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Ninepoint’s new energy earnings fund reaches $56m on launch day

Canada’s energy sector benefits from free cash flow, low-cost structures and short debt periods, allowing them to reward investors.

Eric Nuttall, the fund’s senior portfolio manager and partner at Ninepoint Partners, said demand for Canadian oil will be short-lived as world events affect global markets.

“Canadian oil producers are well-capitalized to unlock the abundance of our energy resources and their investors will benefit from meaningful capital returns in the months and years to come,” he said. “We are bringing this generational income opportunity to retail investors through our new dividend paying Energy Fund.”

The Ninepoint Energy Income Fund is a supplement to the Ninepoint Energy Fund.

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Joe Schmidt, president and CEO of NEO Exchange, said the launch of the new fund beat the already high expectations.

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