iShares S&P/TSX Capped Energy Index ETF (XEG.TO)

Broadly dominated (over 50%) by the top couple of holdings. Couple of other options include HOG, a midstream provider and more diversified. BMO has an equal weight index too. He'd skew to equal weight, rather than market cap. If we get into stagflation, commodities do well, and you want an asset class that has structural ties to that. Edge your position in over time.

If you believe in the energy side, and you don’t want to pick a particular stock, this will run with the overall market. Still significant upside yet. Good grab-bag of juniors and seniors.

This is more interesting than ever before. Toronto has got a little bit of its mojo back. September was a great month for the oil space in the TSX index. You might want to look at some smaller cap names to give you more torque.

Doesn’t think this is worth buying, as he doesn’t expect the price of oil is going to change much from its $50 range. Whenever the price gets high, the Americans turn on the taps and the price goes back down again.

The energy sector outperformed the TSX as energy prices recovered last year, but the TSX has continued to go sideways to slightly higher while the energy sector has gone down. So he has been adding energy. He bought equal weight ETFs for North American energy exposure.

A bit tricky in that Suncor is a big part of it. If you really believe and want to invest in oil, particularly in Western Canada, the guys that are going to get the biggest kicks are the ones that have been hammered down. The boys out West have done a really good job in cutting costs. They have survived. Some of them have managed to get back into a bit of a growth pattern. If we do get a lift in oil prices in the mid-$50, mid-$60 a lot of these are going to do okay.