Rio Alto expands to Argentina, reports profit jump

Article Abstract:

Rio Alto Exploration Ltd. (Calgary), an oil and gas company, has acquired assets in the San Jorge Basin area of Argentina for $64-million. The acquisition adds 1,800 barrels a day of crude oil production to Rio Alto and includes 50,000 acres of undeveloped land. Analysts applauded the acquisition, noting that Rio Alto had been looking for opportunities outside Canada. Although the purchase is small, relative to Rio Alto's average daily production of 82,300 barrels of oil equivalent in the first half of 2000, it shows that the company is setting the stage for future growth.

Argentina, METAL MINING, Metal Ores, Metal Ore Mining, Metal industries, Mining industry, Metal industry, Ores, Rio Alto Exploration Ltd.

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Manufacturing numbers question dollar threat

Article Abstract:

The encouraging reports from the Canadian manufacturing sector indicate that the strong Canadian dollar has not adversely affected the industry. The reasons for the encouraging growth in the manufacturing sector are described.

Manufacturing industry, Manufacturing industries, Economic aspects, Influence, Dollar (Canada)

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Roth admits Nortel missed finance signs

Article Abstract:

The article discusses how Nortel Networks Corp. might have missed finance signs, according to John Roth, Nortel president and CEO.

Financial management, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Finance, Telecommunications equipment industry, Telecommunications systems, Beliefs, opinions and attitudes, Nortel Networks Corp., NT, Roth, John

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