CPPIB pipeline investment vehicle cited
Canada Pension Plan Investment Board, the country’s largest pension fund manager, plans to start a Calgary-based pipeline acquisition vehicle said people familiar with the matter.
Gordon Salahor and Bob Pritchard, former principals at energy infrastructure firm Mistral Energy Inc. in Calgary, will lead the investment vehicle.
Mark Wiseman, chief executive of Canada Pension, said in January that simple supply and demand guarantees oil prices will be higher in 10 years and he saw a lot of value in the western Canadian basin.