RE:RE:RE:RE:RE:RE:RE:RE:KEY has hit the analyst target pricehey sarge, i'm already way overweight on banks which i've held for years and they have low book value so if i bought a bank today and sold it tomorrow at the same price i'd have a big capital gain. hence, mfc.
SargeX wrote: Cool. Thanks for letting us know.
I have looked at the insurers off and on for many years and keep deciding that I'd rather just have the big banks.
Take her easy and good luck with it
Sarge
leo101 wrote: hey sarge, sold half and put the proceeds into mfc.
SargeX wrote: Hey Leo
Those capital gains tax issues are always tough. Good luck with it. KEY has certainly had a good run but I don;t think it's over and we have no plans to sell any of our shares.
Very interesting on the potential zwu buy. I hadn't looked at it and ZUT for a while as they used to have some holdings like Just Energy that I didn't want to go anywhere near. I still don't like the idea of a utilities ETF as I'd rather pick my own individual utils but both lists seem cleaned up a little. We hold 4 of the top 10 in ZUT and 6 of the top 9 in ZWU.
Keep us posted on what you decide and good luck wih it.
Sarge
leo101 wrote: hey sarge, i'm seriously thinking about selling this but i hate to share profits with my silent partner, justin. that pr*ck takes a good chunk of my profits and now the pr*ck has his hand out again for the june 15 blood money. i might just swap this for zwu.
SargeX wrote: Hey B2T
Great to hear from you and thanks on the nice comments and great to hear posting my stock list was of use.
All is going wonderfully these days. We've been hitting all time highs on our portfolio total throughout the year including a new one on Friday. I'm actually quite surprised the market keeps going up but I guess the re-opening really has people feeling optimistic.
On the midstream front, we just sold the last of our IPL last week at $20.25 and did reasonably well on it. It was an 11 year hold so quite the long period. We added to all our other 4 (ENB, KEY, PPL, and TRP) early in the year and then again in early May. I like having all 4 as it spreads the risk around. All of them have done relly well this year with total YTD returns from 20% for ENB to 49% for KEY.
I would think PPL would hit $42 by year end but not sure on $45. It's already had a good run and the whole IPL deal is a big unknown. I'm now hoping that BIP wins the take-over balttle and PPL just takes the $350M breakup fee and runs. I'd also be fine if PPL wins the take-over with the 0.5 share ratio offer but hope they don't get into a bidding war. The news today makes it sound like they are going to hold firm but who really knows.
Take her easy
Sarge
born2trade wrote: Sarge - hope all is well with you.
KEY is blowing its peers big time . I bought PPL and KEY just before US election in late Oct/Nov last year and return on KEY is almost double of what is on PPL . luckily , I have much higher weightage on KEY than PPL . KEY has more growth opportunities and probably this is why fund mangers are picking this one over other mid-streamers. do you see PPL hitting $45 by end of this year or is it a big stretch?
you sharing the portfolio of your stocks me and others was a great help last year. big thanks to you pal .
SargeX wrote: Hey Hawk
How she go?
KEY has been quite the pleasant surprise this year. At the start of the year, my rating (in order) of our midstreamers was TRP, ENB, PPL, KEY, and then IPL. I basiclly had high hopes for all of them other than being some question around IPL. We swapped out a lot of our pure renewables at the end of last year/early this year and put a big chunk of it into midstreamers and banks.
I certainly couldn't have imagined how well that would work out. I was just looking at total return from our Morningstar watchlist and KEY has a YTD% of 49.03%. Absolute beauty.
Take her easy
Sarge