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

RE: another question

[OptsyEagle]

Someone else might be better at answer that question than me. Personally I do not own any direct oil&gas trusts. To do so would be making a call on the price of the underlying commodity and I learned a long time ago to seperate what I know from what I think I know and although many will give you an opinion on why oil prices are going higher, etc. etc., at the end of the day they have no clue. The price of that fund you mentioned will be directly dependant on where these commodity prices go. I may miss out on a great run by playing things this way, but the good news is that there is more than enough things to invest in that I do understand, I doubt I will be hurt very much. I have seen these so call sure things fall apart enough to know that one should invest in things they can truly understand. EIT fits that bill and a few others. EIT does have some exposure to oil&gas but if I had it my way they would have none. Which is one of the reasons I like PGT.UN, FC.UN, etc. So no, I do not favour that other oil&gas fund. But that is just my personal opinion and by no way does it mean that one will not make any money from it. I just don't like to speculate. I prefer very low calculated risks to almost sure things.