CPI FIM (BDL:ORCL) has drawn attention after recent share price moves, with the stock flat over the past day but down over the past month and over the past 3 months. See our latest analysis for CPI FIM. Looking beyond the latest move, CPI FIM’s 30 day share price return is down 11.11% and the 90 day share price return is down 24%, while the 3 year total shareholder return is up 98.95%. This sugges...
CPI FIM (BDL:ORCL) has drawn attention after recent share price moves, with the stock flat over the past day but down over the past month and over the past 3 months. See our latest analysis for CPI FIM. Looking beyond the latest move, CPI FIM’s 30 day share price return is down 11.11% and the 90 day share price return is down 24%, while the 3 year total shareholder return is up 98.95%. This suggests longer term holders have seen a very different experience from recent momentum. If CPI FIM’s...
Revolutionary War Cannons Hidden For 240 Years Go On Display A remarkable collection of Revolutionary War artifacts that lay hidden beneath the Savannah River for nearly 240 years is now on public display in Georgia's oldest city as the nation marks America's 250th anniversary, according to Fox News . The Savannah History Museum officially unveiled 19 cannons recovered from the river as part of it...
Revolutionary War Cannons Hidden For 240 Years Go On Display A remarkable collection of Revolutionary War artifacts that lay hidden beneath the Savannah River for nearly 240 years is now on public display in Georgia's oldest city as the nation marks America's 250th anniversary, according to Fox News . The Savannah History Museum officially unveiled 19 cannons recovered from the river as part of its new Loyalists & Liberty: Savannah in the American Revolution exhibit. Historians say the discovery represents the largest cache of 18th-century artillery ever recovered from a single Revolutionary War naval event. Fox News wrote that the cannons were discovered unexpectedly in 2021 after crews with the U.S. Army Corps of Engineers uncovered them while dredging the Savannah River to deepen the shipping channel for larger cargo vessels. "When they were recovered, the cannons were heavily encrusted with oyster shells and marine growth after centuries underwater," said Nora Fleming Lee, CEO of the Coastal Heritage Society. In addition to the artillery pieces, crews also found smaller artifacts, and several of the cannons still contained cannonballs and their original gunpowder charges. Following their recovery, most of the cannons were transported to a preservation laboratory at Texas A&M University, where conservators spent several years removing salt from the iron through a specialized electrolysis process before stabilizing and protecting the metal for long-term display. Seventeen of the cannons underwent full restoration, while two were intentionally left in their original condition so visitors can compare how they looked when first pulled from the river. All 19 are now permanently exhibited at the museum. Researchers believe the weapons came from British ships that were deliberately scuttled in 1779 to create a blockade across the narrowest section of the Savannah River. The barrier was intended to prevent French naval forces from sailing upriver and helping American tro...
quantic69/iStock via Getty Images XEG:CA Overview The iShares S&P/TSX Capped Energy Index ETF ( XEG:CA ) is a passively managed ETF with a NAV of ~$2.3Bn CAD that invests in stocks that provide exposure to a portfolio of Canadian energy stocks. BlackRock , and most of the other big Canadian banks/fund managers, have multiple ETF offerings that end up providing various investment portfolios that tr...
quantic69/iStock via Getty Images XEG:CA Overview The iShares S&P/TSX Capped Energy Index ETF ( XEG:CA ) is a passively managed ETF with a NAV of ~$2.3Bn CAD that invests in stocks that provide exposure to a portfolio of Canadian energy stocks. BlackRock , and most of the other big Canadian banks/fund managers, have multiple ETF offerings that end up providing various investment portfolios that track very similar metrics. While XEG:CA is somewhat liquid and has an easily verifiable portfolio and mandate, this article seeks to compare this offering with not only other options, but also to review whether investors can simply buy the top few energy companies in Canada without paying 0.6% in fees. XEG:CA's benchmark target is the S&P/TSX Capped Energy Index, and after further review, I believe that XEG:CA, as a concept, is a bit lazy by the fund manager. Global energy has fallen, and I would only look at ETFs with good mandates and low fees to play the bounce back. It's simply an ETF with a few energy stocks charging 0.6% in fees. This is my biggest beef with the fund: the "capped" methodology doesn't actually cap much in practice, since the top five top holdings already clear the 25% single-issuer / 55% aggregate concentration limits under the S&P/TSX Capped framework without requiring active management. So basically, investors are paying an active-sounding fee for a passive structure in nature that behaves like an uncapped, cap-weighted basket of the same five stocks. If investors want to get exposure to higher dividend-paying Canadian energy stocks, they can easily recreate the portfolio XEG:CA has, since the portfolio is mostly weighted in about five easily identifiable large-cap and liquid names on the TSX. I wrote about this fund recently and gave it a Hold - I had a feeling short term supply would become a glut, but now the oil market has slid - I would look at turning long again but not through this fund. Fund Breakdown and 2026 H2 Outlook XEG:CA was launched on...