The month of July 2016 is now behind us. What continues to be the big headline month after month? The price of a barrel of WTI Crude Oil fell below $40.00. In Canada and the United States we have stock markets that are at an all time high. A province in Canada, Alberta, is feeling the full effects of the low oil prices. We have companies that service the oil patch, who have laid off a large amount of their work force and reduced hours of most of their employees.
On July 27, the initiated a new position in HNY, which is the Horizons Natural Gas Yield ETF. This purchased was done over two separate purchases on the same day. I purchased 94 units for a total of $1490.07. My brokerage offers free commission ETFs, but their were ECN fees of $0.329. The distribution of this ETF is paid monthly and varies month to month. July 27 was the ex-dividend date, so I am not eligible for the distribution payment that is paid this month.
Shares Acquired Through DRIPS
0.347633 Shares of BNS.TO @ $65.96 per share.
As of 4 Aug 2016, the value of the portfolio is $92717.06 This is a 5.74% increase over last month's total. The spreadsheet in the
investment tab above has been updated.
Disclosure: Long all mentioned securities.
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