Greg Melling @GregMelling: "Portfolio Update: Strengthening Our Energy..."

Australia

Portfolio Update: Strengthening Our Energy Exposure Over the past few weeks I’ve been repositioning the portfolio toward sectors that benefit from a more volatile macro environment — commodities, energy, and real assets. Today I added two new positions: +$CNQ (Canadian Natural Resources Ltd) – Canadian Natural Resources (2.5%) +$REPX (Riley Exploration Permian Inc) – Riley Exploration Permian (2.5%) Why energy? The global backdrop continues to point toward tighter supply and higher geopolitical risk. Years of underinvestment in oil production combined with growing global demand mean high-quality producers should generate strong cash flow if energy prices remain elevated. $CNQ is one of the highest quality oil companies in the world. It owns massive long-life reserves, operates extremely efficiently, and has a long track record of returning capital to shareholders through dividends and buybacks. This position acts as a core, stable oil exposure within the portfolio. $REPX is a smaller Permian Basin producer that offers much higher torque to oil prices. With strong margins and high operational leverage, companies like this tend to outperform when oil markets tighten. This position adds upside potential if the energy cycle accelerates. Position sizing remains disciplined at 2.5% each to balance opportunity with risk management. With these additions, the portfolio continues to lean into hard assets and sectors that historically perform well during inflationary and geopolitically uncertain periods. As always, the focus remains on owning quality assets, managing risk, and positioning for long-term trends rather than short-term noise. Tickers: $CNQ $REPX $XOM (Exxon-Mobil) $CVX $SLB (SLB Ltd) $CTRA $OXY (Occidental Petroleum Corp) $COP (ConocoPhillips Co) $WTI (W&T Offshore Inc)

Not investment advice. The author may have financial interests in the mentioned instruments.