Recent Buy – FNV

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A quick update about a purchase in my portfolio last week. As I’ve outlined in the monthly Outlook posts, there are a few opportunities that are still undervalued. While it may come as no surprise, regular readers will observe that I am still very bullish and overweight in commodities and precious metals. While this is a sector that I have been thinking of trimming possibly since it has grown to an outsized position, I cant help but add some shares in high quality companies when I get the opportunity.

Last week, after a slight miss in earnings, I managed to pick up a 50 shares in Franco Nevada Corp (FNV.TO) at C$87.00. The company pays an annual dividend of US$0.92, which adds US$46  to my annual income stream (a div increase is expected next quarter).

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Recent Buy – IPL

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A quick update on a purchase in my portfolio earlier this week. As expected, the stock market’s decline had a wide implication on already depressed stock prices where I see good value. I decided to take the opportunity to add more shares to an already decent sized position.

Earlier this week, I decided to add 100 shares in Inter Pipeline Ltd (TSE:IPL) @ CAD$22.70. This purchase price locks in a 7.4% yield adding C$168.00 to my annual passive income stream.

I just listed all my Recent Buy Decision during my last purchase a couple of weeks ago, so I will link to that post instead of rehashing the details.

What do you think of this purchase? Share your thoughts below.

Full Disclosure: Long TSE:IPL. Our full list of holdings is available here

 

Recent Buy – IPL

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A quick update on another purchase to wrap up January 2018. This time, its a purchase adding to my dividend growth portfolio after a long time. Its been hard to find value in this market, except in the basic materials sector. However, as I mentioned in the Outlook for 2018 post, I am looking to pull some money off the table as I have overextended in this sector of the economy — with my investment portfolio sitting close to 50% in that one sector. I am still bullish on the sector, but looking to deploy funds elsewhere in the economy, and I have been looking at related commodity plays.

For this purchase, I have looked at the energy sector and decided that I could use with some more exposure and increase my annual dividends from an existing company in my portfolio. Continue reading

Recent Buy – CRZ

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My first purchase of 2018. It didn’t take me too long for the first purchase, even though I was hoping to wait until things cool down a bit. However, when dealing with a high momentum sector, its better to “go with the flow” instead of sitting on the sidelines and regret missed opportunities.

I decided to put more money into the marijuana sector (again) with a new position in my portfolio. I bought 300 shares in CannaRoyalty Corp (CRZ.C) @ CAD$4.60.

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3 Recent Buys – NVO, CBW, CHV

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Here’s a quick update on three more purchases in my portfolio in the past few days. This time, I have two new purchases and one addition.

  • First purchase: Who likes to catch falling knives? Apparently I do…Over the last couple of weeks, I have initiated and added to new position in Novo Resources Corp (NVO.V). Its seen some downward pressure and I am already in deep red with this position. Still, I believe that there is potential for some great returns here. For those unfamiliar, Novo Resources is a gold exploration company that is focused in the Pilbara region of Western Australia. There has been a new gold rush in the region, with junior companies staking claims on land packages — and Novo holds a nice big chunk, most of it on its own while some is in joint venture with Artemis Resources. Novo has got a lot of hype lately and has seen the stock price shoot up after some good initial results, but some sample results lately have put a damper and the stock has been punished. I have clearly got in too early, but am willing to hold through the next set of results that come in January. This is the good thing about resource sector — as long as the gold is present in the ground, you can just sit back and wait for the market to turn. I bought in three tranches and currently hold 1,000 shares at an average cost basis of CAD$7.25. See corp presentation for more details about the company.
  • For the second purchase, I added to an existing position in Cannabis Wheaton Income Corp (CBW.V), with 3,000 shares @ CAD$0.85. This is my second purchase of the company and I wrote more details about this company in my first post (click here for details).
  • The last purchase for this iteration is a another weedstock. I initiated a position in Canada House Wellness (CHV.C), a small cap vertically integrated licensed producer. Instead of rehashing, I will simply link to this great post from Deep Dive, which details the company. I initiated with 3,000 shares @ CAD$0.315.

What do you think of these purchases? Share your thoughts below.