Portfolio Update – Up 3.07% in November 2014

My portfolio balances at close of trading on 28th November were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 110.38

0.10%

3.9%

BBD.B $ 4.36

17.52%

3.9%

BCE.TO $ 53.34

6.57%

3.7%

BMO.TO $ 83.86

2.61%

4.1%

CM.TO $ 106.49

3.50%

3.7%

CSU.TO $ 331.56

4.43%

3.4%

CVE.TO $ 25.67 n/a

3.1%

ENB.TO $ 52.50

-1.56%

3.5%

FTS $ 40.61

10.59%

4.4%

HSE $ 24.18

-11.14%

2.4%

L.TO $ 61.51

4.75%

0.0%

MFC.TO $ 22.77

6.45%

4.1%

NA $ 53.13

0.85%

4.1%

POT.TO $ 39.31

2.18%

3.4%

POW $ 32.43

9.05%

3.8%

RCI.B $ 45.77

8.00%

3.5%

RY.TO $ 83.16

3.94%

4.1%

SJR.B $ 30.87

6.67%

4.0%

SLF.TO $ 42.43

5.84%

4.1%

SU.TO $ 36.11

-9.77%

3.0%

T.TO $ 43.28

7.16%

3.8%

TCK.B $ 17.64

-0.95%

2.5%

SCTY $ 62.86 n/a

2.2%

TRP.TO $ 54.45

-1.98%

3.8%

XBB $ 31.38

1.23%

7.7%

XSP $ 24.01 n/a

7.4%

Cash

2.5%

Total

100.0%

Overall my portfolio is up 12.49% since last month. Excluding cash contributions the portfolio is up 3.07%. For comparison my TI Index is up 2.24%, the DOW is up 2.52% and the TSX is up 0.90%. My investments are up and performed well against all indexes.

Winners this month include Bombardier (BBD-B.TO) up 17.52%, BCE (BCE.TO) up 6.57%, Constellation Software (CSU.TO) up 4.43%, Fortis (FTS.TO) up 10.59%, Manulife (MFC.TO) up 6.45%, Power Corp (POW.TO) up 9.05%, Rogers (RCI-B.TO) up 8.00%, Shaw (SJR-B.TO) up 6.67%, and Telus (T.TO) up 7.16%.

Losers include Husky (HSE.TO) down 11.14%, and Suncor (SU.TO) down 9.77%. Screen Shot 2014-11-30 at 3.48.08 PM

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Portfolio Update – Down 1.58% in September 2014

My portfolio balances at close of trading on 3oth September were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 99.56

-3.17%

4.0%

BBD.B $ 3.77

3.01%

3.9%

BCE.TO $ 47.89

-2.17%

3.8%

BMO.TO $ 82.43

-1.47%

4.6%

BNS.TO $ 69.27

-3.85%

0.0%

CM.TO $ 100.59

-3.20%

4.0%

CSU.TO $ 281.49

4.46%

4.1%

ENB.TO $ 53.61

-1.14%

4.0%

FTS $ 34.62

3.28%

4.3%

HSE $ 30.74

-7.13%

3.4%

L.TO $ 56.05

3.41%

4.9%

MFC.TO $ 21.54

-1.87%

4.4%

NA $ 51.03

-2.45%

4.5%

POT.TO $ 38.78

1.54%

3.8%

POW $ 31.08

-3.00%

4.2%

RCI.B $ 41.92

-5.42%

3.7%

RY.TO $ 80.05

-0.89%

4.4%

SJR.B $ 27.45

0.22%

4.0%

SLF.TO $ 40.60

0.42%

4.5%

SU.TO $ 40.53

-9.19%

3.9%

T.TO $ 38.24

-3.56%

3.8%

TCK.B $ 21.21

-14.09%

3.5%

TD.TO $ 55.27

-3.46%

0.0%

TRP.TO $ 57.68

-1.28%

4.6%

XBB $ 30.88

-0.99%

8.6%

Cash

1.3%

Total

100.0%

Overall my portfolio is down 1.58% since last month. There were no cash contributions. For comparison my TI Index is down 2.56%, the DOW is down 0.32% and the TSX is down 4.26%.

My investments are down but performed well against most indexes, especially the TSX.

Winners this month include Bombardier (BBD.TO) up 3.01%, Constellation Software (CSU.TO) up 4.46%, and Fortis (FTS.TO) up 3.28%, and Lowblaws (L.TO) up 3.41%.

