US billionaire eyeing energy sector.



US billionaire eyeing energy sector.

US billionaire investor Wilbur Ross is looking at investing in the Canadian and US energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June.Ross, who made his name by snapping up out-of-favour assets ranging from banks to textile firms, told Reuters he is in the early stages of assessing...

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US billionaire eyeing energy sector.



US billionaire eyeing energy sector.

US billionaire investor Wilbur Ross is looking at investing in the Canadian and US energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June.Ross, who made his name by snapping up out-of-favour assets ranging from banks to textile firms, told Reuters he is in the early stages of assessing...

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