Q: With Venezuelan crude potentially in play as an added source of supply, does holding CNQ and ARX present even a more uncertain investment? At least maybe move the sector to underweight? Like we needed more events to cloud the investment outlook.
5i Research Answer:
Please see questions in our 'energy' category this morning for several discussions on this topic. We think owning some US sector exposure makes sense as a hedge, and we do not think investors need to be at 15% energy (which is what the TSX currently is).