Q: Eric Reguly has an interesting analysis of the world oil market, "Iraq a minor bump on road to inevitable oil price surge", in the June 21 Report on Business. He makes a case for an increasingly tight oil market caused in part by shale oil producing large volumes of useless condensate leading to falling crude inventories. In North America, where a bottle of water can cost the same as an equal amount of gasoline, I believe there is plenty of upside to oil prices.
A Canadian portfolio market weight for energy would be 25%; the 5i model and income portfolios contain about 10%, though I don't consider ENB a real energy stock. My own portfolio of BTE CR SPE SGY TOU and WCP is less than 10% of my overall. The Moneysaver ETF model has about 17% weight including 10% in XEG alone.
If I should beef up my exposure to energy would you suggest adding to the names I already own, if you like them, or adding via XEG/CLO and/or XLE/ VDE? Or perhaps a bit of both approaches? Thanks, J.
PS: I like the new colour contrast and graphics of Report Card a lot, it gives it even more impact!
A Canadian portfolio market weight for energy would be 25%; the 5i model and income portfolios contain about 10%, though I don't consider ENB a real energy stock. My own portfolio of BTE CR SPE SGY TOU and WCP is less than 10% of my overall. The Moneysaver ETF model has about 17% weight including 10% in XEG alone.
If I should beef up my exposure to energy would you suggest adding to the names I already own, if you like them, or adding via XEG/CLO and/or XLE/ VDE? Or perhaps a bit of both approaches? Thanks, J.
PS: I like the new colour contrast and graphics of Report Card a lot, it gives it even more impact!
