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  5. ZEO: I own the BMO Equal Weight Canadian Oil and Gas Index ETF (ZEO) as well as some Canadian Natural Resources (CNQ), Tourmaline Oil (TOU), and Enbridge (ENB). [BMO Equal Weight Oil & Gas Index ETF]

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Q: I own the BMO Equal Weight Canadian Oil and Gas Index ETF (ZEO) as well as some Canadian Natural Resources (CNQ), Tourmaline Oil (TOU), and Enbridge (ENB). All have done well. But oil prices are expected to fall in 2026 due to excess supply. Plus, with the US takeover of Venezuela, my understanding is that demand for Canadian oil could drop. Could you please rate each as a sell or hold? I hold ZEO in my TFSA if that make a difference. Would you swap any for a US oil company and/or a US Oil and Gas ETF? Thank you.
Asked by Kim on January 05, 2026
5i Research Answer:
Please also see this answer from Monday morning. We would rate all the securities here as...
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