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.
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.
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.
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.
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.
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.
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
In the last year, there was no coverage of iUnits S&P/TSX Capped Energy ETF published on Stockchase.
iUnits S&P/TSX Capped Energy ETF was recommended as a Top Pick by Eric Nuttall on 2021-02-09. Read the latest stock experts ratings for iUnits S&P/TSX Capped Energy ETF.
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0 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.
On 2021-03-05, iUnits S&P/TSX Capped Energy ETF (XEG-T) stock closed at a price of $7.88.