I recently wrote about buying an energy company inside my TFSA, which you can read about here. The company has fallen on hard times due to the low price of a barrel of crude oil for the past year. With the price of the stock low I decide to try to profit a small amount. Enerplus pays a monthly dividend, but I bought on the ex-dividend date. So I will not be receiving the dividend near the middle of January inside my TFSA.
On January 4th, I sold the stock for a small profit. The sell price was $5.02 per share, which was filled when the stock price reached my limit price.
Summary:
ACB = $760.71
Sell Price = $5.02 per share
# of shares= 160
Proceeds of sale including commissions = $798.04
Profit = $798.04-$760.71
= $37.33
Return = $37.33/$760.71
= 4.91%
Disclosure: Long ERF (in margin account)
Disclaimer:
Hey IP,
ReplyDeleteWell that was a quick sale! Congrats on your return, a very decent percentage there.
Best of luck,
DB
Not bad. There is absolutely nothing wrong with taking a neat profit when you can get it, especially when its tax free and involving an oil company these days. :)
ReplyDelete