Q: Hi folks
I am thinking of selling TRP and ENB and replacing them with CNQ in my TFSA.
May I have your opinion on the switch. Just looking for a little more growth.
Thanks,
I am thinking of selling TRP and ENB and replacing them with CNQ in my TFSA.
May I have your opinion on the switch. Just looking for a little more growth.
Thanks,
5i Research Answer:
We like CNQ; as a producer, it will likely have more volatility, and is more sensitive to commodity prices than the others (which are more sensitive to volumes). But it also should have higher growth potential. We would be fine with this if growth was the goal for an investor.