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TOURMALINE OIL CORP. $60 is a hold. The company (Toronto symbol TOU; Resources sector; Shares outstanding: 340.8 million; Market cap: $20.4 billion; Dividend yield: 1.9%; Takeover Target Rating: Medium; www.tourmalineoil.com) is a Canadian oil and natural gas exploration, development and production company. Its properties are concentrated in central Alberta… Read More

Spinoffs & Takeovers Hotline – Friday, November 10, 2023

ADF GROUP INC., $5.27, symbol DRX on Toronto, designs and engineers connections, fabrication, heavy steel built-ups, and miscellaneous and architectural metalwork. It provides its services from a 630,000-square-foot fabrication plant in Quebec and a 100,000-square-foot fabrication plant in Montana.

The company’s clients include general contractors, project… Read More