Bloomberg News

Perpetual Energy Shares Plunge 31% After Dividend is Suspended

October 20, 2011

Oct. 20 (Bloomberg) -- Perpetual Energy Inc., which produces natural gas in Canada, plunged 31 percent in Toronto Stock Exchange trading, the most since 2003, to C$1.59 after suspending its dividend. The company cited weakness in natural gas prices, which sank 26 percent from June 8 to yesterday.

To contact the reporter on this story: Matt Walcoff in Toronto at mwalcoff1@bloomberg.net

To contact the editor responsible for this story: Stephen Kleege at skleege@bloomberg.net


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