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Energy & Income Advisor Live Chat January 2020
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AvatarRoger Conrad
6:56
My last comment on your question concerns ETFs in general. You can certainly track performance of any ETF that has a listed symbol. What you increasingly can't do is find out what's actually inside most of them. What, for example, does "low carbon" mean? Are you talking about energy companies or stocks in industries where carbon footprint is how much non-biodegradable trash is generated by employees? The problem is made worse by the prevailing trend for ETFs to be based on proprietary indexes, which are not accessible by the public--even if you subscribe to a very pricey service like Bloomberg as we do.
6:58
Not knowing what's inside an ETF essentially makes it a black box. That to me is wholly unacceptable. Take the time to see what you're buying when you invest. Would you do otherwise for any other product you buy?
7:09
I want to close with a couple of answers to questions we received in email. First from Jerry on Enerplus. The company announces Q4 results Feb 21. The company did release guidance earlier this month for 12% annual liquids production growth with a 13% cut in CAPEX from previous guidance--with CAPEX 82% devoted to North Dakota in 2020. Shares have come down sharply along with oil prices. But the dividend appears well supported and credit pressures are light. Our advice is still buy up to 11.
7:13
Well that's actually all I have that wasn't also entered into the chat. If for some reason you feel your question wasn't completely answered, I'd like to invite you again to send it to service@capitalisttimes.com
7:15
Thanks again everyone for participating in today's chat. See you next time.
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