IFRS 13 Fair Value measurement defines fair value as, ‘the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date’. 503 more words
Tags » Corporate Reporting
In a surprise announcement, Calgary-based Trican Well Service Ltd. said it is negotiating the sale of its Russian and Kazakhstan well completion businesses following an unsolicited takeover bid from an unnamed party. 792 more words
Cenovus Energy Inc, Canada’s No.2 independent oil producer, reported a bigger-than-expected quarterly loss due to lower natural gas and crude oil prices.
Cenovus said average realized prices for oil fell 47 per cent to $37.66 per barrel in the first quarter ended March 31 and natural gas prices declined 25 per cent to $4.47 per thousand cubic feet. 178 more words
OTTAWA — Canada Post Group returned to profitability last year as the national postal service both grew revenue and reduced expenses.
The group that includes Canada Post, Purolator and other businesses had a $198-million net profit, compared with a $29-million net loss in 2013. 255 more words
Twin Butte Energy Ltd. has appointed a new chief executive officer — and in the same news release announced that senior management and directors will take a 10 per cent cut in salary and fees so they can share investors pain due to low oil prices. 562 more words