The outlook for oil and gas remains strong

Article Excerpt

The long-term push to sharply cut oil and gas use—including through renewable power generation and electric vehicles (EVs)—will continue. But at the same time, it’s clear that there will be a continuingly prominent role for oil and gas for some time. That means top oil and gas firms will keep profiting—and paying high dividends. Here are three ETFs that focus on the traditional sources of energy. And in the Supplement page 60, we discuss the longer-term outlook for energy demand and supply. RBC GLOBAL ENERGY ETF $19.32 (CBOE symbol RENG; TSINetwork ETF Rating: Aggressive; Market cap: $1.0 million) invests globally in companies that produce and distribute oil and gas. The ETF is part of a mutual fund structure with an asset base of $222 million. The mutual fund launched in 2001 and has built up a sound long-term performance track record. U.S.-based companies make up 58% of the fund’s assets, while the balance is mainly domiciled in Europe (21%) and Canada (19%). Integrated oil and…