Frontline Ltd bought/ Ostettu frontlinea

Ostin tänään Frontlinea, Bermudalaista öljytankkerifirmaa. Kuljetusyrityksiä ei ole vielä salkussa ja frontilnella on muhkea osinkohistoria. Tämän yhtiön luokittelen USA-laisiin yhtiöhin. Luonnolisesti merkintä menee myös osinkofimrmat palkkiin.

Ennustamani nousuralli tuli nopeammin kuin arvasinkaan. Eri asia onko suunta sama 2kk päästä.

English:
I bought Frontline Ltd today. http://www.frontline.bm/ I wanted some transportaion to my portfolio and a good dividend company and frontline seemed to be both of those. I will count this company to USA section despite its real origin. Naturally mark goes also to dividend companies.

Well the predicted rally came sooner than i imagined. Other thing is whether course is same after two months. Indicators of real economy still look bad.


EDIT: I also sold my IEZ oil services, because of lousy dividend performance and i will get enough exposure to oil with frontline.

Reasons for oil not to go low

There are many reasons why oli is so high currently but the main reason is that demand for oil is high. I also believe that high demand in asia will keep prices up in the future. But there is also an other reason for high oil price in the future. oil is now high and therefore many oil companies have been drilling in areas that have been previously unprofitable. So basically this new oil is more expensive to drill and that means companies have to sell it also for high price.

I still think many oil services companies are undervalued comapared to expented earnings growth for next 12 months.

Oil services and equipment picking some steam

Today was a sad day on most markets, but my portfolio rose 0.3% thanks to IEZ oil services ETF which rose 3,6%. I thought about moving my emerging markets ETF money to IEZ. But because i want reduce my trading, i wont sell and just take a bit longer sight on emerging makrkets. IEZ looks tempting but i will wait for my nex timed purchase in september and think if that still seems to be the right move(i must stick to my plan)

Emerging markets and brazil are the only ones loosing value but my other investments are holding well or gaining a bit value.

This might be good opportunitu to also buy some ETFs with inverse makert return but i have chosen not to use them in my strategy and rather time my purchases better.

Tomorrow i will move most of my fixed income savings to seligson AAA money market fund.

Oil services and equipment industry gains from high oil prices

Oil services and equipment industry will have positive gain if current oil prices remain or go higher. One of main reasons is that there is a lot more profitable places to drill oil now and it is ok to do bit more effort to get the black gold.

So i will invest next to oil services and equipment industry likely with IEZ that i mentioned earlier. Basically i believe days of cheap oil are over.
I would have already bought it today but i had to change some euros to dollars first and it takse about a day with nordnet.

I will post new portfolio percentages next time.

EDIT: Amanda capital might have go because i would like to free up more money to current rally and amanda is just siting duck.