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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts believe that the covered call provides a boost to income in a volatile space with a yield of about 8.5%. However, the total return over 3 years compared to a similar ETF, XEG, is lower at 94% for NXF. The MER is also noted to be higher with covered calls. There is optimism for the future value of energy, but no near-term catalyst for a higher move in the stock price.

Consensus
Mixed
Valuation
Fair Value
DON'T BUY

Covered call gives you a boost to income, even more so because the space is volatile. Yield is about 8.5%. If you compare it to XEG, the total return over 3 years is 157%, compared to 94% for NXF. Total return should be your focus, unless you really need the income. MER is usually higher with covered calls.

There's value in energy going forward, but no near-term catalyst for it to move higher anytime soon.

E.T.F.'s
DON'T BUY
This is a call on oil. He is not going to want to buy a lot of oil. This is the 15 largest companies and they write covered calls. You will collect much higher premiums for the calls. But he would be cautious of this one.
E.T.F.'s
DON'T BUY
The world's big oil companies. Will oil continue its run after two months? He's surprised this ETF didn't rise higher, because oil has--there's a de-coupling. He doesn't know this ETF well.
E.T.F.'s
COMMENT

Given that the energy space is volatile, but not overly sold, the covered call strategies have looked pretty attractive over the last couple of years. Generally speaking, he is not an energy fan or investor. However, when his arm gets twisted by a TSX that roars forward, and he is not playing that game, he tends to go in and rent that ETF space.

E.T.F.'s
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First Asset Energy Giants Cov Call ETF Hgd(NXF-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for First Asset Energy Giants Cov Call ETF Hgd 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.

First Asset Energy Giants Cov Call ETF Hgd(NXF-T) Frequently Asked Questions

What is First Asset Energy Giants Cov Call ETF Hgd stock symbol?

First Asset Energy Giants Cov Call ETF Hgd is a Canadian stock, trading under the symbol NXF-T on the Toronto Stock Exchange (NXF-CT). It is usually referred to as TSX:NXF or NXF-T

Is First Asset Energy Giants Cov Call ETF Hgd a buy or a sell?

In the last year, 1 stock analyst published opinions about NXF-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for First Asset Energy Giants Cov Call ETF Hgd.

Is First Asset Energy Giants Cov Call ETF Hgd a good investment or a top pick?

First Asset Energy Giants Cov Call ETF Hgd was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for First Asset Energy Giants Cov Call ETF Hgd.

Why is First Asset Energy Giants Cov Call ETF Hgd 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 First Asset Energy Giants Cov Call ETF Hgd worth watching?

1 stock analyst on Stockchase covered First Asset Energy Giants Cov Call ETF Hgd In the last year. It is a trending stock that is worth watching.

What is First Asset Energy Giants Cov Call ETF Hgd stock price?

On 2024-07-15, First Asset Energy Giants Cov Call ETF Hgd (NXF-T) stock closed at a price of $6.22.