Opti Canada (TSX: T.OPC) shares rallied 8.95% to $2.06 in Wednesday trading. The company announced Tuesday after the close that it was “considering strategic alternatives for enhancing shareholder value” – the often-used shorthand when a company is putting itself up for sale or merger. In a press release, Opti said it does not believe its share [...]

Calgary-based OPTI Canada (TSX: T.OPC) announced its first quarter results Tuesday, including a net loss of $97 million or 50 cents per share, compared with a restated $6 million or three cent loss per share in last year’s Q1.

Alberta Oilsands (TSX: V.AOS) shares climbed 38% to 29 cents on Monday after the early stage oil sands exploration and development firm said it has successfully completed a Slave Point exploration discovery well at the Hamburg 13-29-095-12W6M location in the Chinchaga/Ladyfern area of northwest Alberta. AOS has a 50% working interest in the well, which was spudded on February 16, and was flow tested between March 18th and 19th at various flow rates for deliverability potential. The final flow rate at the end of the test was 539 10(3)m(3), or 19 MMcf/d gross (1583 boe/d net), at a flowing tubing pressure of 8592 kPag or 1246 psig.