Tag Archives: Inter Pipeline Fund

IPL.UN has turned into a Corporation

9 Sep

On September 3, 2013, Inter Pipeline Fund has successfully converted from a unit trust to a corporation.  They changed their ticker symbol from IPL.UN to IPL.

Through this conversion, my average price is skewed as they “received” my 435 shares @ $24.458 as of September 3, 2013 in my Questrade RRSP account.  That is not my average cost, so I have to go back into my account history and dig up my original purchase price plus all the DRIP shares I’ve accumulated since February 2013 to calculate my average cost.  What a pain in the arse!

January 23, 2012:
429 @ $18.0033 = $7,723.45

DRIP shares from Feb-Aug/2013:
6 @ $23.6817 = $142.09

Total Average Cost:  435 @ $18.0817= $7,865.54

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Bought Chevron (CVX) today

25 Jun

June 25th, I bought Chevron on margin in my Virtual Brokers.

CVX:  25 shares @ $117.30

Markets have been depressed of late.  When I checked my stocks on Monday morning, my heart sank a bit.  Red was blinking all around.  Monday’s sell off was hard to swallow.  My paper gains dropped hard and fast. 

Inter Pipeline Unis dropped 36% first thing in the morning.  TSX halted trading activity immediately to combat this forceful sell off.  Fortunately, when trading resumed a couple hours later, IPL.UN recovered and is trading at its normal price. 

This must be a trading error made by the big boys.  Floods in Calgary may have impacted this little fiasco.  Goes to show you how ruthless the markets can be, if you snooze a bit.  Disclosure:  I will continue to hold IPL.UN as I see no reason for this plunge to happen again.

But it sure did give me a scare though!  Just before I woke up, I had a dream about a tanker truck exploding on the highway as I was on ramp to enter.  Could this be a foreshadowing dream for things yet to come?

Planning on a Sleepy Portfolio

4 Oct

What would happen if I just didn’t do any trades for the year 2013?  At the end of the year, I’d have to withdraw from my Scotia and Questrade brokerage accounts for my upcoming down payment.  Just by keeping my stocks, I’d have a monthly flow of dividends and distributions coming my way.  Not to mention the potential of price appreciation or depreciation within the year.  Most likely, I see the prices of my stocks going up with a big question mark for CLF though. Here’s a break down of my current holdings:

Ticker Dis/Div Comments
BPF.UN       235.20 This is my superstar!
IPL.UN       450.48 Very strong contender!
CHE.UN    2,172.00 Invested lots, hope it appreciates.
KEG.UN        96.00 Classy dining unit trust.
BMO    1,152.00 Lagging behind other Canadian Banks.
CLF       250.00 This is my loser stock!
REI.UN       552.00 Newly aquired, it better go up!
WYN        92.00 Aquired for price appreciation mostly.
Total  $4,999.68 If I kept all my stocks for the year!

Collecting from Stocks- June Recap

30 Jun

There wasn’t any trades in June except for one BUY transaction:  CHE.UN – 300 shares @ $14.60 in my Scotia Itrade Margin account.  Scotia Itrade recently updated its website look.  With this change, their commission based price jumped from $19.99 to $24.99 per trade for assets under $50,000.  I am not too happy, but I’ll still keep my account active with the stocks that I’m currently holding.  Maybe this is a good sign to encourage me not to trade as often.

For the month of June 2012, I’ve collected a total of $216.14 in distributions from my unit trusts:

BPF.UN: $19.60
CHE.UN: $151.00
IPL.UN: $37.54
KEG.UN:  $8.00

All of my unit trusts are making me money except for CHE.UN!  Yet, I have the biggest stake in this particular unit trust.  Yes, I made the mistake of buy it at the wrong time.  Now, I deal with the consequences of being impatient and wanting to get into the stock when my capital was available.  The one problem I have is never wanting any freed up money to be sitting in cash.  That’s my pet peeve.  So I always try to buy a stock or unit trust right away which can be disastrous.

Never buy at the top, I’ve been hit hard by Apple… but if you believe in the company, please HOLD instead of selling out like I did on Apple.  Usually, I am a true stickler, but I just snapped during that week when everything was crashing down day after day.  Frustration and fear took over me leading to my own demise now.  Stuck with losses up to my neck.  Climbing out of the red will  be hard, but if I just forget about it and let my distributions flow… I’ll be ahead by not selling anything at a loss.

Topping up my Portfolio

9 Jan

QT TFSA:  340 @ $18.90/share – IPL.UN on TSE
For 2012, I’ve added another $5000 to my TFSA account.  Selling IPL.UN for POT was my biggest mistake in this account.  I sold IPL.UN out for 900 @ $16.13/share and bought POT 300 @ $47.00/share end of September.  At first, it seemed like a great idea as POT gained a few bucks in a matter of a few days.  However, I got greedy as always and held on, now POT is at $42.58/share vs IPL.UN at $18.90/share.  I am still holding POT at a loss, waiting for it to climb back up into the low $50s before moving on.

QT MARGIN:  100 @ $66.20/share – CLF on NYSE and 20 @ $344.81/share ($4685.09 of $6896.20 on Margin)- MA on NYSE
I was inactive during December which was a mistake as it was full of opportunities for me to scoop up some depreciated shares.  Now, I am paying for the price.  It is time for me to get back into the game and start waging on some stocks.  It’s been a while since I bought back into CLF, even though it’s not at the most attractive buy in price.  I think it might be able to hit $70/share.  As for MA, this is the only upside since I made my purchase last Wednesday.  This might be the support now, might be a good time to average down and see what will transpire in the next few days.

As of today, I am fully invested in all of my brokerage accounts.  Current Value:  $90,047.52.  Stock Count: 13.  My sights of $100k is within reach this year only if I keep a steady course of raking in $500/mo which seems impossible as I have too many different stocks pulling at different ways.