iShares S&P/TSX Capped Energy Index ETF IUNSF

Primary Symbol: T.XEG

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Energy Index the Index, net of expenses. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index. A sampling strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a representative portfolio of securities that has an aggregate investment profile similar to the Index.

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iShares S&P/TSX Capped Energy Index ETF

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Post by Schussing56on Mar 28, 2024 9:45pm

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Post# 35959594

State of Oil

Got my distributions prefectly on time as usual, but down somewhat from highs last year. Price per unit is going up, but still not as high as just after Russia attacked Ukraine. Seems like Opec is doing a good job regulating prices. Canada is supposed to receive a boost with the completion of the Trans Canada pipeline. A main concern seems to be lack of investment in exploration. Hard to say what will happen to the Canadian oil companies. They should be doing extremely well but, with the carbon taxes and, other regulations eating into their profits, maybe they aren't doing as well as one might expect.

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Nine Mile Metals completes acquisition of 3 properties