Stock price when the opinion was issued
Oil stocks in Canada have been overlooked. There is a bit of a base going on and they are breaking out from that base. Eventually they will break out from the bottom. If you think oil stocks are going up this has been a bit of a laggard. They also own some oil producers including Suncor. It is a longer term holding.
Downtrend, yes, but major support coming plus seasonal period from now to May/June. Might get cheaper, but he's legging in because of bigger-term support on this ETF and on the oil sector. Likes oil for a trade into the spring.