Q: Would you be comfortable adding today despite the current noise related to the energy sector? Would you have a recommendation on price for entry? Noticed weighting on this in your GRO portfolio is at 6.17%.
Thanks,
Dave
Thanks,
Dave
5i Research Answer:
Weigthing of course increases with the stock's 161% one-year gain. With the caveat that we might trim in the portfolio, we would still be comfortable adding to a smaller position. Momentum and fundamentals remain highly positive, and of course the sector is booming with higher oil prices. TVE is also now at a market cap (above $5B) where new investors may be taking positions (larger funds, and institutions).