This quarter I have been hit hard in some of my investments, mainly Ocean Yield (which I must admit, is not a value investment), BW Offshore, Walenius Wilhelmsen and BW Energy. I have used to opportunity to average down in some stocks. Like many others, I have made the mistake of not having enough cash… Continue reading Results after Q1 2020
”Buy when there is blood in the streets, even if the blood is your own – Baron Rothschild” While I am waiting for the panic to hit larger, presumably “safe” stocks like JNJ and P&G, I am averaging down on my existing ones. Yesterday I bought Royal Dutch Shell at $24,20. Last week I bought… Continue reading Recent purchases
Ocean Yield is a ship owning company, who leases out ships to counter parties believed to be solid. Most of the contracts are “hell or high water” with floating interest rates. The company with ticker “ocy” on the Oslo Stock Exchange pays a quarterly dividend of $0,15 As of this writing the current share price… Continue reading Risks and opportunities in Ocean Yield
I have been hit quite hard by the recent covid-19 tumble. The reason is my overweight in oil and shipping stocks. Wilh Wilhelmsen is at ATL, and ocy at 5 year low. BW offshore is halved in the last 6 months, and BW Energy has fallen from the ipo of 24,40 to around 17. However… Continue reading Keep calm, average down
BW Energy is finally listed on Oslo stock exchange. BW Energy is a spin off from BW Offshore. As stated in the IPO “BW Energy is a growth-focused oil and gas company involved in the acquisition, development and production of proven oil and natural gas fields, and currently holds majority interests in three hydrocarbon… Continue reading BW Energy listed.
Yesterday I bought a few shares in Kraft Heinz company. This is a situation where I believe Mr Market is too depressed. Although Kraft Heinz is facing more competition from more healthy alternatives and from the stores own brands. I believe it is still a good investment. As a result from the SEC investigation, they… Continue reading Kraft Heinz
So how did I do in ’19? The total portfolio value ended at 525 671 nok. Compared to 2018’s 397 428, it is an increase of 128 442, or 32,26 % However, this figure is somewhat misleading, since my largest holding (BWO) plummeted in Q4 18, and regained the loss in 19. Also, I… Continue reading Financial status of 2019