Cardinal Energy Ltd (Alberta) T.CJ

Dividend discussion

[scienceguy36]

While the larger the dividend the more interest from institutional investors and consequently a rise in the stock price. But, if your like me you will sell when the price is right for you and not wait for the dividend payout. At .07 cents a share i would receive just over $1,000 dollars a month which is peanuts to what you can make in oil stocks right now by  buying the dips and selling higher. If the price is right to buy back in before the dividend payout that is what i would do and then resell. You may have to wait a week or so after the dividend date for stock to recover but at these prices it will probably do so.
Just my 2 cents but it has worked for me.

[DowopDowop]

Not saying you are wrong to play it that way.  Perviously i was dropping in and out of this name sometimes a couple times a day in the TFSA while also trying to avoid trading to much and stay under CRA radar.   I want to play more golf this summer and not watch my screen so much.  Not to mention the capital gains payable on taxable shares. So for me ~5K/month divi Golf, beer

[MohelJFox]

I cant believe that TFSA myth still messes with peoples decisions. Its been brought up before and all we ever hear is my friends uncles mailmans daughter got caught Complete B.S.

[Allinontheturn1]

Hey Moheljfox  What do you mean TFSA Myth ? 

[MohelJFox]

I mean the myth that the CRA limits/penalizes/cares or taxes you if you trade, day-trade, or make substantial gains with a TFSA. The TFSA is one of the last loopholes that Uncle Justin hasnt been able to touch. (Yet) I personally can show multiple day trades (buying and selling the same company up to 4 times in one trading day) and gains that has made my family, well lets just say, life changing

[JayBanks]

  Under the TFSA rules there is an extreamly flimsy statement about: the account does not support short term investing transactions and that those that are deemed short term trades within the account risk running afoul of Revenue Canada and those transactions deemed to be short term trading will be taxed as buisness income by the CRA. Most institutions and websites that discuss the TFSA

[masfortuna]

Sure it has. So you bought when today? If you didn't buy at the close then you didn't buy at the low. And if you didn't buy yesterday, you would be paying more today. And if it's lower tomorrow...You get it don't you?