Q: Back in September 2024, I had asked whether it might be a good idea to rotate from ENB to a producer like CNQ/CVE. 5i's response as the time was that it was not a fan of "fixing' things that are not broken".
This has so far been good call because ENB has faired well while the producers are hitting new lows.
My question is: at what point does the risk/reward become such that rotating into the producers make sense?
This has so far been good call because ENB has faired well while the producers are hitting new lows.
My question is: at what point does the risk/reward become such that rotating into the producers make sense?
5i Research Answer:
We would still be less inclined to pick one or the other, and certainly exposure to both sectors...