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  • Writer's pictureLucas Friesen

Market Summary: March 6, 2024

Here is your market summary for March 6, 2024. The TSX rose 68.03 points today. Financial results keep rolling and an update from the Guyana oil disputes.


Constellation Software Inc. has $10.89B (U.S.) in assets and liabilities. It earned $62M (U.S.) on revenue of $8.4B (U.S.) in 2023. It earned $551M (U.S.) on revenue of $6.62B (U.S.) in 2022. It has $1.28B (U.S.) in cash. Market cap: $78.06B.


Tourmaline Oil Corp. has $20.09B in assets and liabilities. It earned $1.73B on revenue from commodity sales and realized gains of $6.7B in 2023. It earned $4.48B on revenue from commodity sales and realized gains of $7.74B in 2022. It produced 520,366 barrels of oil equivalent per day in 2023. It will pay a special dividend of $0.50 per share and a quarterly dividend of $0.30 per share on March 21. It has 1.2 billion barrels of oil equivalent in proved, developed and producing reserves. Market cap: $22.15B.


The Descartes Systems Group Inc. has $1.47B (U.S.) in assets and liabilities. It earned $115.9M (U.S.) on revenue of $572.93M (U.S.) in the year ended Jan. 31, 2024. It earned $102.23M (U.S.) on revenue of $486.01M (U.S.)  in the year ended Jan. 31, 2023. It has $320.95M (U.S.) in cash. Market cap: $10.03B.


Paramount Resources Ltd. has $4.38B in assets and liabilities. It earned $470.2M on revenue of $1.79B in 2023. It earned $680.6M on revenue of $2.18B in 2022. It has $48.9M in cash and equivalents. It has 165 million barrels of oil equivalent in proved, developed and producing reserves. It has revised its guidance and now plans to have 2024 sales of between 100,000 and 106,000 barrels of oil equivalent per day. This is a guidance decrease of 9,000 boe/d. It will pay a dividend of $0.125 per Class A share on March 28. Market cap: $3.97B.


Curaleaf Holdings Inc. has $3.09B in assets and liabilities. It lost $290.33M on revenue of $1.34B in 2023. It lost $376.93M on revenue of $1.27B in 2022. It has $91.8M in cash. Market cap: $3.85B.


Canfor Corp. has $6.13B in assets and liabilities. It lost $348.5M on sales of $5.42B in 2023. It earned $861.1M on sales of $7.42B in 2022. It has $627.4M in cash and equivalents. Market cap: $2.02B.


Savaria Corp. has $1.1B in assets and liabilities. It earned $37.84M on revenue of $836.95M in 2023. It earned $35.31M on revenue of $789.09M in 2022. It has $54.07M in cash. Market cap: $1.19B.


Ag Growth International Inc. has $1.65B in assets and liabilities. It earned $68.88M on revenue of $1.52B in 2023. It lost $50.58M on revenue of $1.45B in 2022. It has $88.04M in cash and equivalents. It will pay a dividend of $0.15 per share on April 15. Market cap: $1.14B.

Converge Technology Solutions Corp. has $2.15B in assets and liabilities. It lost $6.39M on revenue of $2.7B in 2023. It earned $22.84M on revenue of $2.16B in 2022. It has $169.87M in cash. Market cap: $1.05B.


Andlauer Healthcare Group Inc. has $682.42M in assets and liabilities. It earned $66.14M on revenue of $647.95M in 2023. It earned $76.27M on revenue of $648.42M in 2022. It has $59.74M in cash and equivalents. Market cap: $837M.


Two arrows pointing down. One red and one blue. Blue writing.

In the U.S., Exxon Mobil Corp. has filed for arbitration to protect its right to property involved in Chevron Corp.’s deal to acquire Hess Corp. This relates to offshore drilling in Guyana, a country whose border was recently brought into dispute by Venezuela. Exxon holds a 45% interest in the off-shore drilling project while Cnooc Ltd. owns 25% and Hess owns 30%. The Chevron/Hess deal is valued at $53B (U.S.). Exxon market cap: $419.16B (U.S.). Chevron market cap: $277.83B (U.S.). Hess market cap: $44.95B (U.S.). Cnooc market cap: $828.68 (Hong Kong).

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