Solar in Canada

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Globe says Leeward sees opportunity in Duvernay Oil

2007-12-18 06:59 MT - In the News

The Globe and Mail reports in its Tuesday, Dec. 18, edition that Leeward Hedge Funds chief executive officer Brendan Kyne recommends buying Duvernay Oil. The Globe's Maureen Darrigo writes in the BNN Market Call column that Duvernay stock retreated three cents to close on the Toronto Stock Exchange Monday at $26. The stock has a one-year trading range of $23.91 to $42.40. Duvernay is involved in the acquisition, exploration and development of oil and gas properties. Mr. Kyne says, "This company has a long-term track record of growth." Mr. Kyne recommends keeping cash nearby to take advantage of the opportunities in the market over the coming months. Mr. Kyne says global growth is slowing modestly. He looks to three contributing factors. First, the decimated United States mortgage market. Second, the policy of restrictive measures being introduced in China to control inflation. And lastly, the likely protectionist policies that nations will adopt in an attempt to "protect" domestic economies. He says: "In this environment true growth sectors stand out. The top sector for us is alternative energy, and solar energy as the area of high growth for next five years."