Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE: Think I found a reason for weakness

[Ticker28]

It's not hedgefunds shorting this one or conspiracy theorys but plain and simple its the interest rate hikes. They hurt any trust fund and enervest is not the only one bleeding right now from the recent interest hikes. Two sectors hit hard by interest hikes are always financials and trusts. Also a stiff correction in the price of crude or the tsx will also adversely effect this energy wieghted trust. All ones can do is hold on and hope distributions don't get cut because that can spell horror for any trust share price. Honestly I think enervest is strong enough to weather the storm but It will be hit with any looming oil or tsx correction along with the market. I would like to take a position for the distributions but will wait for the correction to buy in. As for thoese holding now, as long as it remains fundamentally sound I wouldn't worry about the day to day fluctuations. Good luck to all. Ticker