Birchcliff, Cenovus, Manulife, Taseko: Canadian Equity Preview
Birchcliff Energy Ltd. (BIR CT): The Western Canadian oil and gas producer was cut to “hold” from “buy” at Canaccord Genuity Corp.
Cenovus Energy Inc. (CVE CT): The oil company spun off last year from EnCana Corp. said its Foster Creek oil sands operation received regulatory approval from the Alberta Energy Resources Conservation Board for an expansion.
Manulife Financial Corp. (MFC CT): Canada’s biggest insurer was raised to “buy” from “hold” at Desjardins Securities.
Taseko Mines Ltd. (TKO CT): The copper and molybdenum mining company said in filings to Canadian and U.S. regulators that it may sell much as C$300 million ($291 million) of stock, warrants and other securities for working capital and general corporate purposes.
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