BMO Equal Weight Oil & Gas Index ETF T.ZEO

Alternate Symbol(s): BZEOF

The ETF seeks to replicate, to the extent possible, the performance of an equal weight Canadian large-cap oil and gas companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Canada Oil & Gas Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.

TSX:ZEO - Post by User

BMO Equal Weight Oil & Gas Index ETF

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Post by Franman184on Aug 11, 2022 5:09pm

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Post# 34889747

410,000 Barrels off line in the Gulf

Shell has halted production at three of its deepwater platforms in the Gulf of Mexico, Shell said in a statement to Reuters on Thursday.

Shell has halted production at its Mars, Ursa, and Olympus platforms, which combined can produce 410,000 barrels of Mars sour crude oil per day, after a leak shut in the Mars and Amberjack Pipelines that connect to the platforms. Shell has not provided a timetable for restart, although the company said it was evaluating "alternative flow paths" to bring the oil to shore through other pipeline routes.

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