Global X Enhanced Can Oil And Gas Eq Cov Call ETF T.ENCL

ENCl keeps giving

[NobleHouse]

Considering how well this ETF has performed it is sad that the majority of posts are by SH .I used to own our sister ETF ,ENCC and it is an excellent investment, but if you are bullish on the sector like l am , then l sold all my ENCC and individual stocks in O and G and bought ENCL. That 25% leverage has really produced. Just look at today's present trading ENCC up 12 cents and ENCL up double even though that 25% leverage would suggest it should be up 3 cents not 12.The Trend is your Friend as they say untill it no longer works Follow closely , do your own DD and like numerous previous collapses in the sector , don't think just exit.Now my take we are in for a multi year Rennaicance in the sector. So many catalysts including World chaos the TMX and lower interest rates. This not so long ago represented 14% of my portfolio , now 30% and all divs plus new money buying more every month.Cheers to those that own but don't post.

[fishcarrier]

Absolutley! You're not kidding Noble. I love this stock, esp. for my TFSA. That 17% keeps rolling in every month. I, too, had ENCC earlier, and sold that for this ETF. I also like HMAX if you believe the banks will pick up once interest rates come down. But right now, this is my investment of preference. I agree with you that the energy sector should do well for the forseeable future. GLTA