With the crude contract for March rising by 72 cents to $85.04 U.S. on the back of news claiming a lesser build in inventories by the U.S. Energy Information Administration, the focus is back on the energy sector. Adding more fuel to the fire (pun intended) was news about Iran sending warships through Egypt?s Suez Canal en route to Syria for the first time in years has elicited comments from Israel?s foreign minister calling it another of Iran?s ?provocations.?
Biography: Daniel Cheng, CFA is Vice President and Portfolio Manager at Matco Financial. Mr. Cheng is a member of the Matco investment committee. He is also a member of Matco?s Canadian Equity Group, which is responsible for the Canadian Equity, Small Cap, and Energy Portfolios. Mr. Cheng was formerly with Ross Smith Energy Group, an energy research firm. He was also a member of the institutional equity research group with Tristone
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