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Chevron Corporation (CVX $155.20)
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Exxon Mobil Corporation (XOM $118.49)
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Suncor Energy Inc. (SU $62.70)
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TC Energy Corporation (TRP $73.64)
Q: Due to thre Venezuelan issue should I now replace TRP and SU? If so what would you suggest I replace them with, U.S. or Ca either one or both will do. Eighty year old dividend investor.
5i Research Answer:
We are fine with investors adding some US exposure to the sector (CVX, XOM) as a hedge to Canada, but we do not think Canadian holdings need to be wholesale dumped, as long as weightings are in line with goals. The Canadian sector is very cheap, and any Venezuelan price impact may take sometime to materialize. Geopolitical tensions could still see oil move higher as well.