Q: I am over diversified in my portfolio with over 40 stocks. Therefore I am trying to consolidate correlated holdings in the same space down to one name. I have three small cap E&P dogs in the form of Long Run Exploration (LRE), Torc Oil and Gas (TOG) and Gran Tierra Energy (GTE). All these names combined have declned to the extent that they now comprise no more than 2% of my portfolio.
As someone on the brink of retirement I am looking for some income while the junior oil and gas space treads water. Could you suggest one name I could consolidate into, out of these three? Or a completely different name in the same space with a bit of income.
As someone on the brink of retirement I am looking for some income while the junior oil and gas space treads water. Could you suggest one name I could consolidate into, out of these three? Or a completely different name in the same space with a bit of income.