I increased my positions in coal, shipping and oil.
I bought more exposure to oil. I increased my position in AkerBP. The share is down significantly in last few weeks. Scandinavian investors sold their AkerBP shares to maker a room in their portfolio for Var Energy IPO, that started trading last week. This morning AkerBP was trading 275 NOK, which is a price it traded in September 21, at much lower oil prices. It should re-rate from the Var rebalancing sell off,
I bought coal companies JSW and Thungela (TGA), a spin off from Anglo. Both are cheap. If there is a lower supplies by Russian gas, these companies should benefit as coal would return as a fuel for electricity.
I also bought Sibanye SBSW – a South African Palladium producer. The idea behind is simple. Russia produces 41% of world Palladium. I assume EU will implement sanctions against Russia. I hope the sanctions will be finally tough. Russia will implement response sanctions against EU. Russian Palladium export ban could be a possible sanction candidate. IN that case Palladium would skyrocket. So would this stock.
Disclosure:
The goal of the blog is to provide investment ideas for further research. I/we have a beneficial position in the shares discussed above either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. The article does not represent investment advice. Please do your own research before making any investment action.
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