A.I.M. For Exchange Traded Funds

[OldAIMGuy]

Hi EZ², Re: Oil Sands potential............

I think the rose might have wilted a bit for now, but long term there's merit to tracking this portion of the energy spectrum. I would expect it to be rather sensitive to energy prices since it's fringe production and potential. Sort of like a "peak shaving" electric plant, it will only be brought on line when demand justifies the higher price of extraction.

I'd wait at least a couple of week after the initial public offering of the ETF. Maybe even a month. The market will be more efficient in valuing the ETF than will the investment bankers who bring it public.

In this case the rose bush is healthy and the recent pruning of energy prices should bring about newer healthy buds in the future.

Best regards, Tom