Commenting on the Company's existing natural gas shale play in Nova Scotia, Mr. Anderson added: "We still believe this has tremendous potential as the geology gets evaluated and well-completion technologies evolve, but it may take time to come to fruition. This new team has expertise that can be put to work creating value immediately."
About Palo Alto Investors
Since its inception in 1989, Palo Alto Investors, LLC ("Palo Alto") has focused exclusively on overlooked, misunderstood and undervalued segments of the equity markets. Palo Alto is committed to providing world class money management services to high net worth and institutional investors. Located in Palo Alto, Calif., Palo Alto employs 18 professionals and manages over $1 billion in assets. The firm is independently owned with significant Partner ownership interest.
SOURCE Palo Alto Investors, LLC