The Financial Post reports in its Thursday edition Mark Wiseman, who runs Canada's biggest pension fund, is bullish on energy assets. A Bloomberg dispatch to the Post quotes the chief executive officer of Canada Pension Plan Investment Board as saying supply and demand all but guarantee oil prices will be higher 10 years down the road. "I'll take that bet" on oil's rebound, he told Bloomberg. "We see a lot of value in the Western Canadian basin," he said, noting that oil sands projects are on his radar. Canada Pension tends to be conservative on leverage and has the ability to recapitalize companies that have good underlying assets and poor balance sheets. Late last year, the pension fund manager was said to be weighing a bid for Talisman Energy before it was bought by Spain's Repsol SA for $13-billion. Mr. Wiseman would not comment on Talisman. He said there is a lot of flexibility in the sort of investment Canada Pension could make, noting a $5-billion asset would only make up about 2 per cent of its portfolio. He also said Canada Pension will not shy away from major acquisitions if it sees value, pointing to its failed attempt with a group of investors in 2007 to acquire BCE for around $45-billion.