Schachter expects energy investments will remain under pressure through tax-loss selling season, before mounting a recovery as demand for oil improves through the winter months. He sees stocks starting to price in “every possible negative” for oil, a trend he predicts will tee up a up a buying opportunity in Canadian energy.
“The stocks are pricing in that Canada will never recover, and that energy will never recover,” Schachter said. “My come back to that is, ‘Winter is Coming.’””
From the article [ca.finance.yahoo.com]
Hard times may be a’coming!