Q: Hi,
I am wanting to start a position int TOU but need to raise the cash. Below is where I am thinking of raising the cash.
I have positions in the following:
ENB 6.35 % ( I do not want to sell)
SU 1.33% ( Sell Full position)
TRP 1.13 % (Sell Full Position)
That leaves me with KEY at 4.22% and PPL at 2.78% To get my 5% weighting in TOU I can decide on whether to sell PPL or KEY.
Your thoughts? Does it make sense?
Jimmy
I am wanting to start a position int TOU but need to raise the cash. Below is where I am thinking of raising the cash.
I have positions in the following:
ENB 6.35 % ( I do not want to sell)
SU 1.33% ( Sell Full position)
TRP 1.13 % (Sell Full Position)
That leaves me with KEY at 4.22% and PPL at 2.78% To get my 5% weighting in TOU I can decide on whether to sell PPL or KEY.
Your thoughts? Does it make sense?
Jimmy
5i Research Answer:
We like PPL better than KEY, so would be fine with selling KEY. Note, while these are all in the energy sector, producers such as TOU and SU are much different than the other infrastructure companies. So we think diversification makes sense with a new producer such as TOU, which focuses on gas.