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Q: Good morning and thank you for your amazing insights these days .

Question regarding CNQ and BN. Two completely different sectors, but given the appreciation in CNQ in recent weeks, and the corresponding pressure in BN, I have been slowly taking some CNQ off and moving more into BN. Both are core holdings for me, but your conviction with BN is impressive and I just think it is foolish to not take small gains off the table and move more to BN on the view that this too shall pass - for both companies.

Crazy or a fair approach so long as measured?
Read Answer Asked by Trevor on March 17, 2026
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