Watsa Prepares for Oil Slump Extension, Seeks More Energy Deals
- `This is the time to be looking,' Watsa says on call
- Watsa says there might still be some downside in energy
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Prem Watsa, head of Fairfax Financial Holdings Ltd., said he’s hunting for potential energy deals on the prospect that oil prices will extend their slump and make transactions more attractive.
"This is the time to be looking,” Watsa said Friday on the Toronto-based company’s third-quarter conference call. “We continue to look at opportunities in that area.”