Post by
fishcarrier on Apr 12, 2024 3:32pm
Price way down
Guys, the price of this ETF has been plummeting last couple of days. From 21.40 plus down to as low as 20.72. Oil is not down appreciably. Anyone know what's going on? Only thing I can think of is that some investors are discarding their ETF's in energy for direct stock purchases, believeing they'll do better. I'm not selling. I like the monthly revenue just fine! - unless I hear of a good reason. GLTA
Comment by
NobleHouse on Apr 17, 2024 2:04pm
Fish , you will be waiting a long time as there is no good reason for this ETF with our outstanding dividend getting punished far more than the decline in oil prices.If l had to take a flyer it would be that about 40% of our holdings are in the Pipelines and not in the producers.That is just my 2 cents.
Comment by
firstworld on Apr 18, 2024 10:42am
At $80M /KM there will never be another pipeline build in Canada, ever.