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Global X Can Oil and Gas Equity Covered Call ETF T.ENCC



TSX:ENCC - Post by User

Post by DivLoveron Aug 06, 2023 4:36pm
299 Views
Post# 35575558

Is Encc a good buy

Is Encc a good buyI am mainly focused on ETFs , though l bought my first stock in over 4 years in the Oil and Gas sector, itis a low div payer , and l love divs but l believe it has some real torque going forward if and only if Oil prices hold or increase from here. Other than some small Oil holdings in some of the ETFs l own my exposure to this sector was very limited. I saw a few posts elsewhere recommending this Horizon product and l was intrigued , did my DD and now own a full position in ENCC. What's not to like at this time , a 14 percent div and a rising oil price , l also like that it is exposed to some pipes , another bonus as going forward l expect interest rates go hold then drop and that means millions to those Pipes carrying substantial debt. I firmly believe l  entered at a good time and at a fair price.Never would have bought if l wasn't a SH member, one plus in their favour.
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