Investment Q&A

• Enbridge Inc. (ENB $68.44)
  • $68.44 P/E (TTM): 25.98X Cap: $148.17B
  • View ENB Profile
  • View Questions on ENB
  • View Reports on ENB
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: Which would you prefer for long term income? Thanks

Upvote 4

Read Answer Asked by Tom on December 01, 2025

• Canadian Natural Resources Limited (CNQ $47.67)
  • $47.67 P/E (TTM): 14.92X Cap: $98.51B
  • View CNQ Profile
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• Tourmaline Oil Corp. (TOU $64.33)
  • $64.33 P/E (TTM): 18.43X Cap: $24.89B
  • View TOU Profile
  • View Questions on TOU
• Freehold Royalties Ltd. (FRU $14.91)
  • $14.91 P/E (TTM): 18.4X Cap: $2.44B
  • View FRU Profile
  • View Questions on FRU
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX $14.49)
  • $14.49 P/E (TTM): 14.32X Cap: $328M
  • View EMAX Profile
  • View Questions on EMAX

Q: I am an income investor and am overweight energy at 13.82% of my portfolio. FRU (4.63), CNQ (1.93), ENCC (1.17), TOU (2.72), EMAX (3.37). How would you reduce the energy holdings down to a more reasonable 5-7%?

Thank You, Jim

Upvote 3

Read Answer Asked by William on October 27, 2025

• Freehold Royalties Ltd. (FRU $14.91)
  • $14.91 P/E (TTM): 18.4X Cap: $2.44B
  • View FRU Profile
  • View Questions on FRU
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX $14.49)
  • $14.49 P/E (TTM): 14.32X Cap: $328M
  • View EMAX Profile
  • View Questions on EMAX

Q: Continuing with Adding Core Portfolio holdings. Energy Sector has EMAX (3.54), ENCC (1.23) & FRU (2.93) for 7.73% of my portfolio. (FRU I have traded many times). Any comments on the Energy Sector holdings?

Upvote 3

Read Answer Asked by William on June 18, 2025

• BMO Covered Call Canadian Banks ETF (ZWB $23.91)
  • $23.91 P/E (TTM): 11.7X
  • View ZWB Profile
  • View Questions on ZWB
• BMO Europe High Dividend Covered Call Hedged to CAD ETF (ZWE $20.78)
  • $20.78 P/E (TTM): 54.09X Cap: $735M
  • View ZWE Profile
  • View Questions on ZWE
• BMO US Put Write ETF (ZPW $15.95)
  • $15.95 P/E (TTM): 27.13X Cap: $86M
  • View ZPW Profile
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• BMO Covered Call US Banks ETF (ZWK $26.04)
  • $26.04 P/E (TTM): 12.58X Cap: $316M
  • View ZWK Profile
  • View Questions on ZWK
• Hamilton Enhanced Canadian Bank ETF (HCAL $33.92)
  • $33.92 P/E (TTM): 11.69X Cap: $747M
  • View HCAL Profile
  • View Questions on HCAL
• Hamilton Enhanced Canadian Covered Call ETF (HDIV $20.74)
  • $20.74 P/E (TTM): 17.49X Cap: $1.01B
  • View HDIV Profile
  • View Questions on HDIV
• Hamilton Enhanced U.S. Covered Call ETF (HYLD $14.84)
  • $14.84 P/E (TTM): 29.89X Cap: $919M
  • View HYLD Profile
  • View Questions on HYLD
• Harvest Diversified Monthly Income ETF (HDIF $8.86)
  • $8.86 P/E (TTM): 19.99X Cap: $463M
  • View HDIF Profile
  • View Questions on HDIF
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.44)
  • $13.44 P/E (TTM): 19.67X Cap: $925M
  • View UMAX Profile
  • View Questions on UMAX

Q: Hi. would like to know in what account (RRSP,TFSA,NON-REGISTERED) would be best suited for these ETFs and your best to less favored in order for each account type please. ZWB, HCAL, ZWK, ZWE, ZPW, UMAX, HYLD, HDIV, HDIF, ENCC. Thank you

Upvote 3

Read Answer Asked by Stan on June 09, 2025

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: I want to increase my energy holdings in the current market. Currently ENCC’s yield is around 14% due to selling covered calls. How do you anticipate that it will fare in the next few years?
Thank you for your excellent service.
Geoff

Upvote 1

Read Answer Asked by Geoffrey on May 13, 2025

• Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK $9.26)
  • $9.26 P/E (TTM): 8.48X Cap: $766M
  • View BANK Profile
  • View Questions on BANK
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.75)
  • $15.75 P/E (TTM): 9.31X Cap: $1.74B
  • View HMAX Profile
  • View Questions on HMAX

Q: Would Canadian funds such as ENCC, BANK, HMAX which hold Canadian stocks be taxed as dividend income or as capital gains income by the CRA ?
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.

Upvote 5

Read Answer Asked by Catherine on January 24, 2025

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: With the downward trend of OIL -what effect will it have on the yield of ENCC ? etc?

Upvote 2

Read Answer Asked by terrance on September 09, 2024

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX $14.49)
  • $14.49 P/E (TTM): 14.32X Cap: $328M
  • View EMAX Profile
  • View Questions on EMAX

Q: I'm leaning towards emax in a cash account to diversify with the US holdings even though encc has a higher yield.

