Recent Buy – Inter Pipeline Ltd

Inter Pipeline Ltd

As the market continues its relentless climb, I have been weary and finding it harder to find some good investment opportunities. The purchases have all but dried up in my portfolio. However, I was finally able to pull the trigger last week when I saw a pretty good opportunity in the energy sector. Midstream/pipelines were one of the best performers in 2016 and the stock picking competition resulted in Top 3 to be pipelines. However, they seemed to have pulled back a bit this year, and I decided to add to my existing position.

I added 100 shares in Inter Pipeline Ltd (IPL.TO) @ C$26.00. The company pays C$1.62 in dividends annually and currently yields 6.15%.

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Recent Buy – Toronto-Dominion Bank

TD Bank

Stop the presses! I made a purchase of a large cap dividend growth stock šŸ™‚

jk…As most readers may be aware, I have been deploying a lot of my capital into precious metal equities (and the regular index fund purchases) lately. Heck, I’ve only had two or three transactions in the past six months where I have bought a dividend growth stock for my portfolio.Ā This is because I see more value andĀ opportunity in the precious metal sector and that has consumed my focus lately. However, about 1/3 of my portfolio is still invested in dividend growth stocks that brings in a sizable amount of passive income each month. This transaction is another move on that front as I saw a good opportunity to add to an existing holding.

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Recent Buy – B2Gold Corp

Another transaction in my portfolio last week. Gold prices have been taking a hit lately and I see a good buying opportunity, even though I am sitting at full positions in most of my gold equities. However, the valuation looked attractive enough for me to add more and possibly trade around my core position.

Last week I added to my B2Gold Corp (BTG)(BTO.TO) position.Ā In this particular case, I decided to buy the US-listed stock — ticker: BTG; but to keep things simple, I will treat it as the BTO.TO in my portfolio page, as it is the same company. I bought 500 shares of B2Gold (BTG) @ US$2.93.

B2Gold is one of the larger junior mining companies. The Fekola project is arguably one of best gold mines going into production this year — and is slotted to produce upto 50,000 oz of gold to begin with before ramping up next year. For the most part, I think investors are under appreciating the size of this project and the potential of B2Gold. The management is fantastic and has a proven track record of building and producing gold mines in the past. This is the same team the built and sold Bema Gold (that’s where the ‘2’ in B2Gold comes from) to Kinross Gold in 2007 for $3B.

This is my 4th purchase of B2Gold shares (see purchasesĀ #1, #2, and #3). I now hold a sizeable position in B2Gold, making it one of my largest holding in the portfolio. Once the share prices recover after this slump in metal prices, I might swing trade a bit or write covered calls to take some profits. But I will not be forcing any moves just for the sake of it. For the long haul, I am happy holding the shares as we are still early in the gold bull market.

Full Disclosure: Long BTO.TO, BTG. Our full list of holdings is available here.

2 Recent Buys – BBB, KL

BuySell

A quick update on a couple of purchases in my portfolio adding to my existing positions.

  • On Friday, I added 4,000 shares in Brixton Metals Corp (BBB.V) @ C$0.52. Couple of weeks ago, IĀ initiated a position in this microcap silver/gold/cobalt exploration company. Following my purchase, the stock prices shot up, but finally pulled back last week after it was disclosed that $4M was raised in a private placement. The PP deal consists of shares at $0.50 and flow thru shares at $0.55, in addition to warrants exercisable at $0.70 for 24 months. That sounds like a decent floor price for me and I decided to add on the pullback bringing my total position to 9,000 shares with an average price of $0.46.
  • Yesterday saw a huge reversal in the precious metal (and base metals as well) miners performance. It turned into a bloodbath at the end of the day and the GDXJ (junior gold/silver mining ETF) fell close to 10%. The space has been acting extremely that is confounding everyone as there is a disconnect from the metal prices — gold and silver prices have been climbing as the equities fall. This was too great an opportunity to pass up and I decided to add buy 230 shares in Kirkland Lake Gold (KL.TO) @ C$8.79. I put in a low-ball offer at $9 after seeing a 8-9% fall in shareprice, but managed to get executed even lower — I love flash crashes! šŸ™‚ For those unaware, this is a newly merged company between Kirkland Lake and Newmarket Gold forming a new mid-tier company with approx 500K oz in annual production. The jurisdictions are as secure as they can come – Canada and Australia, has a fantastic management in place and the board is chaired by none other than Eric Sprott. New discoveries and extensions of mineralization show nothing but great news for the company and this pullback was a great opportunity for me to add shares. After this purchase, Kirkland LakeĀ becomes one of the largest holdings in my portfolio.

Full Disclosure: Long BBB.V & KL.TO. Our full list of holdings is available here.

Recent Buy – Brixton Metals Corp

Another new position in my portfolio.Ā Regular readers are aware that I have been bullish on the precious metals space since mid-2016. The new bull market started last year after a painful 4-5 years and provided investors with lucrative returns over the year. 2017 doesn’t seem to be much different — and investors are seeing almost identical performance through the start of this year as they did in 2016.Ā My top investment pick for the year, a junior gold miner ETF (GDXJ) is up 30% YTD. You can see the live tracking of the top picks on this page.

Earlier this week I initiated a position with 5,000 shares in Brixton Metals Corp (BBB.V) @ C$0.42. Brixton Metals is aĀ gold/silver/cobalt exploration company that operates in Canada.

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