- 2018 global oil demand expected to continue to outpace global supply, despite rising US shale production
- Almost 50% of global supply is subject to restraint
- Total oil stocks have been falling steadily since May of last year and are now very close to five year average levels
- Energy sector is very underowned in both Canada and the US
- Equity sector rotation into cyclicals is happening now
- Energy sector weight for TSX is 18.5% and for S & P 500 is 5.7% in April
- Using my 60% US and 40% Canada exposure, the benchmark weights are 10.82%
- My recommendation is to increase the weight to 10.82% benchmark from my former 9%
Strategies for Do-It-Yourself Investors™
