TSE:XEG
5.43
0.09
(1.63%)
iUnits S&P/TSX Capped Energy ETF
XEG-T
Analysis and Opinions about XEG-T
Signal
Opinion
Expert
WAIT
WAIT
May 7, 2020
Canadian Energy Sector and especially XEG-T. XEG-T is a great ETF to play the energy market overall. It is a good core position for the Canadian sector. Seasonally it is strong until May 9. It is based on supply/demand imbalances. It is not working right now but does not mean it will not work soon. The net seasonal period is late July into early October. When he finds weakness through the summer it often work well in the fall. But he would not look at it right now.
Show full opinionHide full opinion
Canadian Energy Sector and especially XEG-T. XEG-T is a great ETF to play the energy market overall. It is a good core position for the Canadian sector. Seasonally it is strong until May 9. It is based on supply/demand imbalances. It is not working right now but does not mean it will not work soon. The net seasonal period is late July into early October. When he finds weakness through the summer it often work well in the fall. But he would not look at it right now.
COMMENT
COMMENT
April 3, 2020
The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.
The composition of this ETF has become highly concentrated. Five names account for 78% of its value. CNQ and SU account for most it. Both of those names have rallied well compared to their peers as buyers in the US have been stepping in. However, their hedge books are naked to oil prices right now. He would prefer to own small cap names with good hedge books, if you select the right ones he thinks.
COMMENT
COMMENT
March 9, 2020
How long will oil companies hang onto their dividends before cutting them? $40 is around the break-even for Canadian oil prices and oil is below that today. Globally, there's an oil glut. It needs a lot more demand or a supply shock, but the latter will bankrupt some companies. Cuts to dividends and production are likely. Friday's OPEC news was an alarm to get out of oil. WTI's neckline is $42 and now it's $31. We could return to 2016's $26, but he wouldn't be surprised with a snapback rally. Oil is so difficult for the average trader.
Show full opinionHide full opinionHow long will oil companies hang onto their dividends before cutting them? $40 is around the break-even for Canadian oil prices and oil is below that today. Globally, there's an oil glut. It needs a lot more demand or a supply shock, but the latter will bankrupt some companies. Cuts to dividends and production are likely. Friday's OPEC news was an alarm to get out of oil. WTI's neckline is $42 and now it's $31. We could return to 2016's $26, but he wouldn't be surprised with a snapback rally. Oil is so difficult for the average trader.
TOP PICK
TOP PICK
February 11, 2020
It's a good buy now, because the oil companies have been efficient and there have been two court decisions favourable to the Oil Sands.
Show full opinionHide full opinionIt's a good buy now, because the oil companies have been efficient and there have been two court decisions favourable to the Oil Sands.
DON'T BUY
DON'T BUY
January 20, 2020
Energy is a big part of the Canadian story. The world is serious about climate change. We need balance in the transition away from fossil fuels and limiting pipeline capacity is one of the most idiotic way of doing this.
Show full opinionHide full opinionEnergy is a big part of the Canadian story. The world is serious about climate change. We need balance in the transition away from fossil fuels and limiting pipeline capacity is one of the most idiotic way of doing this.
BUY
BUY
January 2, 2020
Prefers this over ZEO, as he likes the market weight of the likes of Suncor. Both are baskets of Canadian energy companies.
Prefers this over ZEO, as he likes the market weight of the likes of Suncor. Both are baskets of Canadian energy companies.
PAST TOP PICK
PAST TOP PICK
December 23, 2019
(A Top Pick Aug 12/19, Up 17%) It has had higher lows since he recommended it. You needed to have an exit plan. It is still a good place to be.
Show full opinionHide full opinion(A Top Pick Aug 12/19, Up 17%) It has had higher lows since he recommended it. You needed to have an exit plan. It is still a good place to be.
TOP PICK
TOP PICK
December 20, 2019
If you decide you want to buy into the energy sector, which has been beaten up so badly, this is a good way to sneak in. It has bigger companies and it’s a relatively safe way of putting your toe in the water. You have to believe there’s a turnaround coming if you choose this pick.
Show full opinionHide full opinionIf you decide you want to buy into the energy sector, which has been beaten up so badly, this is a good way to sneak in. It has bigger companies and it’s a relatively safe way of putting your toe in the water. You have to believe there’s a turnaround coming if you choose this pick.
