge that central banks could shy away from easy-money policies. The S&P/TSX Composite Index declined 1.78 percent to close at 14,539.88, while the S&P/TSX Venture Composite Index fell 1.63 percent to close at 812.17. The energy and mining stocks experienced sharp declines as commodity prices slipped. The Energy and Materials sector posted declines of 3.01 percent and 3.62 percent, respectively.

The S&P 500 Index fell 2.45 percent to close at 2,127.81. Federal Reserve President Eric Rosengren said “risks to the forecast are becoming increasingly two-sided,” hinting that slowdowns in economies still remain a concern and that the tightening of interest rates may be needed to avoid overheating the economy.

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Athabasca Oil Corp. (TSX: ATH)

Get Your Up-To-Date Athabasca Oil Research Report at www.rdinvesting.com/company/ATH

Athabasca Oil’s shares fell 10.77 percent to close at C$1.16 a share Friday. The stock traded between C$1.14 and C$1.28 on volume of 4.02 million shares traded. The company reported corporate production, adjusted for the Murphy joint venture, averaged 11,101 barrels of oil equivalent per day (BOE/D) (74% liquids) for the second quarter of 2016, an increase of 103 percent when compared to the second quarter of 2015. Capital expenditures totaled approximately $6 million in the second quarter. Shares of Athabasca Oil have fallen approximately 24.7 percent year-to-date and are down roughly 7.2 percent in the past month.

Crescent Point Energy Corp. (TSX: CPG)

Get Your Up-To-Date Crescent Point Energy Research Report at www.rdinvesting.com/company/CPG

Crescent Point Energy’s shares fell 10.41 percent to close at C$18.15 a share Friday. The stock traded between C$18.08 and C$18.88 on volume of 12.97 million shares traded. The company has recently entered into an agreement, on a bought deal basis, to sell 33.7 million common shares at C$19.30 per share to raise gross proceeds of approximately C$650 million. Shares of Crescent Point Energy have gained approximately 12.6 percent year-to-date and are down roughly 12 percent in the past month.

Media General Inc. (NYSE: MEG)

Get Your Up-To-Date Media General Research Report at www.rdinvesting.com/company/NHC

Media General’s shares declined 0.84 percent to close at $17.76 a share Friday. The stock traded between $17.72 and $17.95 on volume of 1.01 million shares traded. The company will be added to the S&P/TSX SmallCap Index after the close of trading on Friday, September 16th, 2016. Shares of Media General have fallen approximately 9.97 percent year-to-date and have gained roughly 1.95 percent in the past month.

Trevali Mining Corp. (TSX: TV)

Get Your Up-To-Date Trevali Mining Research Report at www.rdinvesting.com/company/BNP

Trevali Mining’s shares gained 1.11 percent to close at C$0.91 a share Friday. The stock traded between C$0.89 and C$0.92 on volume of 2.65 million shares traded. The company reported record Santander mill throughput of 219,086 tonnes resulting in quarterly production of 15.2 million payable pounds of zinc, 5.6 million payable pounds of lead and 222,121 payable ounces of silver for the second quarter of 2016. Shares of Trevali Mining have gained approximately 78.4 percent year-to-date and are down roughly 7.1 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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