The second month of 2015 is now behind us. During the month of February, the price of a barrel of crude oil (WTI) stayed low and is currently at $49.76 on the NYMEX. This drop in price has a big effect on my portfolio due to the weight on the energy sector in my portfolio. A stock that I hold, Enerplus, has good earnings in their latest report. With the current environment of low oil prices, Enerplus has cut their dividend from $0.09 per month to $0.05 per month starting in April 2015.
Shares added due to drip
3 shares of ERF @ $14.08 for a total of $42.24
1 share of KMP @ $11.20 for a total of $11.20
In my last portfolio update, I wrote that my Bank of Nova Scotia shares have not shown how much new shares were aquired through the full DRIP at the time of the writing. I acquired 0.314967 new shares @ $62.48 for a total of $19.68.
I wrote a covered call on my TD position, for a net premium of $99.05. This money is kept in my investing accounts to use towards acquiring stock purchases. Writing a covered call, allows me to collect some extra money besides the dividend. If the stock price stays below my strike price of $56.00 at the March 20, 2015 expiration date, my shares will not be called away.
On Feb 22, 2015 I wrote about my sale of Sherritt International inside my TFSA. My ROI on this trade was 15.62%. In this same post, I discussed my closing out of Bombardier Inc. Class B shares inside my TFSA. My ROI on this trade was 8.333%. You can read about these two trades here.
On Feb 26, 2015, I sold my 600 shares of Sherritt International in my margin account. My ROI on this trade was 7.47% . I held these shares in my margin account for over a month, prior to my limit order being filled. As of the time of this writing, I do not own any shares of Sherritt International in either my margin or TFSA accounts.
of Mar 1, 2015, the value of my portfolio stands at $78105.25. This is
an increase of 3.303% over last month. My positions TD and RY have increase a lot over the past month which included the news on their dividend raises they just recently announced. I
believe these are solid companies to have in my portfolio going forward
and will look to average down on these positions in due course. I
also contributed some cash to my portfolio.
I will update my investing account tab above. The dividend rates have been updated on the spread sheet . Please note some of the dividend rates might not take effect on the next dividend payment but will within 3 months of their recent announcements.
Disclosure: Long KMP, ERF, BNS, RY, TD