Losers this month include Teck Resources (TCK.TO) down 14.09%, Husky (HSE.TO) down 7.13%, Rogers (RCI-B.TO) down 5.42% and Suncor (SU.TO) down 9.19%.

The pattern here seems to be a general decline in resources stocks.

Screen Shot 2014-10-17 at 4.45.37 PM

Portfolio Update – Up 1.72% in June 2014

My portfolio balances at close of trading on 30th June were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $97.75

0.40%

4.0%

BBD.B $3.77

2.17%

4.0%

BCE.TO $48.40

-2.89%

3.9%

BMO.TO $78.58

3.02%

4.5%

BNS.TO $71.14

2.17%

0.0%

CM.TO $97.10

1.51%

4.0%

CSU.TO $271.96

11.00%

4.1%

ENB.TO $50.63

-1.75%

3.9%

FTS $32.47

-0.22%

4.1%

HSE $34.46

-5.77%

3.9%

L.TO $47.62

4.20%

4.3%

MFC.TO $21.21

6.85%

4.4%

NA $45.26

-0.53%

4.1%

POT.TO $40.58

3.13%

4.1%

POW $29.65

1.61%

4.1%

RCI.B $42.94

-2.01%

3.9%

RY.TO $76.28

2.20%

4.4%

SJR.B $27.36

1.37%

4.1%

SLF.TO $39.22

6.87%

4.5%

SU.TO $45.50

9.03%

4.5%

T.TO $39.77

-2.88%

4.1%

TCK.B $24.36

0.79%

4.1%

TD.TO $54.93

2.18%

0.0%

TRP.TO $50.93

0.89%

4.2%

XBB $30.89

1.05%

8.8%

Cash    

0.3%

Total    

100.0%

Overall my portfolio is up 1.72% since last month. There were no cash contributions.  For comparison my TI Index is up 2.02%, the DOW is up 0.65% and the TSX is down 3.71%.

My investments are up and performed well against the DOW, but poorly against the TSX and the TI Index.

Winners this month include Bank of Montreal (BMO.TO) up 3.02%, Constellation Software (CSU.TO) up 11.00%, Loblaws (L.TO) up 4.20%, Manulife (MFC.TO) up 6.85%, Potash Corp (POT.TO) up 3.13%, Sunlife (SLF.TO) up 6.87%, and Suncor (SU.TO) up 9.03%.

Losers this month include Husky (HSE.TO) down 5.77%.

Screen Shot 2014-06-30 at 3.00.57 PM

What we have here is a failure to communicate

I wrote recently about my failure to stick to my own Investment Process by failing to take profits on Canadian Oil Sands (COS.TO) when the price rose.  Well, I had an opportunity to redress this failure when the price rose again yesterday. I had most recently bought COS at $18.25.  I was able to sell yesterday at $20.27 (an 11% increase).

  • SELL COS @ $20.27

There was another problem though.  I instructed my Financial Adviser to sell around 30% of my holdings (my strategy is to trade around a core position, the core being the 70% that I did not plan to sell).  My Financial Adviser sold the entire position (oops!).  I take some responsibility for the communication breakdown because I did not emphasize the fact that I wanted to sell only a portion of my holdings.  However, I did communicate the number of shares to be sold in an e-mail and again in a follow-up conversation.  Mistakes happen, but not the same mistake twice.  We will not repeat this.

So, should I undo the error right away and jump back into COS?  Maybe not.  Before I assume that I need to rebuild my core position I need to do a little fundamental analysis to ensure this is the best energy stock for me.  Perhaps this error provides an opportunity.  Plus, I was always a little leery of the former income trusts, like COS and Enerplus (ERF.TO).  Maybe I should look at Husky (HSE.TO) or Suncor (SU.TO).

UPDATE

Over the weekend I took a look at all the major Canadian oil companies and Canadian Oil Sands is still the best value in terms of IRR and dividend yield.  I felt that the stock was likely to take a dip after last week’s run up so I asked my Financial Adviser to place a buy order at $19.70.  The price did indeed fall on Monday and I was able to buy back my core position for $0.57 less than I sold it for.  A profit (or, more accurately, an avoided loss) of almost 3%!

  • BUY COS.TO @ $19.70

For added luck, the stock rose again after my trade was executed, closing at $20.57, for a further profit of over 4%.  If we had never sold the core position we would have made only 1.5% today.