Sold Some Inter Pipeline Shares

3ec13-inter2bpipeline2blogo

 

Hi everyone I just wanted to share with you a transaction I made on Monday August 12th. I decided to sell some of my shares in Inter Pipeline. I’ve held the stock for a few years now and like the company.

Why Did I Sell

At the time that I sold my shares I held the stock in two accounts my TFSA and RRSP. I only sold the shares in my RRSP account. Back in December of 2018 I bought 2018 shares and placed them in my RRSP account I did so because at the time I was taking the dividends I received in cash and the shares would help boost my income. A couple of weeks ago I decided to start the DRIP (Dividend Re-Investment Plan) for all of my stocks. By making this decision in my opinion in didn’t make sense to keep the stock in two accounts.

The Sell

Last week a takeover rumour and later confirmed by Inter Pipeline that they had received an offer to sell the company for $30 per share drove the shares up by about 13% taking my overall capital appreciation to about 25% so I thought it was a good time to sell my shares.

I sold 256 shares @ $24.82 per share. This decision has a major impact to my dividend income by selling these shares I will lose $438 in income annually.

With the proceeds I am going to invest in some US stocks that will better diversify my portfolio as I am weak in some sectors. So in the short run my dividend income becomes weaker but I think in the long run this will be a good decision on my part.

What do you guys think of my decision to sell Inter Pipeline shares?

Thanks

Matthew

Advertisements

10 thoughts on “Sold Some Inter Pipeline Shares

    1. Thanks Alan I hope to make the US buys later today or tomorrow. I will have to take a look at WMT I’m not sure what the price is for them. Thanks for reading the post.

      Like

  1. I personally am keeping all of my IPL shares until Heartland complex is up and running. That said, I cannot blame anyone for selling right now as it hasn’t been at these levels for quite some time.

    Liked by 1 person

  2. Hey why not. You saw a great opportunity to lock in gains, exit and rebalance. Nothing wrong with that! Deals don’t always work. If shareholders don’t approve then the stock will go back to 20-22 $. This happened to me before with other stocks. Looking forward to your new buys 🙂

    Liked by 1 person

  3. Some profit taking is always good. Too bad I sold mine before the big pop and takeover rumors. Oh well…

    Looking forward to your next purchases
    R2R

    Liked by 1 person

    1. Those things happen where you sell a stock then all of a sudden the stock shoots up. Unfortunately we can’t control that. I should have a new post up next week about my purchases.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s