Buy, Sell or Hold: iUnits S&P/TSX Capped Energy ETF (XEG-T)

Home Daily Stock Opinions and Ratings iUnits S&P/TSX Capped Energy ETF (XEG-T)

TSE:XEG

16.59

0.04 (0.24%) 1d

BUY

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.

E.T.F.'s

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PAST TOP PICK

(A Top Pick Mar 21/22, Up 8%) Energy sector is not favourable at this time. Longer term, it will do well. Right now, wait for a better opportunity, perhaps late, late December/early January or in February.

E.T.F.'s

BUY on WEAKNESS

Long term is negative on outlook on for traditional energy (~20 years). Short term, is buying energy names (~5 years). Doesn't think oil will go to $120. Once conflict in Ukraine stops, oil prices will fall.

E.T.F.'s

DON'T BUY

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 6-12 months.

E.T.F.'s

TOP PICK

This is for exposure to the Canadian energy sector which is in a better spot than the U.S. sector. Energy has done really well and has more to go, being in a strong seasonal period. April is a very good month for energy.

E.T.F.'s

SELL ON STRENGTH

The way to trade energy is XEG which is market cap weighted. ZEO is equal weights. He has been selling into strength right now though.

E.T.F.'s

PAST TOP PICK

(A Top Pick Feb 11/20, Up 57%) He had it as a tactical play, which he holds for 3-6 months, not a core position. Once he makes his 20-25%, he's out and doesn't pay attention to what happens after that.

E.T.F.'s

SELL ON STRENGTH

Not early in this play. Oil prices are getting back to the $100 area, but energy stocks won't get back to levels at the time due to the ESG factor. Because of the under-investment in traditional energy stocks, prices may stay elevated. However, it will probably see lower highs per rally. Trimming exposure to energy. Would not add new money and would trim.

E.T.F.'s

COMMENT

Average adviser clients would have 5-20% allocation in energy. It is cyclical and volatile. It could go down. Wouldn't recommend holding more than 20% weighting in the sector. Current energy weighting on the TSX is 12%.

E.T.F.'s

COMMENT

Okay if you are interested in dividends. If you are looking for capital appreciations, there are better choices for this. 2.8% dividend.

E.T.F.'s

BUY

The world is moving away from oil, but in the short term, there could be increased demand to supply. If oil is $60-$80, oil stocks are pretty cheap. Likes the sector to trade, but not for the long term. The biggest investors in green energy are these traditional energy companies.

E.T.F.'s

COMMENT

XEG widely diverges from the price of oil. Why? The large caps take more time to come back. There's mass selling in Suncor, rumoured to be the Saudis, but this should be over. He expects SU to rally. Divestments and general confusion about peak demand impacts fund flows into large caps. It's faster to make the small-caps rally because they need less money. It's very difficult to find mass supply of shares of small caps.

E.T.F.'s

COMMENT

Both the US and Canada governments are now less supportive of the energy sector overall. However, because of cut-back in capital expenditure, the reflation story is positive for the next year. Crude oil prices can climb to $50-$60. Ultimately, this will not be sustainable but you could be over-weight for the next 6-12 months.

E.T.F.'s

COMMENT

Challenge with buying US ETFs that participate in MLPs is that they're not favourable to a Canadian investor. Withholding tax of 15-30%. Be very, very careful on the MLPs. If you want gas exposure, think about XEG or ZEO. Most bang for the buck would be the HED, with small cap exposure. Small caps have more operating leverage if you're confident gas prices will rise. HOG is a bit more conservative.

E.T.F.'s

WAIT

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.

E.T.F.'s

Showing 1 to 15 of 181 entries

iUnits S&P/TSX Capped Energy ETF(XEG-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 7

Stockchase rating for iUnits S&P/TSX Capped Energy ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 7 stock analysts published opinions about XEG-T. 4 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

7 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 2022-12-02, iUnits S&P/TSX Capped Energy ETF (XEG-T) stock closed at a price of $16.59.

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iUnits S&P/TSX Capped Energy ETF (XEG-T)

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iUnits S&P/TSX Capped Energy ETF(XEG-T)

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iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T)

iUnits S&P/TSX Capped Energy ETF(XEG-T) Rating

iUnits S&P/TSX Capped Energy ETF(XEG-T) Frequently Asked Questions

What is iUnits S&P/TSX Capped Energy ETF stock symbol?

Is iUnits S&P/TSX Capped Energy ETF a buy or a sell?

Is iUnits S&P/TSX Capped Energy ETF a good investment or a top pick?

Why is iUnits S&P/TSX Capped Energy ETF stock dropping?

Is iUnits S&P/TSX Capped Energy ETF worth watching?

What is iUnits S&P/TSX Capped Energy ETF stock price?

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