PundysPub.com

Sold 2% HTE position at $23.11 USD at 27% loss. Very weak results and with oil at $120, where is the improvement going to come from?

Bought another 1% position in EWS to bring total position to 2%. Price was $13.60 down 3.25%

Bought .4% more EWA to bring position to .8%. Price was $27.90 – down 3.25%.

Bought an additional 1% EWZ to bring position to 3%. Price was $91.47 down over 3%.

Bought .4% position in PAL to bring position to 2%. Price was $5.10 down 6.6%

Bought another 1% position in ABX at $39.10 to increase total to 2%. Profitability up, production up, hedging stopped and dividend raised.

Sold entire .5% SUN position at $43.96 – 17% loss on position.

Sold entire VLO position – 2.5% at $47.23 which represents a 20% loss. Just way to early on this as oil continued climbing putting more margin pressure on the refiners. Still Have TSO, SUN and HTE which are in that segment.

Bought another .5% OPCDF – Optio Canada (oil sands) at $21.99 USD to bring position to 2%.

Sold .75% Cemex position (entire position) at 29.21 for 10% gain