Another View of EnergyStan Wong is a very conservative investor yet he also feels that the energy sector still has a long way to go. First stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/stan-wong-s-top-picks~2414411
The iShares Global Energy ETF provides exposure to a basket of large-cap energy companies around the world with about 59 per cent allocated to the U.S. and the remainder to international markets including Canada.
Energy prices are being supported by improving global demand, diminished supplies and a drawdown in inventories. Large-cap global energy companies generally have strong balance sheets, strong free cash flow and have become more disciplined with expense and capital management. Valuations in the energy sector continue to look attractive relative to other sectors.
Share prices have not kept up with rising earnings forecasts and oil prices. Increasing interest rates and rising inflation expectations also bode well for the sector. Top holdings in the iShares Global Energy ETF include Exxon Mobil, Chevron, Shell PLC, ConocoPhillips and Canadian Natural Resources. IXC currently pays a dividend yield of over 3.0 per cent.
TOP PICK
iShares S&P Glb Energy E.T.F.(IXC-N)
31/03/2022 at 08:00pm
Continues to think energy space will outperform. 50% of IXC allocated to USA market, with remainder in international/Canada markets. Geopolitical issues will not affect price of oil/natural gas in the long term. Believes capital allocation in energy has improved. Share prices not reflecting value of companies. Rising interest rates are a good thing for energy.
OIL AND GAS (INTEGRATED OILS)
Stan Wong
$36.430
Owned