Introduction  It has been a great year. We close 2021 achieving a positive return in each of the four quarters. Specifically, in this last quarter, the managed portfolio moved up 17.6%. Our best performers in this 4Q21 have been Power REIT, Kistos, Greenalia and Greenvolt.  We started the year with 9 positions in the managed portfolio, and we are finishing…

Penn Virginia is an oil producer in the Eagle Ford. It is backed by Juniper Capital a PE group that specialised in Energy, and recently, it has been very active in the M&A segment. Penn Virginia has a good management team that follows a prudent hedging strategy. It has allowed them to be cash flow positive for 8 quarters in…

Introduction This second quarter of 2021 has been a good one for MORAM. The managed portfolio went up 30.5% in these three months (including derivatives). Mainly due to our high exposition to the energy sector and small caps paying off. Brent price went up from $62.5 to $76, as well as natural gas and impacting positively to a significant part…

IWB acquires Enoitalia to become the national leader in the production and distribution of wines

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…

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…