Stock Trades: Sold Valeura Energy

Today, I sold 5,000 shares of Valeura Energy (TSXV:VLE) from my HELOC account.

In at $0.373, out at $0.38, profit = +1.1% after commissions.

Stock Trade Commentary

No profit taking here and nothing wrong with the company. I am simply extracting the troops at no loss to free margin. Valeura is the type you want to hold in a TFSA, somewhere where you can give management time to grow it without tying down margin while waiting. VLE hasn’t done much since I bought in but knowing my timing skills, watch it go past 40 next week because I just sold it. Anyhow, I would certainly buy it back in my TFSA if I get the opportunity in the near future. For now, hasta la vista VLE.

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