The market has recovered somewhat, but I am still way down on my stocks. This is mainly because of my investment in Ocean Yield. However, I managed to average down on some stocks during the last months. I bought 689 shares in BW Offshore on 18.3.2020 at 14,85 nok a share. Today it sells for… Continue reading A short update
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 the 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
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
The last few weeks, I have bought shares in Royal Dutch Shell B, and in BW Energy. I have also sold all my shares in Treasure ASA. I still believe Treasure holds value, but I think I can get better results elsewhere. Regarding BW Energy, see my seperate post about this. Royal Dutch Shell is… Continue reading Changes in positions
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.
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