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Hey Guys,

I was looking for your thoughts on the iShares Energy Index Fund (XEG)...I know it's risen a lot lately, along with everything else, but I still think it's quite undervalued and will come back strong this summer when the price of oil usually seems to go up as well.

Should I look to purchase this around $15 or should I wait for a drop and hope to pick it up cheaper?

Opinions on the Long and Short term for this stock?

Thanks
 

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I personally think energy is a good long-term play and I agree things are still undervalued here. I am not a big fan of market timing so now is a good time if your plans are for the long-term. No doubt there will be short term volatility
 

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XEG is up almost 40% from its low a month and a half ago. There's likely still lots more volatility to come, so I'll be waiting for it to dip again before I buy.
 
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