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 Jun 24, 2022 8:01am

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Post# 34779590

Smokescreen the last two weeks

Just my opion - The world is using more oil then can be supplied. The Russians are selling just as much oil if not more then before the Ukraine war. They are making more money than before the start of the war with a 20 to 30 percent discount to world prices. Gasiline in the USA is selling at the equivalant of $170 crude oil because of a lack of north american refining. China has only started to ramp up thier economy again. Canadian oil and gas companies are making a boat load of cash and if thier smart they are paying down debt and retiring shares. Long Canadian oil !!

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