Today I sold 500 ENT shares for a net deposit of $728.80 in my taxable account. That is an average of about 1.46 after commissions. My basis was somewhere above 8 per share excluding dividends.
I am starting to capitulate in my taxable account because of the continuing market downturn and the resulting margin calls. I satisfied another margin call today for $6100. I am just getting tired of it.
I still hold 1200 ENT in various IRA accounts. The stock is not currently option-able and suspended paying dividends some time ago. I had been holding onto ENT with the belief that this oil and gas trust would resume paying dividends and possibly become option-able once again. I would probably have continued to hold ENT if I did not want to raise cash in my taxable account. Now that I have sold these shares though I am considering selling out all of my shares in the IRA accounts also.