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TSX Venture comes roaring back, surges 114 per cent from all-time lows – BNN

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The recent run in junior mining stocks has sent the S&P/TSX Venture Composite Index surging, with Canadian small caps easily outpacing gains made by major indices on both sides of the border.

The Venture Composite Index has gained 114 per cent after hitting an all-time low on March 18, easily outpacing the 48 per cent gain booked by its big-brother TSX since its year-to-date trough on March 23.

The TSX Venture counts some of Canada’s most speculative stocks among its members, including many pre-profitability and at times, pre-revenue firms. The index has seen an influx of cannabis companies join its ranks as Canada legalized recreation pot, but It remains dominated by junior miners, with materials accounting for a full 62.5 per cent of the index.

Sentiment around gold stocks has improved markedly during bullion’s record-breaking rise over the course of 2020, helping drive trading activity on the venture to levels not seen in years.

The small cap index’s returns even dwarfed the 65 per cent gains booked by the Dow Jones Micro Cap Index during the same period, easily topping the performance of its closest peer south of the border.

In all, 368 of the Venture’s 388 constituents are in positive territory since the March lows. BNN Bloomberg takes a look at some of the notable performances:

Gainers:

Pyrogenesis Canada Inc: +2,675 per cent
MedMira Inc.: +1,875 per cent
Teuton Resources: +1,230 per cent

Montreal-based Pyrogenesis was the top performer on the venture exchange, gaining nearly 2,700 per cent in less than five months. The company specialized in plasma-fired systems, including industrial-grade incinerators and plasma torches used in the oil and gas industry to cut through thick metal sheets.

Shares of medical-testing company MedMira surges through the early months of the pandemic, rising almost 1,900 per cent. The company, which develops rapid tests for HIV and syphilis, among other diseases, turned its attention to COVID-19 in the wake of the outbreak. Shares of the company surged 214 per cent in a single session after MedMira announced it applied to the U.S. Food and Drug Administration for an Emergency Use authorization to begin selling its COVID test.

In spite of the TSX Venture’s resource-heavy reputation, junior gold exploration company Teuton Resources was the only materials stock to crack the top three. The company, which is focused on exploration in Northern British Columbia’s Golden Triangle district, got a boost after it attracted the interest of long-time gold investor Eric Sprott. Sprott increased his stake in the company earlier in the summer, buying an additional $9 million stake through a private placement. Sprott now owns about 20.5 per cent of the firm, according to data compiled by Bloomberg.

Losers:

Perisson Petroleum Corp: -40 per cent
Mosaic Capital Corp.: -39 per cent
Decisive Dividend Corp: -39 per cent

Perisson Petroleum booked the largest percentage loss among TSX Venture listings from trough to peak, falling 40 per cent. The oil-and-gas exploration and production services firm’s shares are thinly traded, often going days without a single trade. The company holds oil and gas producing properties near Wainwright, Alta.

Shares of Mosaic Capital and Decisive Dividend booked nearly identical 39 per cent losses from the lows, as the COVID chill fell over Canadian small business activity. The firms, which both invest in small Canadian businesses in a bid to generate stable dividends for shareholders, were both forced to suspend their payouts as the slowdown activity weighed on revenue on their portfolio companies.​
 

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Stop Asking Your Interviewer Cliché Questions

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Most job search advice is cookie-cutter. The advice you’re following is almost certainly the same advice other job seekers follow, making you just another candidate following the same script.

In today’s hyper-competitive job market, standing out is critical, a challenge most job seekers struggle with. Instead of relying on generic questions recommended by self-proclaimed career coaches, which often lead to a forgettable interview, ask unique, thought-provoking questions that’ll spark engaging conversations and leave a lasting impression.

English philosopher Francis Bacon once said, “A prudent question is one half of wisdom.”

The questions you ask convey the following:

  • Your level of interest in the company and the role.
  • Contributing to your employer’s success is essential.
  • You desire a cultural fit.

Here are the top four questions experts recommend candidates ask; hence, they’ve become cliché questions you should avoid asking:

  • “What are the key responsibilities of this position?”

Most likely, the job description answers this question. Therefore, asking this question indicates you didn’t read the job description. If you require clarification, ask, “How many outbound calls will I be required to make daily?” “What will be my monthly revenue target?”

  • “What does a typical day look like?”

Although it’s important to understand day-to-day expectations, this question tends to elicit vague responses and rarely leads to a deeper conversation. Don’t focus on what your day will look like; instead, focus on being clear on the results you need to deliver. Nobody I know has ever been fired for not following a “typical day.” However, I know several people who were fired for failing to meet expectations. Before accepting a job offer, ensure you’re capable of meeting the employer’s expectations.

