- Suncor Energy Inc. (SU)
- Canadian Natural Resources Limited (CNQ)
- iShares S&P/TSX Capped Energy Index ETF (XEG)
Q: Hi Team,
I have holdings of 800 SU and 1000 CNQ at a deep loss and would like to sell them to realize the capital losses and buy them back after 30 days. Using the sold proceeds to buy canadian energy ETF to stay in the sector. Upon 30 days later sell the ETF and buy back the SU and CNQ. Do you see this is workable and since the commision is only $7.00 per trade, so it is nothing to consider.
Your suggestion of the canadian energy ETF is appreciated !!
Thanks as always,
Tak
I have holdings of 800 SU and 1000 CNQ at a deep loss and would like to sell them to realize the capital losses and buy them back after 30 days. Using the sold proceeds to buy canadian energy ETF to stay in the sector. Upon 30 days later sell the ETF and buy back the SU and CNQ. Do you see this is workable and since the commision is only $7.00 per trade, so it is nothing to consider.
Your suggestion of the canadian energy ETF is appreciated !!
Thanks as always,
Tak