Eric Nuttall, a portfolio manager at Ninepoint Partners, views Justin Trudeau's stepping down as a positive for the energy sector. He believes Trudeau's policies have been detrimental to Canadian oil and gas producers and discouraged foreign investment. Nuttall anticipates a Conservative government under Pierre Poilievre would be more supportive of the industry, leading to higher stock prices.
Opens in new windowPortfolio manager Eric Nuttal shares his outlook on the energy sector following Trudeau's decision to step down as Liberal leader.he will step down as leader of the Liberal Party of Canada “Today is a fantastic day for energy investors, it’s one that I’ve been praying for for many years,” Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, told BNN Bloomberg in a Monday interview.
“The interest level in Canadian energy stocks has been high, yet the accumulation of all those antagonistic policies has prevented foreign capital from being invested in Canada and being invested in Canadian energy stocks,” he said. Nuttall said a Conservative government led by Pierre Poilievre would be friendlier towards Canada’s energy sector and provide a boost to Canadian oil and gas stock prices.suggests Poilievre would be elected prime minister with a majority government if a federal election was held today.
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