I realized two new transactions in my portfolio today. It has been a long time since I traded.
I took profits by selling my position in Gear Energy. The stock currently looks weak in the short term.
The WTI/WCS differential has been collapsing for the last couple of days… Yet again. This explains most of the weakness seen in Canadian energy stocks. I will nonetheless buy Gear again soon.
I bought a small position in Peyto and kept the rest of the proceeds in cash.
Disclosure: I am long PEY. Not for republication on Seeking Alpha.