What are the tax implications of emax vs. encc.

emax writes in the money options on 30% of the holdings
I cannot find this data for encc

Thank you

Upvote 1

Read Answer Asked by JACK on August 13, 2024

• Suncor Energy Inc. (SU $62.75)
  • $62.75 P/E (TTM): 14.25X Cap: $75.48B
  • View SU Profile
  • View Questions on SU
• Topaz Energy Corp. (TPZ $28.30)
  • $28.30 P/E (TTM): 68.98X Cap: $4.34B
  • View TPZ Profile
  • View Questions on TPZ
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX $14.49)
  • $14.49 P/E (TTM): 14.32X Cap: $328M
  • View EMAX Profile
  • View Questions on EMAX

Q: I am retired and in an income based RRSP your thoughts on switching ARC, SUNCOR and TOPAZ to the higher yielding EMAX and or ENCC

Upvote 9

Read Answer Asked by Reg on July 17, 2024

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Hamilton Energy YIELD MAXIMIZER TM ETF (EMAX $14.49)
  • $14.49 P/E (TTM): 14.32X Cap: $328M
  • View EMAX Profile
  • View Questions on EMAX

Q: I have held Freehold for a little over 2 years, and am no more than even on the stock price (but at least have the dividends). Similar to James' question today, I am thinking about selling FRU and moving to an energy income ETF. I have been looking at EMAX, but was not aware of ENCC that was mentioned by James. EMAX is new, but I like the North American approach vs ENCC which appears to be only Canadian companies. Could you compare the pros and cons of each ETF, including taxation of distributions, call strategy and any trading premium to NAV. Do you have a preference of one over the other? My objective is some sector exposure and income, more than capital gains.
Thank-you

Upvote 4

Read Answer Asked by grant on April 11, 2024

• Freehold Royalties Ltd. (FRU $14.91)
  • $14.91 P/E (TTM): 18.4X Cap: $2.44B
  • View FRU Profile
  • View Questions on FRU
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: I was considering selling FRU to buy ENCC. They seem to follow each other and ENCC has almost 2 times the yield. What would be the your thoughts on this trade? Thanks, James

Upvote 2

Read Answer Asked by JAMES on April 09, 2024

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: why is this considered hi risk? Thx James

Upvote 1

Read Answer Asked by JAMES on January 18, 2024

• Tesla Inc. (TSLA $430.14)
  • $430.14 P/E (TTM): 286.78X Cap: $1.43T
  • View TSLA Profile
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• Global X Equal Weight Canadian Bank Covered Call ETF (BKCC $16.10)
  • $16.10 P/E (TTM): 11.76X Cap: $283M
  • View BKCC Profile
  • View Questions on BKCC
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC
• Telsa Yield Shares Purpose ETF (YTSL)
  • View YTSL Profile
  • View Questions on YTSL

Q: Please rank the above in terms of risk/reward and technicals

Upvote 4

Read Answer Asked by Paul on November 28, 2023

• Global X Equal Weight Canadian Bank Covered Call ETF (BKCC $16.10)
  • $16.10 P/E (TTM): 11.76X Cap: $283M
  • View BKCC Profile
  • View Questions on BKCC
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: Just read an article in the Financial Post recommending these high yielding etfs.It seems to me to be extremely bad advice for your average investor.Your thoughts??

Upvote 0

Read Answer Asked by terry on September 07, 2023

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: Is this ETF too volatile and risky for a conservative investor? Terrific yield.

Upvote 0

Read Answer Asked by steve on September 07, 2023

• iShares S&P/TSX Capped Energy Index ETF (XEG $19.91)
  • $19.91 P/E (TTM): 1.58X Cap: $1.38B
  • View XEG Profile
  • View Questions on XEG
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: What do you think about this ETF for the rest of this year? I like the chart , it's turning up. Thanks

Upvote 0

Read Answer Asked by Florence on September 05, 2023

• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: What is your perspective on this ETF for income in current environment - with regards to safety and risk?
Do you believe that gas and oil has bottomed out?

Upvote 0

Read Answer Asked by Catherine on May 11, 2023

• WisdomTree Japan Hedged Equity Fund (DXJ $139.43)
  • $139.43 P/E (TTM): 30.61X Cap: $4.79B
  • View DXJ Profile
  • View Questions on DXJ
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: I am interested in your opinion of the eft's listed. With all the market turmoil I am looking for a basket of etf's with a high dividend and solid underlying holdings. I am also wondering if I am missing something in on your site where you evaluate ets's or do need to ask for that as an added service. Thanks for your help. Bob

Upvote 0

Read Answer Asked by Robert on March 21, 2023

• Baytex Energy Corp. (BTE $4.50)
  • $4.50 P/E (TTM): 16.11X Cap: $3.46B
  • View BTE Profile
  • View Questions on BTE
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: I currently hold BTE at 1% weighting and thinking to switch to ENCC and add for up to 2% weighting for yield and diversity in energy sector. In your opinion, is this the better move, or would holding both at 1% weighting be the preferred option? In an RSP seeking yield with some growth.

Thanks

Upvote 0

Read Answer Asked by Tony on March 10, 2023

• Ninepoint Energy Income FUnd (NRGI)
  • View NRGI Profile
  • View Questions on NRGI
• Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.96)
  • $10.96 P/E (TTM): 6.67X Cap: $646M
  • View ENCC Profile
  • View Questions on ENCC

Q: I need income. I'm bullish on oil. I'm trying to decide between encc & nrgi. Nrgi holds mostly US stocks which could be a tax problem. I don't mind giving up some upside for a covered call strategy.

Maybe a combination of both?

Thank you.

Upvote 0

Read Answer Asked by Gerald on February 06, 2023