Updating on SNC-LAVALIN GROUP INC., METRO INC. and PENGROWTH ENERGY CORP.

Article Excerpt

SNC-LAVALIN GROUP INC. $43 (www.snclavalin.com) continues to win new engineering contracts despite last year’s bribery scandal. ZADCO, a joint venture headed by Abu Dhabi’s stateowned oil company, recently hired SNC to design a major addition to its oil refinery. Buy. METRO INC. $65 (www.metro.ca) has developed a new mobile app for the Apple iPhone. This program lets Metro offer shoppers customized discounts and promotions based on the location of their nearest Metro supermarket. The app also makes it easier to find specific items within a store and suggests alternative products. Innovations like this help build customer loyalty and spur repeat visits. Best Buy. PENGROWTH ENERGY CORP. $6.37 (www.pengrowth.com) has gained nearly 30% in the past three months. That’s mainly because the company has successfully completed its plan to sell some of its less important oil and gas properties in Western Canada. The cash from these sales will help Pengrowth speed up the development of its Lindbergh oil sands project in…