iShares S&P TSX Capped Energy Index ETF T.XEG

Alternate Symbol(s): IUNSF

iShares S&P/TSX Capped Energy Index ETF is an exchange traded fund launched and managed by BlackRock Asset Management Canada Limited. It is co-managed by BlackRock Institutional Trust Company, N.A. It invests in public equity markets of Canada. The fund invests in stocks of companies operating across energy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the S&P/TSX Capped Energy Index , by using full replication technique. iShares S&P/TSX Capped Energy Index ETF was formed on March 19, 2001 and is domiciled in Canada.

TSX:XEG - Post by User

iShares S&P TSX Capped Energy Index ETF

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Comment by Schussing56on Jul 04, 2022 8:51am

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Post# 34798786

RE:RE:RE:RE:Another short opportunity

Keep in mind though, XEG is made up of Canadian oil producing companies so, they are affected by other factors, not just the price of oil. For example, the cost of oil related services has gone up significantly as well. Bart Melek, Chief commodities analyst for TD, says, in regard to oil, normally, when a cycle has peaked, you see a lot of traders shorting the market but, we're not seeing that with oil currently so, he thinks that the price of oil could continue to rise. He sees an average of $116 per barrel over the next 3 months.

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A waste-to-fuel development focused on producing low-carbon renewable fuels