John Clark and Pacific Spirit Investment Management Inc.

Pacific Spirit Investment Management Inc.: Canadian oil and natural gas producers have fallen for the past 10 days, a losing streak not seen in almost two decades, on concern that supplies are overwhelming demand as growth slows in China and Europe. The retreat has left the industry at the lowest valuation since 2012 -- a level that Clark, president of Pacific Spirit Investment Management Inc., said is too cheap to pass up, according to Business Week. Energy stocks are suffering the worst losses in a market retreat thats erased about C$227 billion from the value of Canadian stocks since Sept. 3. Canada, once one of the worlds best-performing markets earlier this year, completed a 10 percent drop from its record yesterday, entering whats commonly called a correction. Oil Plunges John Clark has watched his holdings such as Birchcliff Energy Ltd. and Canadian Natural Resources Ltd. CNQ plunge more than 19 percent in the past month. Now hes thinking of buying more shares. Each day the market pulls back, we see more and more incredible opportunities in the market, Clark said in a phone interview from Vancouver. His firm manages about C$140 million $123.9 million . When we see a great company at a good price we ll step in and buy it rather than try to time the market bottom. (news.financializer.com). As reported in the news.