The most noteworthy change since Q2 is the BWO share. Since my last update it has increased from 41,45 to 64,60. It seems I keep making the same mistakes. In July I bought 150 new shares at 41,50, instad of doubeling it. My reasoning for this was that I did not want this investment to… Continue reading Q3 2018
As I suspected Reliance shut down production on the oilfield. Ocean Yield states that the dividend remains flat next quarter. I suspect the Q4 dividend will have to be lower than Q3, due to the amount of cash the FPSO generated. We will just have to wait and see. More details will be annonced by… Continue reading Production shutdown of Ocean Yields FPSO
After 5 years I have sold all my ocy shares. The main reason for this is the expiration of the FPSO contract. Yes, Reliance has an option to buy it, but I believe the field is coming to a shutdown. The contract may be extended for a year, but in the end this cash flow… Continue reading Sold all shares in Ocean Yield
Yesterday I increased my holding in BW Offshore with 150 shares bought at 41,50 nok. Today I bought 33 shares in PPG-PREF at 101 nok. This are just minor changes. Europris dropped 10,28% on their Q2 numbers. At first this does not make any sense. The report showed good progress and an increase in earnings.… Continue reading Increase in PPG-PREF and BWO
First oil for this field is planned later this year. With an oilprice of $59/barrel Panoro Energy estimates an profit margin of $31-33 /barrel. With todays oilprice this increases a great deal, with more than $20 for each barrel. Some of this will probably be lost to taxes, but still, this will increase the profit… Continue reading BW Offshore – Dussafu
A little late with my summary of Q2, so the numers are from midday today. In Q2 a delayed tax of 17000 nok was payed, and a dividend from my privately held company added. Unfortunately BWO has declined from around 50 nok a share last month, to around 41-42 nok today. I believe this is… Continue reading Q2 2018
A week development in Q1 this year. A small increase in portfolio value of just around 6.000 nok. Luckily I got another dividend from my privately held stocks, and I trasfered around 36.000 nok in April to this portfolio. This does not show in this post, as this is just Q1 numbers. Here are my… Continue reading Q1 2018
