Q: Like most people, I'm down in the energy sector and not seeing much hope on the horizon. I hold VET, TOU and RRX. With VET I at least have a good dividend while I wait for a recovery but with TOU and RRX there is no dividend. Perhaps you think the other 2 will "bounce back" faster when there is a recovery and are worth holding anyway?
I'm inclined to keep 5% of my portfolio in energy but sell TOU and RRX and put the funds into VET or another dividend producing stock while I wait for the energy sector to recover. Does this seem like a good plan? Would having my energy funds in US companies be better?
If I do this change, do you have suggestions for Canadian or US dividend producing energy stocks? Thanks.
I'm inclined to keep 5% of my portfolio in energy but sell TOU and RRX and put the funds into VET or another dividend producing stock while I wait for the energy sector to recover. Does this seem like a good plan? Would having my energy funds in US companies be better?
If I do this change, do you have suggestions for Canadian or US dividend producing energy stocks? Thanks.