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Tweedy Browne Comments on Cenovus

May 06, 2014 | About:
Holly LaFon

Holly LaFon

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n addition to this new position, we got a trading opportunity in Cenovus (CVE), the Canadian oil sands company, and added it to the Global Value Fund and Global Value Fund II – Currency Unhedged. It had previously only been held in the Worldwide High Dividend Yield Value Fund. We also added to our positions in Banco Santander Brasil, Antofagasta, Bangkok Bank, Imperial Tobacco, and Unilever.

From Tweedy Browne (Trades, Portfolio)'s first quarter 2014 letter to investors.


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