You are here:

Canadian Stocks/old Canadian stock certificate

Advertisement


Question
Hello Mr. Taylor,

I have a stock certificate from "New Superior Oils of Canada Limited", dated Jul 18, 1952. Can you tell me anything about the company, like if they still exist and if the certificate is any good? Thank you.

Answer
Thomas, from the information I have available:

New Superior was acquired in 1960 by Canadian Petrofina in exchange for 0.055625 of a share of preferred stock for each common share of New Superior. Canadian Petrofina went through several name changes before being acquired by Petro-Canada in the early 1980's. I do not know what happened to the preferred shares at that time, but if they had not already been redeemed they would have also been acquired by Petro-Canada at that time and registered shareholders would have received a check at that time.  

Canadian Stocks

All Answers


Answers by Expert:


Ask Experts

Volunteer


Steven Taylor

Expertise

Canadian stocks, including growth and resource companies.

©2016 About.com. All rights reserved.