Issue 19 – The Strong gets Stronger
The portfolio is invested in what we believe to be the strongest Canadian E&P in the TSX. Our approach for the past few years has been sticking to companies with strong management teams, strong balance sheets, low decline rates, and with controlled production growth. I continue to stay away from the highly levered, high oil sensitivity companies, as the risk to reward remains high.
Disclaimer: Palos Funds are shareholders of TOG.
By Charles Marleau, CIM & Joany Pagé, CFA
By Hubert Marleau
By Robert Mendel
By William Mitchell