July 20, 2014 – News Today

Perpetual Energy shares jump on joint venture news

Shares in Perpetual Energy Inc. rose 15 per cent to a new 52-week high of $2.25 on Friday as analysts continued to praise a $120-million joint venture deal on its Edson Alberta Wilrich assets. The deal, announced Wednesday along with news that it had sold royalty interests for $20.5 million, was linked to a 19.5 per cent rise in the stock on Thursday to $1.96. Read More