The portfolio during this first quarter has followed the same strategy we decided when the vaccine announcement, last 9th November 2020. Since then, the portfolio strategy has been focused on small caps and mainly value stocks. We are not a big fan of having only growth or value companies. We prefer to balance both weighting more the one we believe…
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New Fortress Energy 4Q20 results
New Fortress Energy – 4Q20 Results Conference Call These are the notes – and comments – from the New Fortress Conference Call regarding its 4Q20 results. Terminals NFE inked a contract to supply 250,000 gallons a day to CFE in Baja (Mexico). Both terminals in the construction phase (Mexico and Nicaragua) will be operative in May and June. It is…
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Golar LNG 4Q20 results
The last 3 months have been quite busy for Golar LNG. They did an AK (12MM shares to raise $100MM), executed a new $100 million credit facility and sold and LNG carrier (Golar Viking) which released $51.7MM. Golar used that money to repay the $150 MM bilateral facility and the $30 MM margin loan. Apart from that, Golar sold Hygo…
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Is inflation coming? – You better have a plan
The debate about potential inflation around the corner has been around for a while. Either inflation or deflation theories have their renowned supporters. Let’s have a look at the current situation to understand repercussion about how Central Banks are acting. It may help to realize the dimensions of the problem and how it affects the retail investors. The increase in…
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New Fortress acquisitions ( Hygo and Golar LNG Partners)
New Fortress acquired last 13th January Hygo (including Suape Terminal) and Golar LNG Partners in a $5bn transaction. This deal allows NFE to enter in the Brazil market and to own its fleet of FRSU. New Fortress will pay Hygo with $580MM cash and $1.6bn in shares – 31.4MM shares. By contrast, NFE will pay for Partners all in cash (refinancing…
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Consequences of the Blue Wave in the markets
In 2020, the big winners of the stock market were the tech companies along with the renewable sector. Large caps performed much better than small caps and America did much better than Europe. The first big event for the markets this year has been the Senate election in Georgia. It had vital importance as this state decided the majority in…
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Offshore Wind Industry – Investing in the future
Background – What is the offshore wind industry about? The offshore wind industry refers to the production of electricity through the installations of wind farms in the sea. There are two types of wind parks, floating and fixed. The main advantage of offshore wind farms over the onshore ones is that the number of working hours is higher for the…
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No Guts No Glory – Portfolio Allocation
The relationship between risk and return is maybe one of the basic principles of investing. However, we have been taught since our childhood to have a risk aversion bias. This article is not about how good is to take risks. But how important is to understand when you are in the best position to take them. No Guts no Glory…
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Golar LNG – FLNG (Golar Hilli and Golar Gimi)
What is FLNG? – Floating liquefied natural gas First of all, FLNG states for Floating liquefied natural gas. Natural gas is extracted from the wellborn and transferred to the floating vessel. Then, the natural gas is treated, liquefied (-160 degrees Celsius) and storage in the FLNG vessel until it is offloaded by another LNG vessel. Golar LNG has one operating…
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New Fortress Energy 3Q20 Results
As my Portfolio Manager says, New Fortress is the perfect example of a company which is always putting shareholders expectation out of turn, and it never fulfils those expectations on time. However, after some quarters of undelivered promises (since its IPO in 2019), now investors can feel that something has changed. Its shares are up almost 500% since the March…
