Open Range Surges After Spinoff of Service and Supply Business
Adjusted to reflect the spinoff, Open Range shares jumped 55 Canadian cents to C$2.31 after closing at a record yesterday. Open Range, based in Calgary, surged 40 percent on Sept. 6, the day it said it would form the new company.
Poseidon climbed to C$12.30 after opening at C$11.20.
To contact the reporter on this story: Matt Walcoff in Toronto at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Baker at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.