Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pezz who wrote (47580)	3/26/2004 11:46:10 AM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Tonight’s Report: I peeled off about 26% of my Vermilion Energy in exchange for CAD 17.97/unit, or a 38% capital gain. They were purchased at no more than CAD 12.99/unit, and had yielded 12.9% net distribution over the holding period. Total gain is thus 50.9% gain in CAD terms, plus a rise of CAD of say 20+% … Vermilion recently unloaded their Trinidad gas field on BG Group. I figure I should take some profit so that they can be deployed elsewhere (possibly into coal fields), and I can perhaps avoid some Canadian withholding tax by taking capital gains via selling of shares as opposed to waiting for extraordinary distributions (management may just use the sales proceeds to buy other stuff). Chugs, Jay References: Message 18915962 <<May 5th, 2003 … Bought Vermilin at average cost of CAD 12.62 uk.finance.yahoo.com >> Message 18923587 <<May 7th, 2003 … Vermilion uk.finance.yahoo.com executed at CAD 12.85>> Message 18959120 <<May 20th, 2003 … Another dollop of Vermilion at CAD 12.99 uk.finance.yahoo.com >>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next