Alberta falloutMeaningful" Mkt Pullback in Energy Sector Should Be Seen As Buy Op2 hours ago 02:51 PM EDT, 05/06/2015 (MT Newswires) -- National Bank (NA.TO) in a note entitled "The Alberta Election: Understandable Concerns Do Not Justify Panic" released Wednesday afternoon says while investors are understandably concerned about the election of a majority NDP government in Alberta, and while the uncertainty may remain for some time, "worse case scenarios are overdone." It adds a "meaningful" market pullback in the energy sector should be viewed as a buying opportunity.
Inter Pipeline (IPL.TO), Pembina (PPL.TO) and Keyera (KEY.TO) are all lower today. BNN TV cited a Macquarie Bank report saying that trio of companies were vulnerable to changes planned by the NDP. And BNN said TransAlta Corp (TA.TO) was particularly vulnerable to planned changes in the coal industry there.