I have been focused on reducing our energy exposure during the first quarter of 2020 and the fund is currently underweight the energy sector relative to the TSX Composite Index. My sense is that the energy sector is facing a long period of recovery as we recognize that extreme politics is having a negative impact on global oil prices. At the same time, there are some diamonds in the rough. We’ve decided to maintain our position in Tourmaline Oil Corp (TSX: TOU). The reason is simply in the numbers.
Disclaimer: Palos Funds are shareholders of TOU.
By Charles Marleau, CIM
By Charles Marleau, CIM
By Hubert Marleau
By Robert Mendel
Click to Read Palos-Mitchell Report
By William Mitchell
