Canadian energy stocks on sale

Invesco's Norman MacDonald hunts for the next Nexen.

Sonita Horvitch 8 August, 2012 | 6:00PM
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Norman MacDonald, a vice-president and portfolio manager at Invesco Canada Ltd. who specializes in resource stocks, has used the recent high-profile takeover bids for two Canadian energy companies to realize significant wins for his funds.

"The Canadian energy sector has been weak for some two years," he says. The stock market has "excessively discounted the value of the companies despite their good-quality energy reserves."

This is attracting takeover bids by other energy companies, says MacDonald, who is a value manager responsible for Trimark Resources and Trimark Energy Class.

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Sonita Horvitch

Sonita Horvitch  

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