The month of Nov 2014 is now behind us. During the month of November, the price of a barrel of crude oil continued to drop. This drop in price has a big effect on my portfolio due to the weight on the energy sector in my portfolio. On November 27, OPEC met in Vienna and decided not to cut production. The price of crude kept falling after this and his roughly $66.00 a barrel.
I completed a trade in Precision Drilling early this month, which you can read about here. Since I exited my trade, the stock price of Precision Drilling has fallen a lot due to the falling price for a barrel of crude oil.
Shares added due to drip
2 shares of ERF @ $17.11 for a total of $34.22
1 share of KMP @ $10.74
My cash position is large right now, and I am actively looking to employ some of that cash in investments in December.
of Nov 30, 2014, the value of my portfolio stands at $75950.89. This is
an increase of 4.291% over last month. Although my energy stocks
dropped, the other stocks I currently own have increase in value. I
also contributed some cash to my portfolio.
I have updated my investment account tab above.
Disclosure: Long KMP, ERF