Everything You Need to Know on Thursday: Pembina Announces Completion of PGI's Acquisition from Whitecap Resources

Moomoo News Canada wrote a column · Jan 2 21:53

Everything You Need to Know on Thursday: Pembina Announces Completion of PGI's Acquisition from Whitecap Resources

Good morning mooers! Here are things you need to know about today's market:

● S&P/TSX 60 Index Standard Futures are trading at 1,494.30, up 0.62% from previous close

● Canadian Investors Advised to Focus on U.S. Market Dynamics for Enhanced Returns in 2025

● Pembina Announces Completion of PGI's Acquisition from Whitecap Resources

● Bitfarms Reports 97% Hashrate Growth in 2024, Announces Major Acquisition Progress

● Nouveau Monde Settles Interest Payment on Private Placement with Share Issuance

Currency Snapshot

Today, the Canadian dollar is trading at 69.32 US cents, a decrease from the previous close.

Macro

Canadian Investors Advised to Focus on U.S. Market Dynamics for Enhanced Returns in 2025

Financial experts are advising Canadian investors to closely monitor U.S. economic developments, as they are expected to significantly impact global equity markets in the coming year and beyond. In a recent interview with BNNBloomberg.ca, Andrey Omelchak, President and Chief Investment Officer of LionGuard Capital Management, emphasized the importance of gaining exposure to U.S. markets in 2025. Omelchak expressed optimism about the positive dynamics in the U.S. market, anticipating their likely continuation.

'While we cannot predict the future with certainty, the upcoming new administration is expected to bring significant changes,' Omelchak stated. He highlighted potential policy shifts, including tax reductions and deregulation, which could directly benefit the profitability of U.S. companies across various sectors, particularly in the financial industry.

These anticipated changes in the U.S. economic landscape are expected to create opportunities for Canadian investors seeking to optimize their portfolios. As global markets continue to be influenced by U.S. economic policies, financial advisors are recommending a strategic focus on U.S. market exposure for those looking to enhance their investment returns in the coming years.

Commodities

Crude Oil Prices Rise on China's Recovery Prospects

Oil prices started 2025 on a positive note, with Brent crude futures rising 0.8% to $75.21/b and West Texas Intermediate (WTI) climbing 0.8% to $72.28/b, amid expectations of a recovery in China's economy and fuel demand following the country's growth-promoting initiatives.

Factory activity in China showed growth in December, as per the Caixin/S&P Global survey. Still, the expansion is likely to be slower than anticipated due to trade and tariff concerns in the U.S., reports Reuters. Meanwhile, Russia's suspension of natural gas exports through Ukraine on New Year's Day is not expected to influence EU prices, with buyers having secured alternative supplies in anticipation of the stoppage.

Stocks to watch

Pembina Announces Completion of PGI's Acquisition from Whitecap Resources

$Pembina Pipeline Corp (PPL.CA)$ has closed PGI's acquisition of a 50% working interest in Whitecap's Kaybob Complex, effective December 31, 2024. Whitecap has agreed to a long-term take-or-pay contract for PGI's capacity and dedicated all future production volumes to PGI. Pembina also provides updates on infrastructure progress in the Karr and Gold Creek areas under a prior deal with Veren Inc. Furthermore, PGI and Whitecap have signed long-term contracts at PGI's K3 facility, with PGI anticipating full capacity utilization at Kaybob Complex by Q3 2025, a year ahead of schedule.

Bitfarms Reported 97% Hashrate Growth in 2024, Announces Major Acquisition Progress

$Bitfarms Ltd (BITF.CA)$ has reported significant growth in 2024, with a 97% year-over-year increase in hash rate to 12.8 EH/s and a 40% improvement in efficiency to 21 w/TH. The company mined 2,914 BTC throughout the year and expanded its operational capacity by 35% to 324MW. CEO Ben Gagnon described 2024 as a "transformative year" for Bitfarms, highlighting achievements such as upgrading 11 data centers, strengthening the management team, and gaining control of a large-scale U.S. site in Sharon, PA. Despite not meeting initial growth targets, Bitfarms made significant strides, including negotiating a settlement to a hostile takeover attempt. The company also announced its proposed acquisition of Stronghold Digital Mining, Inc., which is expected to close in Q1 2025 and is set to be the largest acquisition between two public companies in the Bitcoin mining sector.

Nouveau Monde Settles Interest Payment on Private Placement with Share Issuance

$Nouveau Monde Graphite Inc (NOU.CA)$ has settled accrued interests as part of a $50 million private placement agreement from last October. Investissement Quebec, which had subscribed for $12.5 million in the placement, received 193,000 shares at $1.58 each to cover the $305,054 interest owed for Q4 2024.

Source: BNN Bloomberg, MT Newswires

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