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Record oil lifts energy burse


Published May 21, 2008
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EnCana donkeys ears

The record oil price has helped the Canadian stock market to its own highest ever mark, as energy stocks soared in Toronto to 50 percent abover where they were at in January 2008.

New Year blues at $100 a barrel oil have been erased, and yesterday oil rose in New York by $2 to reach $129.60.

The good new percolated down, and EnCana gained $1.75, Suncor soared $4.84 and Canadian Superior rose slightly despite declaring plans to build spend $550 million to build a terminal for liquefied natural gas, the Excalibur project, offshore New Jersey.



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