Valeura Energy Inc T.VLE

Difficult decision

[Bigpond]

Having difficulty decide if I should and when to toss this stock. 

This stock is taking the heat more than others in the segment. 

GLTA

[windymayor1]

Wait till after June 24. Canadian capital gains tax increases by 16% to 66% on June 25. There may be selling by trusts, corps, HNW who want to lock in profits before the change. Case in point the crosses in the mkt the past few days are institutional.   

[RockLobster1]

Good point, easier to sell some fat profit stocks than illiquid real estate etc... The inclusion rate goes from 50% to 66% as you say... so that;s 32% higher taxable income...  

[waitingstill]

My accountant tells me you would save about 8% (or actually even less because they came out with some wonky rules) if you sell now vs June 25th. Actually today should have been the last day to sell as it is the closing day of the trade and not the trade date. I am betting on that as I bought more today figuring we should bounce over $5 early next week. Fundamentals have not changed. Why lose

[windymayor1]

8% on a $2mm CG is still $160K. so worth the execution for some. Was also triple witching Friday so take that into consideration as well. Should be a better week and summer going forward.  VLE still has several catalysts to announce so stay tuned. I was a buyer today. 

[Suppe11]

VLE is down, because they only produced 20800 bpd in May....

[AucontraireII]

Curious Suppe...how do you know that?  Link?

[Suppe11]

April was 21450 bpd. Take it or leave it...

[AucontraireII]

...and June will be 61,793.5 bpd....back at you

[Suppe11]

So you left it, I guess...no problem.