Portfolio Update : December 2017

  The month of December is now behind us. The markets keep marching to new highs. The S&P 500 finished 2017 up 19.42%.  The TSX Composite Index finished 2017 up 6.03%.  The TSX Composite Index consists of a lot of energy stocks which continue to struggle as the price of oil starts to climb towards $60 per barrel of WTI crude oil.  The drilling activity in Canada is slow still as companies in this space are struggling with falling qualified workers as previous workers are hesitant to return to the industry.

    I purchased 100 shares of Restaurant Brands International (QSR.TO) at $76.90 per share for a total cost $7994.95 including commissions.  Restaurant Brands International is the parent company of Burger King, Tim Horton's, and Popeye's Restaurants.  Currently, QSR.TO pays an annual dividend of $0.84 paid in US dollars.

   I sold 1 covered call contract in QSR.TO at $78 and a Jan 19 2018.  The net premium received was $59.05.

  My short put in Canadian National Railway (CNR.TO) expired on December 15 2017 as the stock traded well above $96 per share.

  Up until this week, the weather in Canada and the United States has been above average for this time of year.  The pipelines are full which has lead to over supply. This has caused the price of Natural Gas to decrease.  Although, Canada has been in a major cold snap during the past week but we are expected to have below normal temperatures for this winter.   Yesterday,  BNN talked about Natural Gas and the outlook for 2018.

   During the month I added to my TFSA position in HNY.TO.  This is Horizon's Natural Gas Yield ETF.  I now own 121 units of HNY.TO and the average cost basis is $12.10 per unit.  I will continue to hold this position for the time being.  The distribution varies month to month for this position.

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Shares Purchased Via DRIP

1 unit  of  CUF.UN.TO  @ $14.18 for a total cost of $14.18.
1 unit of  CUF.UN.TO @ $14.33 for a total cost of $14.33.

Cominar REIT (CUF.UN.TO) pays twice in December.  First payment is around the middle of the month (which is there usual payment) and the second being on the last business day of the money.  Due to them having 2 payments in December, there is no payment in middle of January.  The reason they pay out the last day of December for tax reporting purposes. Not all REITs do this double payment in December. 


As of  Dec 30 2017,  the value of the portfolio is $110781.18. This is a 0.749% decrease  over last month's total.  The spreadsheet in the investment tab above has been updated.

Disclosure:  Own 38 shares of CNR.TO in TFSA account

Disclosure: Long CUF.UN.TO, CNR.TO, QSR.TO, HNY.TO

Please Note:  All stocks are from the Toronto Stock Exchange except TTR which trades on the Venture Exchange.
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DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.