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

Nice pop today

[NobleHouse]

Still down from it's highs a week or two ago but l love this ETF and it is my second biggest portfolio position behind a Financial one.A couple of suggestions , with 40% oil 40% pipes and 20%Nzg , l would like to see at least one or two more oil stocks added as l think they have the most torque for now and the foreseeable future Second l would love to see Horizons , sorry GlobalX come out with a mid cap CDN energy ETF.Their divs are higher if you pick the right ones , they have greater potential upside than the big guys and it would definitely fill a niche opening.

[fishcarrier]

I like your viewpoints, Noble. I am guessing your first holding is HMAX. I do like the mid cap oils along with TOU myself. I might even go there. I'm a little concerned that this ETF might lose some of its capital/and or reduce its dividend. I venture to say that it will not soon rise back to its high of around $21.40~. Tell me I'm wrong. 

[NobleHouse]

Hello Fish , l am not worried at all about the current dividend getting cut , It didn't happen when oil was $7 less and not now .I still maintain that l would like to see 2 more oil stocks added to the mix and with further interest rate cuts on the horizon l expect the pipes especially to start acting in a reasonable manner .By the way my # 1 holding is actually FTN and l am more than happy as

[firstworld]

No material interest rate cuts coming .25 is meaningless when rates are up 500% from 2022, and inflation is up 25% since 2022. The only reason the cut is by politicizing BoC because Canadians were provided far too much credit and the gobts own over $1T combined. Canadians are bankrupt by global standard. ENCL is good.  They should increase the div though to reflect higher Szp and % payout.

[NobleHouse]

Hello Fish , l can't agree that no further interest rate cuts are in the works , you are however correct that .25% is meaningless , we need to see 1 or more % to really get things moving.I am not sure about a Divy increase as the holdings in this ETF have not increased theirs at this time , but as a div investor l most certainly wouldn't complain.Now what do you think about my 2

[firstworld]

It seems the BoC is being politicised now.  There is no way they should be dropping rates at all when official inflation is still 40% above 2% target rate, and should see at least 3-4 QTR stable inflation close to target.  Street level inflation for the masses is 20% +/-. The fact is 80% of Canadians went on a credit binge for last ten+ years plus all the COVID cash plus all the

[NoShoesNoShirt]

The reality is that inflation was persistently too low before the pandemic, and it's dropping so fast now that it may go far below 2%. Boc needs to drop the rate at every meeting and maybe by more than a quarter point. 

[firstworld]

Thanks to CN and MX outsourcing enmass onflation in 2019 made sense. Inflation on the steet is mortgage cost accounts for 70% + post tax invone is up 30-40%.  Insurance and energy up 15-20%.  Gasoline up 20%.  Food up 20% +. They are devalueing CAD. I dunped all ENCL today on wild fire risk just kms away, and currency.  The best thing anyone can donis exit CAD and Canada

[NoShoesNoShirt]

Are you drunk? I can't read what you're saying. 

[firstworld]

Haha typos are due to cruise ship wake on my Pershing X7 in MX.  

[NobleHouse]

Apologises ,First world , as l referred to you as Fishcarrier , again sorry but my post and view still stands.