Opinions
Keith Richards
Horizons NYMEX Crude Oil ETF
HUC-T
TOP PICK
Feb 28, 2020
A bit of a contrarian play. It has a little bit of pattern. Oil has been moving between high $40 to $60 range. In late 2018, it hit the level where it's at now, and then recovered. Buy around $12, it will probably recover to $14. Its seasonality is February to April.
$11.160
Stock price when the opinion was issued
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Energy ETF Commodities are sensitive to the cycle: warning. Suggests XEG or HXE, both market-cap weighted in oil producers, but they are dominated by Suncor and CNQ (over 50% of these ETFs). For more diversification, look at equal-weighted ZEO-T. But he prefers HUC-T because it gives you commodity--and not commodity stock--exposure. For all of these, be very, very careful--there could be severe drawdowns in energy if the economy falters in the next 12 months.
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