Doug Fabian, Making Money Alert
California-based Doug Fabian may be best known for following moving stock averages to help him determine when to enter and exit markets. He is editor of two monthly newsletters, Successful Investing and High Monthly Income, a weekly trading service ETF Trader, a weekly free e-newsletter Making Money Alert, and is host of the syndicated radio show, “Doug Fabian’s Wealth Strategies.”
Claymore Canadian Energy Income (ETF: ENY)
In every market cycle there are certain sectors that, for a variety of technical, fundamental and even political reasons, are just too attractive to pass up. Over the past several years energy has been one of these sectors.
In my opinion, the trend toward higher energy prices, and a corresponding upside in energy stocks, is not just a news-driven phenomenon. If you think, as I do, that global economic expansion will continue to increase the demand for oil and other sources of energy, then by extension you have to think that energy stocks are a good place to put at least a small portion of your total investment dollars.
My favorite way to play the boom in energy stocks is via the Claymore Canadian Energy Income ETF (ENY). ENY boasts some of the biggest and most profitable energy companies in Canada. I am talking about giants like Canadian Oil Sands, Imperial Oil, Encana Corp, Penn West Energy Trust, Suncor Energy and more. So, when you buy ENY you are aligning yourself with companies that are posting some of the best earnings in the Canadian energy markets.
Happy Investing!
Doug Fabian
Editor, Successful Investing
www.FabiansSuccessfulInvesting.com