Oil Stocks: Norman Levine, managing director, Portfolio Management Corp.on Canadian Large Cap Oil Stocks

Norman Levine, managing director, Portfolio Management Corp. was on RoBTV October 10 talking about Canadian Large Cap oil stocks:

On Oil Stocks:

TALISMAN (NYSE:TLM TSE:TLM) + ENCANA (NYSE:ECA TSE ECA): both world-class Canadian companies..one is more oil and international in nature, one is more gas and more North American in nature..we happen to own Talisman and continue to do that..that said, Encana is very interesting company..held up fairly well because of quality of assets, also because of deal with CONOCO-PHILLIPS (NYSE:COP) oil sands deal because oil sands has lots of value..doing a deal with established company makes lots of sense for Encana..

PETRO-CANADA (NYSE:PCZ TSE:PCA): Petro-Canada follows commodity prices..if you look at long term chart of Petro-Canada and put chart of oil, almost 100% correlation..Petro-Canada is one of our holdings, because it continues to be cheapest of majors around the world..will change once oil sands potential recognized..