RE:Canadian-focused funds forced sale?I love it. Those Easterners who voted for the Liberal carbon tax should suffer the consequences of their actions. Those Easterners also voted against ECA growth because there is no pipeline to ship product across Canada...
More than 100,000 high paying O&G jobs vanished in Alberta as Quebec politicians put the screws to companies like Encana.
Don't blame Encana's management for making the decision to leave Canada. Look in the mirror Eastern Canadians!
calgaryfine wrote:
"Montreal-based Letko, Brosseau & Associates Inc., Encana’s fourth-largest shareholder, blasted the plan in November, saying the move was “highly discriminatory” because it forces investors holding the shares in Canadian-focused funds to sell the stock at a time when the price is particularly weak."