Bidding heats up on Canada Southern Petroleum

Sometimes corporate acquisitions are simple - a done deal at midnight. Sometimes the card playing moves on into the wee hours of the morning. Canada Southern Petroleum (TSX:CSW) seems to be holding the cards on its potential acquisition. The bidding for CSW has been raised to US$13 as PetroCanada (TSX:PCA) gets more aggressive in its interest in CSW. PCA's original May bid of US$7.50 has now been raised 73% thanks to active interest from Canadian Oil Sands Trust (TSX:COS.UN) and Canadian Superior Energy (TSX:SNG).

 

The original buyout offer triggered a Stock Trends Portfolio buy of CSW on June 8th at CDN $10.18. CSW trades 15% up today at CDN $15.17. Trading on the news sometimes pays off when the news just keeps coming. It's always nice to be wanted.... CSW shareholders are enjoying the popularity of the day.

 

http://www.stocktrends.ca/?page=streport&symbol=CSW-T

 

Smucker jams it up

Some consumer staple stocks have picked up recently, and there is no better morning staple than jam. J.M. Smucker Co (NYSE:SJM) has rallied over the past few weeks as the market responds to strong financial results. Given the move to defensive stocks in some quarters, SJM's growing price momentum spells bread and butter for value investors. The changing trend situation has also made the stock a recent Stock Trends Pick of the Week.

 

http://www.stocktrends.ca/?page=streport&symbol=SJM-N