We have been long SDSD for about 6 months. We are 25% up. We have bought more recently. The story is good and it is getting better. See below their latest presentation :
http://www.newsweb.no/newsweb/search.do?messageId=445256&siteLanguage=en
We have been long SDSD for about 6 months. We are 25% up. We have bought more recently. The story is good and it is getting better. See below their latest presentation :
http://www.newsweb.no/newsweb/search.do?messageId=445256&siteLanguage=en
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Presentation on the opportunity is enclosed
For how long more?
I have invested into MDLNF a few months ago. The below article well summarizes why:
https://seekingalpha.com/article/4126330-madalena-energy-window-create-virtuous-cycle
The stock will come back. Opportunity to gain at least 20%
After a long time I saw an interesting idea on Seekingalpha that made me to increase my position in Senomyx by 50%
https://seekingalpha.com/article/4125405-senomyx-christmas-present-investors
What will drive the US currency? Three events will influence the USD faith:
The question is which one of the above will prevail. Naturally, it should be the one with the biggest numbers. This means significantly weaker USD due to rotation out of treasuries. I believe that it is already happening. The evidence is in the interest rates. As mentioned it is mainly two years interest rate differentials that drive the rates. The US, two-year rates, are highest levels for the last eight years. Despite that, the USD has been weakening. It might be an indication that the importance of this driving force is lower than the force of the above. Get ready for a rollercoaster ride.
What could save the USD? Only FED. Hawkish FED. Significant increase in USD interest rates would save the USD. I would not be my money on Hawkish FED.
OMV Petrom is more than 10% down in the last two weeks despite the oil price increasing over that period. The reason is the mishandled SPO by second largest shareholder Fondul Proprietatea. The sale of 2.5% at 0275 draw the price down.
This already happened once in October. At that time the announcement of the sale drove the price down and after the SPO the share price rebounded. See http://www.seekingalpha.com/article/4034808-omv-petrom-special-situation-oil-play-due-mishandled-spo-major-shareholder
The current SPO was three times oversubscribed with allocations at 36%. Rebound expected.
I have recently increased my position in Madalena Energy. Their latest presentation published today is worth the read:
Additional information, including analysts reports, can be found in the link below.
https://www.facebook.com/groups/1570162963237126/?ref=bookmarks
Fondul Proprietatea, one of the largest closed end funds in the world, is becoming interesting. In the last few days Romanian index and Fondul are down 5%.