He said: "Its share price has gone up a lot from the lows seen at the end of 2015, but it is important to focus on the new strategy and the current valuation metrics when assessing the stock from an investment perspective.
"The company was over indebted at the end of 2015, but since then, higher commodity prices and disposals have created a position where it is potentially underleveraged."
Adrian Lowcock, investment director at Architas is a fan of the City of London Investment Trust.
He said: “City of London has an enviable track record of paying increased dividends for 51 consecutive years. This is an income seekers dream and shows the importance of simple and clear dividend and investment policy.
"The focus is very much on long term investment returns through a combination of growth and income.
"The manager has a diverse portfolio of over 100 stocks, primarily in the UK but it also invests overseas to help diversify its income stream even further.
"The conservative nature of the trust and the ability to hold around 6 months dividends helps protect the trust from any dips in dividends should the outlook for dividends turn sour."