Petroleum Equity has increased its stake in German oil and gas company RAG Deutschland GmbH (RDG) to 100% by acquiring the remaining 50% stake in the latter from Rohol-Aufsuchungs Aktiengesellschaft (RAG).
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 23 white candles and 25 black candles for a net of 2 black candles.
EnCana Corp. was down 5 per cent to $16.72 and Cenovus Energy Inc. declined 4.1 per cent to $13.07. On the positive side of the ledger, marijuana stocks extend Monday's gains, with Aurora Cannabis up 3.6 per cent to $11.91 and Canopy Growth Corp.
Calgary, Alberta-based Encana said it estimates production from these assets increased about 31 percent in the three months ended December, topping the forecast of a 25 percent to 30 percent rise it gave in September.