In remarks today to the Small Explorers and Producers Association of Canada (SEPAC), TSX Venture Exchange President Kevan Cowan said TSX Group’s exchanges have made a positive contribution to the energy sector in listing, financing and trading. He offered these comments on the recent recommendations from the Royalty Review Panel. ”A stable, transparent and predictable policy and regulatory framework is key to the success of any industry sector. As you all know, providing a stable, predictable and clear business environment is key to the success of Alberta's oil and gas sector and an important objective for the province's overall economy. We are confident that the Alberta Government will carefully review the Royalty Review Panel's recommendations and continue to enhance the investment climate for this province's key industrial sector.”
TSX Group is a leader in the oil & gas sector - more oil & gas companies are listed on Toronto Stock Exchange and TSX Venture Exchange than any other exchange in the world. At the end of June 30, 2007, there were 434 oil & gas companies with a total market capitalization of $544.9 billion listed on Toronto Stock Exchange and TSX Venture Exchange.
He also explained to the SEPAC members that TSX Venture Exchange is well-positioned to represent the interests of junior companies. “We have the advantage of being part of a larger group – an international leader in financial markets. At the same time, we are focused on the needs of small companies and we understand the oil and gas sector. I look forward to working with your association on public policy issues of concern to the industry, and to assisting those of you who are seeking ways to raise capital.”
About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges, Toronto Stock Exchange serving the senior equity market and TSX Venture Exchange serving the public venture equity market, Natural Gas Exchange (NGX), a leading North American exchange for the trading and clearing of natural gas and electricity contracts and Shorcan Brokers Limited, the country's first fixed income inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading provider of investor relations and related corporate communication services in Canada. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
