Q: Whitecap has crept up to 5.5% position in my portfolio and is now my 3rd biggest position. This is in part due to the combing with Veren.
I believe they have a good management team and balance sheet is fairly decent.
The dividend is quite nice as well.
If I think there is room to move is it too risky letting this run to 7% or is it time to rebalance and take a bit off the table.
If you can't give personal advice;)
Hypothetically if you had a 5.5% position in WCP would you let it run and monitor or trim it up a bit;)
Thanks, Colin.
I believe they have a good management team and balance sheet is fairly decent.
The dividend is quite nice as well.
If I think there is room to move is it too risky letting this run to 7% or is it time to rebalance and take a bit off the table.
If you can't give personal advice;)
Hypothetically if you had a 5.5% position in WCP would you let it run and monitor or trim it up a bit;)
Thanks, Colin.
5i Research Answer:
The sector of course is more volatile than most and thus we would tend to have lower weightings because of this. But with recent results, we would be OK letting this ride a bit in the short term, trimming into (expected) new gains. We have comments posted on the quarter now.