We owned shares in a couple of Canadian energy companies (Centurion and Transglobe) that have done well and have good prospects, but whose focus is in the Middle East (Egypt and Yemen, principally). I sold them today and reinvested the proceeds in Suncor. I think the political stability of Canada (and the reserve life of the tar sands) which Suncor offers outweighs the exploration and development prospects of the other companies.

We’re now positioned pretty much exclusively in stocks the bulk of whose assets are in more politically stable areas - companies like Encana, Canadian Natural Resources, Suncor, Cameco and so forth.