Q: I currently have app a 10% exposure to oil & gas. I am currrently considering selling part of my ENB holdings and using the funds to increase my CNQ exposure to app 3%. Would appreciate hearing your thoughts on such a move
5i Research Answer:
We cannot comment on personal position sizes but we would consider 10% 'a lot' for any stock. CNQ is going to be more volatile than ENB due to its business mix, but we would consider it one of the best in the sector. We would be comfortable with such a proposal and it does increase overall diversification.