TAG Oil to be added to S&P/TSX SmallCap Index

Standard & Poor’s Canadian index operations just released the results of its annual review of the S&P/TSX SmallCap Index, and they’ve announced that TAG Oil is being added to the S&P/TSX SmallCap Index. While company additions to an S&P equity index do not in any way reflect an opinion on the investment merits of the company, financial viability, liquidity, adequate float size, and other trading requirements must be met to qualify.

 

SandP

In S&P’s own words, “The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market.”