Long fall from the top: Why investors aren’t betting on oil and gas [Toronto Globe and Mail (Ontario, Canada)]
Enbridge Inc (ENB)
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Source: Toronto Globe and Mail
Long fall from the top: Why investors aren’t betting on oil and gas The Canadian energy sector has been a great place to lose money for many years now. JASON FRANSON/The Canadian Press The Canadian energy sector has been a great place to lose money for many years now. As a wealth manager in Calgary, David Sherlock helps shield oil and gas professionals from the oil and gas industry. His clients mostly made their livelihoods in the Alberta energy sector and subsequently invested much of their own wealth back into oil and gas companies. But the losses they have suffered through the industry’s enduring downturn have provided a powerful incentive to purge their portfolios of oil sands exposure. “They’re capitulating, saying I’ve got 50 cents on the dollar left, let’s get it back to work. They’ve given us their core wealth to manage, away from this space,” said Mr. Sherlock, chief investment officer at SAGE Connected Investing, which has been out of Canadian oil and gas producer stocks
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ENB
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- 11/8/24 - Form SC
- 11/1/24 - Form 10-Q
- 11/1/24 - Form 8-K
- ENB's page on the SEC website