XEG Canadian Oil safer play

Mar 10, 2021

This one is part of iShares and as such it contains the safest of the Canadian Energy Companies. The distribution is garbage right now with 0.02 /q but the history of this one has distributions as high as 0.08 in recent (2 years) history. A decent way to ride energy up. Not saying we are in a bull market on oil and no one knows where it is going over the next year, but 73-75 on USO seems to be the current (next week or two) target.

> is my most recent study on Oil, and purely technical, and not overly complex. Fundamental study is always recommended with oil.

> disclosure, I have a position built during 2020 on this.