This report confirmed what I have believed for some time – there is hidden value in this company. The CEO confirmed that they still haven’t found any water or wax in the oil, something they expected in January. This means the Tortue field is larger than expected, and more oil can be recovered. The listing… Continue reading BWO Q1 report
Last quarter the portfolio took a hit, when BWO dropped from the high 60’s down all the way down to 30. Now BWO have regained somewhat, and I have continued to invest in it on lower prices. I would like to invest more, but I have decided to maximum put 50k in a share. With… Continue reading Portfolio Q1 ’19
If you are afraid of a recession, but you don’t want to sell off all your holdings, these companies might be of interest. PPG-PREF A triple net preference share with long tenure. The properties are located in Scandinavia, mainly Norway and Finland. They are rented out to government backed services as kindergartens and hospitals. Each… Continue reading Stocks for a rainy day
BWO makes a new oil deal. This field in Brazil, with proven resources is in close proximity to existing fields where BWO has existing operations. The price? Around $1 a barrel. And there is a potential for increased reservoir estimates. The payment is split in three parts, where 50% is due at first oil. As… Continue reading BW Offshore buys more oil
Last year I sold all my shares in OCY, since I doubted they would manage to get the FPSO on contract. There were many reasons for this, but in general the FPSO market was slow, and the competition, in my opinion is better. BUT.. OCY majority shareholder is Aker. And Aker is a large shareholder… Continue reading Ocean Yield, again.
EPR continues to deliver increased earnings and increasing dividends. Last years dividend of 1,70 nok a share was increased with 0,15 to 1,85 a share. I do not believe that online shopping will kill this type of business. And the numbers support this view. A company with steady increasing earnings and dividends, in a business… Continue reading Q4 results from Europris
Yesterday I got a reminder of how political risk affects investments. Currently my main investment is BW Offshore. They own an oilfield offshore Gabon. There was an attempted coup, and the stock dropped almost 10% in a day. The coup failed, and things are back to normal. Due to Mr. Markets mood swings I got… Continue reading Political risk in investing