agreeI don't mind whether you agree or not.
From your recent posts, I most certainly didn't agree with some of the pumping comments you were making to promote ambiguous investment vehicles.
I don't believe for a second that you were being dishonest or self serving.
Just like the recent posts I've been making on ENCC and BK. They're not dishonest and they most certainly aren't self serving.
Also, if you've read them, I've admitted I could easily be wrong, so PLEASE DO YOUR DUE DILIGENCE instead of following a talking head that promotes catching falling knives.
This ETF isn't going to go bankrupt but at the present rate of oil prices and they're recent precipitous drops for at first Canadian blends and now worldwide blends, there just isn't anything positive to say about this investment.
Urging people to fall in love with these vehicles isn't a good thing to do.
If the price of oil stays down, the companies held by this ETF will reduce their payouts or cut them completely. When they make their trades, they won't be as profitable or even come out as losses.
When this happens, and it won't take long, the price of the ETF will fall accordingly as will the distribution, resulting in a loss of capital that will be much higher than the distributions will cover.
I could be wrong on this evaluation and this may be a bargain but I don't think so, from what I can see of oil prices around the world and especially in North America.
Informing the holders of this ETF of what's happening is not a bad thing and then they are aware of the risks.
There's way to much risk in this ETF right now IMHO.
GLTA the good folks here
For full disclosure, I sold out at $11.24 and if there appears to be a good entry point, I will be buying again, but not if the risk continues to be as high.