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  5. ZEO: Another question regarding Martin Pelletier's Financial Post article about using oil to hedge against possible serious geopolitical events [BMO Equal Weight Oil & Gas Index ETF]
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Q: Another question regarding Martin Pelletier's Financial Post article about using oil to hedge against possible serious geopolitical events:

Would HUC work in this scenario? Please suggest at least three other Canadian-listed oil ETFs that could also work.

Thanks.
Asked by Jerry on January 11, 2024
5i Research Answer:

HUC is an ETF that tracks the price of crude oil, via futures, and, while it is quite small, would be about the best Canadian-listed direct oil ETF available. Choices are very limited in the Canadian market. HUC is the only one we can offer (HOU is leveraged, which we would not recommend). 

We think if investors want to get exposure to the oil sector in general, owning oil producers, refiners or royalty companies would be more profitable. We like ETFs such as XEG, ZEO.

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