Three countries are part of the North American Free Trade Agreement, commonly referred to as NAFTA. These countries are Mexico, Canada, and the United States. There is ongoing discussions between the 3 countries on issues regarding NAFTA and the possibility of NAFTA being tweaked or ended altogether.
The government of Canada in May announced $4.5 million deal acquire the assets of Kinder Morgan Canada. That deal is expected to be done by August. The leader of the Green Party in Canada, Elizabeth May, believes the Trans Mountain pipeline expansion will not be built. Various topics and issues are currently before the courts, which started before Canada acquired the assets of Kinder Morgan pipeline. If the pipeline expansion is not allowed to go through, Canada is left with the current Kinder Morgan pipeline that is in use. The current Kinder Morgan pipeline in Canada was built in 1953.
The price of a barrel of crude oil for West Texas Immediate is trading at $74.25 US. OPEC is likely to increase production which will drive the price down, but have not taken action as of this date.
Portfolio Activity
During the month of June, there was 3 options trades started. Earlier in the month I made 2 options trades and one towards the end of the month.
On June 5, I wrote a covered call involving 2 contracts of Roger's Communications Class B Non-voting stock (RCI.B.TO). The strike price is $65.00 and the expiration date is July 20, 2018. I collected a premium of $20.05 after commissions.
On June 8, I wrote a covered call involving 1 contract of Restaurant Brands International (QSR.TO). The strike price is $82.00 and the expiration date is July 20, 2018. I collected a premium of $34.05 after commissions.
On June 28, I sold 2 put option contracts in WestJet Airlines (WJA.TO). The strike price is $17.00 and the expiration date is July 20, 2018. I collected a premium of $68.05 after commissions.
Shares Purchased Via DRIP
There was no purchases via DRIP since my last portfolio update.
Dividend Increases
There was no dividend increases for the stocks in my portfolio.
Summary:
As of June 30 2018, the value of the portfolio is $114475.14. This is a 2.75% increase over last month's total. The spreadsheet investment tab above has been updated.
Disclosure: Long WJA.TO, RCI.B.TO, QSR.TO
Please Note: All stocks are from the Toronto Stock Exchange except TTR which trades on the Venture Exchange.
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.
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