Secure Energy Services Shares Rise on C$1.08 Billion Asset Sale
By Adriano Marchese
Shares of Secure Energy Services were higher Monday morning after it agreed to sell 30 energy waste treatment and disposal facilities to Waste Connections for 1.08 billion Canadian dollars ($795 million).
At 9:34 a.m. ET, shares were trading 7.9% higher at C$8.49.
The disposal by Secure Energy is part of the Canadian Competition Tribunal-mandated divestitures after it merged with environmental and energy services company Tervita.
The assets include 18 treatment, recovery and disposal facilities, six landfills, four saltwater disposal injection wells and two disposal caverns.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 11, 2023 09:53 ET (14:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks