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
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
My position in ocy was a little to heavy innrelation to the rest of my positions. I therefore sold 200 shares, and the proceeds will be reinvested in something else. This will unfortunately reduce my quarterly dividends, due to the high dividends received from this stock. I sold at 72 nok a share.
Ocean Yield is my largest investment in public traded companies. On the 31 August they did a private placement of 862 MNOK. A total of 13,462,857 shares have been added.The new investors got their shares at 64 nok a share. This will lead to more shareholders to share the dividends, so all things equal, this… Continue reading Private placement in Ocean Yield