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Vancouver's Jim Pattison Betting on Coal Despite Price Slump
Nov. 30, 2015 09:44AM PST
Industrial MetalsThe Globe and Mail reported that billionaire Jim Pattison has been investing in Westshore Terminals Investment (TSX:WTE.UN) in recent years, which operates a coal-export terminal at Roberts Bank.
The Globe and Mail reported that billionaire Jim Pattison has been investing in Westshore Terminals Investment (TSX:WTE.UN) in recent years, which operates a coal-export terminal at Roberts Bank.
As quoted in the publication:
Mr. Pattison is increasing his bet on coal exports while other investors flee. Westshore shares fell 3 cents to close Friday at $18.87, down 45 per cent since hitting a 52-week high of $34.24 this past May.
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