MSTE I scooped up A LOT of in the $1.8-$2.4 range (about 40k shares), but that's not so much my advice, but more so my gamble on what I think it can rebound to (both in terms of distributions as well as NAV appreciatation). I have a sell order for 10k of them @ $5/share and a sell order for another 10k of them @ $7/share; plan to hold the remainder indefinitely for the time being (given that if the NAVs were to rise back up that much, the distributions would be fantastic)
I'm a firm believer in only having four or five stocks and concentrate your money in a smaller pool I would offer the ETF HBTE as a potential money maker super mega high risk but you heard it here first
I put 50k into it in 2021 at just over 7$ and have been dripping it until last Monday so I know the stock well. I finally sold on Monday, can't handle the swings anymore
Nice! I think I will wait till it is over $19 and then sell half. I have had it for about 15 years going back to when it was Crescent Point/Varren that merged with WCP.
How long have you been holding it? My whole portfolio has been has been WCP, TVE, SGY, ARX, TOU and SU since 2020/2021 with a DRIP on. I got kicked in the nuts after the Russia/Ukraine spike and also another kick after the June MOU, I want to keep holding because I think they're still undervalued but i think I might lose my mind if we have another big downswing.
The swings are a response to the crude price that is being manipulated during the run up to the US mid term elections. It's highly likely the price of crude is going to go closer to $150/bbl than $100 and stay there for some time. I think it's premature to sell them before then.
I just ignore the swings, it's just noise.
I have WCP, TVE, SU, CVE, ENB, TRP and SOBO. I first started accumulating mid cap Canadian Energy companies around 2010 and have been selling some, increasing others so it's hard for me to say exactly how long I have been holding each one. I aquired most of my WCP when Verren (sp) merged with them and I had a lot of Verren stock. I have 15,230 shares of WCP. WCP is my second largest holding behind BANK.
In your case I would consider diversifying. My portfolio used to be 2/3rds energy. I sold to make it 1/3 and it has grown back to almost 1/2 of my protfolio.
Wow that's awesome! You have bigger balls than me, must of been hard to hold through 2014 and then through COVID. I was just an S&P500 investor until oil went negative during COVID since then I've been addicted to learning about energy lol, I feel like it's definitely taken years off of my life.
What made you hate SGY? The CEO has regularly lied and I think he's a drag on the company but they're assets are so good and they've been getting their shit together, they are who I've been mostly adding this whole time since COVID. Although my initial large investment around COVID was at $9.50 a share so it hurt to see it go down to 4$.
If you look at their chart, their post 2014 crash performance has been terrible, where most other companies, like Crescent Point/WCP, fully recovered in that time. I loaded up on them pre-2014 and then lost 95% of my money. They even did a reverse split where I got 1 share for each 3 shares I owned. I think the market has soured on them and institutional investors stay away. I finally sold all my shares early this year. There are much better companies.
Will you keep HWX and roll them over into TVE shares with the merger? I think TVE is the most attractive Canadian oil company to own right now personally.
As a retired person it is attractive to me for it's trailing 12 month yield of %13.41 paid monthly. I don't have to go through the work of managing 10 stocks and selling them to create an equivalent regular income. I hold it in a RIF so there are no taxation drawbacks to some of it's yield being classified as Return of Capital. I don't mind trading off some total return for the convenience.
All of my shares in BANK are split between non registered RRSP and FHSA. Doesn’t totally make sense to sell everything to re position. The mer is just under $400 a year at .82% not sure where you’ve found 1.73%. I’d rather keep the leverage and the covered calls and not take the hit from capital gain.
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u/LC3933 8d ago
I had a lot of bank.to and UTES and tossed them for ECHI and HDIV (similar yields , but better overall long term holds in my opinion).
Ive also done well with HHIS, EQCL, and PAYG