Canadian Energy and US Oil are Top Plays for 2020I won't go into lengthy detail about why energy/oil will be a winner since I have done so on numerous ideas already, however, I wanted to kindly make this idea to give people who may be unaware, of what etfs they should be looking at for 2020.
HEU follows top Canadian Energy players like Suncor and Canadian Natural Resources with some smaller ones on a 2x leveraged basis.
NRGU follows big US Oil players like Exxon, EOG and so forth. It follows the 10 biggest US oil companies at 10% per stock on a 3x leveraged basis.
Both are good plays for 2020 that use a leveraged return profile.
It is important to be patient. A quick spike in oil may not always equate to some epic rise in energy stocks. Similar to Gold stocks, it took at-least 4-5 weeks of elevated Gold prices for the mining sector to take off - the same will be true for the energy sector.
- zSplit
