-
Enbridge Inc. (ENB $75.21)
-
Canadian Natural Resources Limited (CNQ $67.50)
-
Whitecap Resources Inc. (WCP $14.60)
Q: I am an invested in the above companies and would appreciate your current view on energy prices given the recent turmoil in the Middle East.
In your opinion, should a conservative, long‑term investor be holding, reducing, or selling positions at this time, and what key risks or indicators are you watching?
Thank you for your guidance.
Rick
In your opinion, should a conservative, long‑term investor be holding, reducing, or selling positions at this time, and what key risks or indicators are you watching?
Thank you for your guidance.
Rick
5i Research Answer:
We would be very comfortable holding all of these. For WCP and CNQ the main risk is commodity prices. They are producers and earnings will swing with prices. But both are very solid in our view. ENB's business is more stable. Its biggest influence is typically interest rates. Higher rates tend to hurt the company (higher interest charges) and the stock (dividend less attractive).