Energy pod bros - how much GMV do you run in NAM E&P?
In 22 I was running 400-500MM in NAM E&P (ex Majors) but with all the consolidation it’s down to 250ish (again ex Majors) and would have to either size up big and/or go further down cap/into Canada to get to anything above 300. High conviction im confortable 20x20 but I’ve already made a good amount on this recent run up so I’d rather take profits vs size up. Am I being responsible here and 300 is kind of the ceiling or just being a puss?