  • “How would you describe the company culture?”

Asking this question screams, “I read somewhere to ask this question.” There are much better ways to research a company’s culture, such as speaking to current and former employees, reading online reviews and news articles. Furthermore, since your interviewer works for the company, they’re presumably comfortable with the culture. Do you expect your interviewer to give you the brutal truth? “Be careful of Craig; get on his bad side, and he’ll make your life miserable.” “Bob is close to retirement. I give him lots of slack, which the rest of the team needs to pick up.”

Truism: No matter how much due diligence you do, only when you start working for the employer will you experience and, therefore, know their culture firsthand.

  • “What opportunities are there for professional development?”

When asked this question, I immediately think the candidate cares more about gaining than contributing, a showstopper. Managing your career is your responsibility, not your employer’s.

Cliché questions don’t impress hiring managers, nor will they differentiate you from your competition. To transform your interaction with your interviewer from a Q&A session into a dynamic discussion, ask unique, insightful questions.

Here are my four go-to questions—I have many moreto accomplish this:

  • “Describe your management style. How will you manage me?”

This question gives your interviewer the opportunity to talk about themselves, which we all love doing. As well, being in sync with my boss is extremely important to me. The management style of who’ll be my boss is a determining factor in whether or not I’ll accept the job.

  • “What is the one thing I should never do that’ll piss you off and possibly damage our working relationship beyond repair?”

This question also allows me to determine whether I and my to-be boss would be in sync. Sometimes I ask, “What are your pet peeves?”

  • “When I join the team, what would be the most important contribution you’d want to see from me in the first six months?”

Setting myself up for failure is the last thing I want. As I mentioned, focus on the results you need to produce and timelines. How realistic are the expectations? It’s never about the question; it’s about what you want to know. It’s important to know whether you’ll be able to meet or even exceed your new boss’s expectations.

  • “If I wanted to sell you on an idea or suggestion, what do you need to know?”

Years ago, a candidate asked me this question. I was impressed he wasn’t looking just to put in time; he was looking for how he could be a contributing employee. Every time I ask this question, it leads to an in-depth discussion.

Other questions I’ve asked:

 

  • “What keeps you up at night?”
  • “If you were to leave this company, who would follow?”
  • “How do you handle an employee making a mistake?”
  • “If you were to give a Ted Talk, what topic would you talk about?”
  • “What are three highly valued skills at [company] that I should master to advance?”
  • “What are the informal expectations of the role?”
  • “What is one misconception people have about you [or the company]?”

 

Your questions reveal a great deal about your motivations, drive to make a meaningful impact on the business, and a chance to morph the questioning into a conversation. Cliché questions don’t lead to meaningful discussions, whereas unique, thought-provoking questions do and, in turn, make you memorable.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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Canadian Natural Resources reports $2.27-billion third-quarter profit

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CALGARY – Canadian Natural Resources Ltd. reported a third-quarter profit of $2.27 billion, down from $2.34 billion in the same quarter last year.

The company says the profit amounted to $1.06 per diluted share for the quarter that ended Sept. 30 compared with $1.06 per diluted share a year earlier.

Product sales totalled $10.40 billion, down from $11.76 billion in the same quarter last year.

Daily production for the quarter averaged 1,363,086 barrels of oil equivalent per day, down from 1,393,614 a year ago.

On an adjusted basis, Canadian Natural says it earned 97 cents per diluted share for the quarter, down from an adjusted profit of $1.30 per diluted share in the same quarter last year.

The average analyst estimate had been for a profit of 90 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CNQ)

The Canadian Press. All rights reserved.

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Cenovus Energy reports $820M Q3 profit, down from $1.86B a year ago

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CALGARY – Cenovus Energy Inc. reported its third-quarter profit fell compared with a year as its revenue edged lower.

The company says it earned $820 million or 42 cents per diluted share for the quarter ended Sept. 30, down from $1.86 billion or 97 cents per diluted share a year earlier.

Revenue for the quarter totalled $14.25 billion, down from $14.58 billion in the same quarter last year.

Total upstream production in the quarter amounted to 771,300 barrels of oil equivalent per day, down from 797,000 a year earlier.

Total downstream throughput was 642,900 barrels per day compared with 664,300 in the same quarter last year.

On an adjusted basis, Cenovus says its funds flow amounted to $1.05 per diluted share in its latest quarter, down from adjusted funds flow of $1.81 per diluted share a year earlier.

This report by The Canadian Press was first published Oct. 31, 2024.

Companies in this story: (TSX:CVE)

The Canadian Press. All rights reserved.

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