3 Oil Stocks Built for WW3

I used to own 16 energy stocks. Now I own 3 — and it works a lot better.

Every “best idea.”
Every macro angle.
Every chart that made sense at the time.

And somehow, the more I added… the worse it felt.

Too much noise.
Too many overlapping bets.
Too much pretending I could outthink a commodity.

So I did something simple:

I cut one. Then another. And eventually, I cut it all down to just three:

• Ninepoint Energy Fund

• Freehold Royalties Ltd.

• Hemisphere Energy Corp

Equal weight. No extras. No hedging myself.

Just structure. Balance. Harmony.

At some point it clicked:

If Eric Nuttall is one of the best energy investors in the world… why am I trying to beat him at his own game?

So I stopped.

Ninepoint Energy Fund

This is the delegation.

A concentrated basket of the very best energy names right now:

• ~60% Oil (Canadian )

• ~40% Natural gas (US)

Rotated and managed by someone who lives this sector.

Important: NNRG does NOT pay a yield.

And that’s exactly why I like it.

It’s not pretending to be income. It’s just trying to win.

Freehold Royalties Ltd.

No operational risk.

Say it again:

No. Operational. Risk.

No drilling.
No capex.
No cost blowouts.

Just a royalty on production.

• Monthly income (~6–7%)

• Massive diversification across wells

• Exposure to U.S. growth

There are only a couple of companies like this in Canada.

This is my favourite.

This is the one that lets you sleep.

Hemisphere Energy Corp

Every portfolio needs a little chaos.

HME is mine.

• Small-cap producer

• High margins

• Variable + special dividends

When oil moves, this thing moves.

It’s not the foundation.
It’s the accelerant.

Because each piece does something different.

NNRG: delegation
FRU: stability + income
HME: upside + income

Most portfolios add more names.

I removed them — until each position actually meant something.

They think diversification = more stocks.

It doesn’t.

It means:

• different business models

• different risk profiles

• different ways to win

Three is enough.

Let’s be clear:

• FRU → pays you

• HME → sometimes pays you more

• NNRG → pays you nothing

Good.

Because forcing yield everywhere is how you end up owning garbage.

This way:

• income is real

• upside is intact

• diversification is handled

Bad day in oil?

• FRU keeps paying

• NNRG spreads the damage

• HME is contained

You don’t panic.
You don’t trade.
You just hold.

This wasn’t about optimization.

It was about clarity.

Less noise.
Less ego.
Better structure.

You don’t need 10 oil stocks.

You need:

• one to trust

• one to pay you

• one to make it interesting

That’s it.

NNRG + FRU + HME

The holy trinity.