Gluskin Sheff Sees Yield in Suncor, Oil Shares

Gluskin Sheff & Associates Inc., the second-best performing publicly traded money manager in Canada this year, bought stakes in Suncor Energy Inc., Whitecap Resources Inc. and other oil providers as it focuses on high-yielding dividend stocks.

Oil and gas producers and services companies have begun to clamp down on costs and return cash to shareholders, William Webb, chief investment officer with the Toronto-based money manager and hedge fund, said in an interview at Bloomberg’s Toronto office May 30. Likely approval of TransCanada Corp.’s Keystone XL pipeline is added allure, he said.