Dallas, TX 12/2/2009 12:56:41 AM
News / Business

Top Mid Cap Stocks Gainers are PKG, BTE, IOC

Mid Cap Stocks

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Packaging Corporation of America (NYSE:PKG) soars 6.48% to $21.21. The stock hit an intraday high and an intraday low of $21.36 and $20.46 respectively. In the last six months the stock went up over 29%. Packaging Corporation of America is a producer of containerboard and corrugated products in the United States. During the year ended December 31, 2008, the Company produced approximately 2.35 million tons of containerboard, of which about 80% was consumed in PCA's corrugated products manufacturing plants, 11% was sold to domestic customers and 9% was sold to the export market.

 

Baytex Energy Trust (USA) (NYSE:BTE) climbs up 5.74% to $27.26 after the company announced that production is projected to be basically flat at fourth quarter 2009 levels of approximately 42,500 to 43,000 boe/d during the early part of 2010 and to reach approximately 44,500 boe/d by the end of fiscal 2010. Fiscal 2010 production mix is forecast to be approximately 63% heavy oil, 17% light oil and natural gas liquids, and 20% natural gas. The Company also announced that its Board of Directors has approved a distribution level of $0.18 per unit per month, an increase of 50% from the current level of $0.12 per unit per month.

 

InterOil Corporation (USA) (NYSE:IOC) climbs up 9.80% to $61.38. The stock hit an intraday high and an intraday low of $62.19 and $60.11 respectively. In the last six months the stock went up over 66%. InterOil Corporation is an integrated energy company operating in Papua New Guinea. The Company operates in four business segments: Upstream, Midstream, Downstream and Corporate. Upstream includes Exploration and Production.

 

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