Sold entire .5% SUN position at $43.96 – 17% loss on position.
Sold SUN – Sunoco
May 6th, 2008Sold VLO – Valero
May 6th, 2008Sold 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 more OPDCF – Opti Canada
May 6th, 2008Bought another .5% OPCDF – Optio Canada (oil sands) at $21.99 USD to bring position to 2%.
Sold CX – Cemex
May 6th, 2008Sold .75% Cemex position (entire position) at 29.21 for 10% gain
Bought more EWC – iShares MSCI Canada
May 6th, 2008Added another .75% EWC to bring position to 2% at $33.58 (up 1.63% on day)
Bought ABX – Barrick Mining
May 6th, 2008Bought a 1% position in Barrick Mining (gold) at 39.75
Bought NEM – Newmont Mining
May 6th, 2008Bought a 1% position in Newmoint Mining (gold) at 45.9164
Sold part of HTE Harvest Energy Trust position
May 2nd, 2008Sold 1% piece of HTE at $22.12 USD. Remaining position is about 2%. This company bought a refinery and hasn’t performed well ever since. Just wanted to reduce the risk by dropping the position size a bit.
Sold 1% of PWE – Penn West Energy Trust
May 2nd, 2008Sold 1% of PWE at $30.39 (up 2.25% today). Wanted to reduce position after reading a story on SeekingAlpha.com. Sold the position from one account at a 7.5% profit. The remaining 2% position is owned at higher cost. Reluctant to sell because of the high income 13% plus but didn’t want an over-weighted position.
Sold half of SDA – Sadia
May 2nd, 2008Sold 1% position of SDA – Sadia at about 30% gain – seemed to have moved pretty far pretty fast.