BUY
BUY
November 25, 2019
Has oil hit a bottom, so time to buy XEG? Could be a major bottom here. If we get the TransMountain done and release Alberta/Saskatchewan oil to world markets, this would be a huge value relief for the Canadian oil sector. However you play this, like XEG and ZDO, you will get a big bang for your buck on the small/mid-caps vs. the large-caps which have been beaten silly. Play XEG with an option strategy; buy a call spread in the future when you predict a rally. Pay for this by writing puts. If the market keeps declining, you'll be put at a lower price; the call option becomes free on the upside. Calling a bottom now is very difficult.
Show full opinionHide full opinionHas oil hit a bottom, so time to buy XEG? Could be a major bottom here. If we get the TransMountain done and release Alberta/Saskatchewan oil to world markets, this would be a huge value relief for the Canadian oil sector. However you play this, like XEG and ZDO, you will get a big bang for your buck on the small/mid-caps vs. the large-caps which have been beaten silly. Play XEG with an option strategy; buy a call spread in the future when you predict a rally. Pay for this by writing puts. If the market keeps declining, you'll be put at a lower price; the call option becomes free on the upside. Calling a bottom now is very difficult.
DON'T BUY
DON'T BUY
November 4, 2019
Energy faces a lot of challenges. If you're contrarian you can buy some of this. He's not a fan of energy. Current energy prices are about right. Also, Aramco is going public, as announced today, which will attract some investment at the expense of Canadian energy stocks. Alberta needs pipelines.
Show full opinionHide full opinionEnergy faces a lot of challenges. If you're contrarian you can buy some of this. He's not a fan of energy. Current energy prices are about right. Also, Aramco is going public, as announced today, which will attract some investment at the expense of Canadian energy stocks. Alberta needs pipelines.
TOP PICK
TOP PICK
September 13, 2019
He's re-entered the space with another announcement of pipeline being reconsidered. A lot of these companies are back making money. The energy sector should see some change shortly, and if there is a change, oil companies will do well.
Show full opinionHide full opinionHe's re-entered the space with another announcement of pipeline being reconsidered. A lot of these companies are back making money. The energy sector should see some change shortly, and if there is a change, oil companies will do well.
DON'T BUY
DON'T BUY
September 11, 2019
Limited energy in his portfolio, only Enbridge. Sector is trending downwards. Late cycle, when energy is not the best performer.
Show full opinionHide full opinionLimited energy in his portfolio, only Enbridge. Sector is trending downwards. Late cycle, when energy is not the best performer.
DON'T BUY
DON'T BUY
August 30, 2019
Canadian energy ETF. In terms of carbon risk, these are exclusively oil and gas. Has massive concerns about it. The world is shifting towards a low carbon economy. He expects them to continue paying dividends, but no growth.
Show full opinionHide full opinionCanadian energy ETF. In terms of carbon risk, these are exclusively oil and gas. Has massive concerns about it. The world is shifting towards a low carbon economy. He expects them to continue paying dividends, but no growth.
TOP PICK
TOP PICK
August 12, 2019
We are trying to bottom here. A year from now energy will be a good risk/reward.
Show full opinionHide full opinionWe are trying to bottom here. A year from now energy will be a good risk/reward.
DON'T BUY
DON'T BUY
August 1, 2019
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.
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.
iUnits S&P/TSX Capped Energy ETF(XEG-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 8
iUnits S&P/TSX Capped Energy ETF(XEG-T) Frequently Asked Questions
What is iUnits S&P/TSX Capped Energy ETF stock symbol?
iUnits S&P/TSX Capped Energy ETF is a Canadian stock, trading under the symbol XEG-T on the Toronto Stock Exchange (XEG-CT). It is usually referred to as TSX:XEG or XEG-T
Is iUnits S&P/TSX Capped Energy ETF a buy or a sell?
In the last year, 8 stock analysts published opinions about XEG-T. 3 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is WAIT. Read the latest stock experts' ratings for iUnits S&P/TSX Capped Energy ETF.
Is iUnits S&P/TSX Capped Energy ETF a good investment or a top pick?
iUnits S&P/TSX Capped Energy ETF was recommended as a Top Pick by Brooke Thackray on 2020-05-07. Read the latest stock experts ratings for iUnits S&P/TSX Capped Energy ETF.
Why is iUnits S&P/TSX Capped Energy ETF stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is iUnits S&P/TSX Capped Energy ETF worth watching?
8 stock analysts on Stockchase covered iUnits S&P/TSX Capped Energy ETF In the last year. It is a trending stock that is worth watching.
What is iUnits S&P/TSX Capped Energy ETF stock price?
On 2020-08-13, iUnits S&P/TSX Capped Energy ETF (XEG-T) stock closed at a price of $5.43.
