John Stephenson, who spent eight years tracking resources at fund manager First Asset Investment Management Inc., is creating his own hedge fund to favor U.S. equities over Canada.
Encana Corp. is poised to attract suitors after the departure of its chief executive officer, whose bet on natural gas wiped out a third of the Canadian explorer’s value.
Chances are good an oil pipeline to Canada’s east coast will beat to market Enbridge Inc.’s Northern Gateway project, even with its approval this week by Prime Minister Stephen Harper’s government.
"There's no point in buying gold."
- John Stephenson on Oct 06, 2014
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First Asset's Stephenson Sees Gas Prices Moving Up