best canadian oil etf for 2011

best canadian oil etf for 2011 : Canada is a country which has a large amount of natural resources and that should really play in your mind while you are searching for best Canadian Etf’s for 2011. The reason is simple as the economy grows worldwide the scarce raw materials will be priced higher and the country which has these raw materials will definitely benefit. Australia and Canada are definitely in a unique position such that they have vast amounts of natural resources.

Guggenheim Canadian Energy Income ETF Offers Yield and Exposure to Oil Sands
I like Canadian Oil Sands, the only pure-play producer of the sector. The stock trades at a reasonable 14.6 times forward earnings and yields 2.8%. I also like Canadian Natural Resources, which only derives about 15% of its business from oil sands production. It also has large exposure to natural gas. Canadian Natural Resources trades at a reasonable 16.1 times forward earnings, though it only yields 0.7%. Read More...

ETFs To Watch March 3, 2011 (CRUD, ELD, FXC, BRF)
The Direxion Daily Real Estate Bear 3X Shares (NYSE: DRV) was a high-volume winner on Wednesday. The ETFS Physical Palladium Shares (NYSE: PALL) and the Market Vectors Junior Gold Miners ETF (NYSE: GDXJ) continue to look like solid plays among precious metals. Read More...

Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)
The investment bank cited Amazon’s recent plans to offer free streaming movies to its “Prime” service subscribers as possibly hurting the company’s operating profit margins, and it will likely require further investments into movie rights as well. Meanwhile in the commodity world, gold inched higher during trading hours and managed to stay above the $1,410 an ounce mark but oil on the other hand slipped lower to just below $97 a barrel as tensions cooled in some regions of the Middle East.Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: