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

11 thoughts on “Sold Some Inter Pipeline Shares

  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

    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