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TSE:XEG
Big runup, and then a sideways consolidation. Easy money's been made in energy. Oil likely to move lower and be in a sideways, choppy trading range. For the bulk of this year, and into 2024, energy stocks will go sideways and be relative underperformers. For example, if market's up 10%, energy might be up 8-9%. So they'll be broadly in line with market, but will underperform. They're late-cycle plays, and all his works shows that we're starting a new cycle.
XEG widely diverges from the price of oil. Why? The large caps take more time to come back. There's mass selling in Suncor, rumoured to be the Saudis, but this should be over. He expects SU to rally. Divestments and general confusion about peak demand impacts fund flows into large caps. It's faster to make the small-caps rally because they need less money. It's very difficult to find mass supply of shares of small caps.
iShares S&P/TSX Capped Energy Index ETF is a Canadian stock, trading under the symbol XEG.TO (previously XEG-T on Stockchase) on the Toronto Stock Exchange (XEG-CT). It is usually referred to as TSX:XEG or XEG.TO
In the last year, no analyst issued a Buy, Sell, or Hold rating on XEG.TO (previously XEG-T on Stockchase) on Stockchase. Read the latest expert commentary for iShares S&P/TSX Capped Energy Index ETF.
iShares S&P/TSX Capped Energy Index ETF was recommended as a Top Pick by Larry Berman CFA, CMT, CTA on 2020-12-14. Read the latest stock experts ratings for iShares S&P/TSX Capped Energy Index ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for iShares S&P/TSX Capped Energy Index ETF.
iShares S&P/TSX Capped Energy Index ETF is followed by 118 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-19, iShares S&P/TSX Capped Energy Index ETF (XEG.TO) stock closed at a price of $24.59.
Best way to get exposure to Canadian energy.
Provides dividends.
Excellent returns.