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%.