Stock Trades: Sold Delphi Energy (TSE:DEE)

Today, I sold my 1000 shares of Delphi Energy at $2.45 from my HELOC account.

In at $2.41, out at $2.45, profit = +0.83% after commissions.

Stock Trade Commentary

Right before the market closed I decided to get rid of Delphi Energy. Given the weakness in natural gas prices I thought I would simply lighten up the portfolio since this one was also on margin. This was no profit taking, simply pulling out the money at no loss. That is not the first time and will certainly not be the last time for me holding DEE. If the price falls further, I might buy back in. Oil has been strong and I am keeping my eyes open for an oily play to exploit instead.

Have a good rest of your day!