He likes the covered call overlay and yield around 7%. He does not like the risk in Europe, but it is lower than North America. It is a diversifier from Canadian and US dividend holdings. He would not buy it here. He would lighten up. He would buy it back on a pullback.

Fracking is still going to continue, but they are leveraged to the price of oil. There is a massive glut in unleaded gas. CFW-T should retrace almost to the February lows earlier this year.

This is non-leveraged. It would lose only a half to one percent over a year due to rebalancing. He uses it.

4.9% yield. Holds exposure to a high yield index so you get a high yield return. There are risks. It is very similar to the volatility of the market.

He would play a gas producer for a gas bounce back (ARX-T). KMI-N is a pipeline company mostly and they had financial issues, which scares him. It is a turnaround story.

Pipelines have been good performers lately because of the search for yield. They all got hurt in the early part of this year. These stocks will probably stay higher for longer than people expect.

Continue to hold it, but you may not make any money in the short term. The problem is that with the fuel prices being so low, there is less incentive to upgrade airline fleets to get more efficient equipment.