Stockhouse Movers & Shakers: Giordano reveals his resource stock picks
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Canadian portfolio manager Michael Giordano says investors can anticipate more takeover activity in the Canadian resource sector.
In the past few weeks, Canada's business pages have been dominated by news of China National Offshore Oil Co. (CNOOC's) $15.1 billion bid for Nexen Inc. (TSX: T.NXY, Stock Forum) (NYSE: NXY, Stock Forum) and the $5.5 billion takeover bid for Progress Energy Resources Corp. (TSX: T.PRQ, Stock Forum) by Petronas, the Malaysian state-owned oil and gas company.
Although unrelated to the resource sector, Lowe's Cos. Inc.'s (NYSE: LOW, Stock Forum) $1.8 billion offer for Rona Inc. (TSX: T.RON, Stock Forum) has also been getting a lot of attention.
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