Q: After staying subdued for most of this year, Energy names have seen a nice uptick over last few weeks, despite Oil prices still languishing below $60 level. NG is also holding steady above $5 level.
We presently own only ENB, in the sector ( which acts more like a utility ).
Do you see indicators that after a long period of underperformance, the sector is displaying strong signs of a sustained recovery and it's not too late to start ownership ?
If you believe so, would you start with large cap names like SU and CNQ - Any one or Both ?
Thank You
We presently own only ENB, in the sector ( which acts more like a utility ).
Do you see indicators that after a long period of underperformance, the sector is displaying strong signs of a sustained recovery and it's not too late to start ownership ?
If you believe so, would you start with large cap names like SU and CNQ - Any one or Both ?
Thank You
5i Research Answer:
It is, of course, hard to pick inflection points. The sector is cheap, balance sheets are fine,...