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.
The appointment of Hal Kvisle as chief executive officer of Talisman Energy Inc. signals sales of assets or even the whole company to an Asian buyer after its shares declined twice as much as Canada’s benchmark index in the past five years.
"We're in for lower oil prices for the foreseeable future."
- John Stephenson on Nov 28, 2014
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First Asset's Stephenson Sees Gas Prices Moving Up