Opinions
Cole Kachur
Global X Enhanced Cdn Oil & Gas Covered Call ETF
ENCL-T
DON'T BUY
Jun 03, 2024
$20.050
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
When he owns something cyclical like an oil company, he's not generally trying to own it for income but, rather, for growth. For income, there are better strategies such as bank covered calls or utilities strategies. Oil is range bound, unless there's more geopolitical conflict, not a ton of upside in energy names.
Look elsewhere for income or growth. If you're really fond of the energy market and want to generate some income, you could go this route, but he'd do it differently.