Horizons BetaPro S&P/TSX Capped Energy Bear Plus ETF (HED.TO)

Challenge with buying US ETFs that participate in MLPs is that they're not favourable to a Canadian investor. Withholding tax of 15-30%. Be very, very careful on the MLPs. If you want gas exposure, think about XEG or ZEO. Most bang for the buck would be the HED, with small cap exposure. Small caps have more operating leverage if you're confident gas prices will rise. HOG is a bit more conservative.

Active managers don't beat bond indexes, net of fees. XBB is better, a straight bond universe and is cheaper; it'll perform just as well.

It's a double or leveraged ETF. Energy in Canada is oversold—and shouldn't be. He expects a rebound in energy at some point. Sees opportunity here, but be really cautious by bearing bearish in oil.