Opinions
Mike Philbrick
Ninepoint Energy Fund
NNRG-NEO
PARTIAL BUY
Oct 15, 2024
N/A
Stock price when the opinion was issued
Energy
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
BUY
oil There's underproduction of oil and supply constraints. Also, US oil reserves were drained before their elections and now needs to be filled whenever oil dips to $70. So, oil has a floor and there remains demand. A good sector to own, especially if China opens next spring. XEG holds Canadian oil stocks, and is market-cap weighted, including CNQ, Suncor and Cenovus among its top holding. ZEO is an equal-weight, so offers a little more diversity. And HXE is the cap-weighted ETF like XEG, but it doesn't pay a dividend. So this is good outside an RRSP. For midcap oil, look at NNRG, but charges a higher MER. It depends on your tax preference and the contents of each ETF.
Energy
BUY
He's biased, but if you're looking for an energy ETF he'd recommend NNRG, his own fund. Thinks nat gas as a commodity is bottoming out seasonally. Lots of varied opinions for the price next year. All comes down to winter weather and how cold is it going to be.
In general, risk/reward favours oil, so that's why he's in oil names.
Energy
Is actively manged, holding oil and gas services stocks. Offers growth and income, but has underperformed, but as the market rally broadens, this should improve.