Shares & Derivatives
My Oil Stock Adventures
By (The) Boring Investor  •  December 28, 2014
I never realised I had so many oil-related stocks, until nearly every one of them started to tank. That is the problem with a bottom-up approach to stock investing; you might not realise how concentrated you are to a particular industry. The list of my oil-related stocks (prior to the mini-crash in Oct) is: MTQ, ChinaAvOil, PEC, Rotary and CH Offshore. During the mini-crash in Oct, I had picked up CSE Global and averaged down on MTQ, not realising that oil prices were falling steadily. It was only in late Nov when OPEC decided not to cut production did I realised that oil prices were falling so rapidly. As you would have guessed, both CSE Global and MTQ dropped below my buying price. The only consolation I had from these oil-related stocks was Falcon Energy's conditional cash offer for CH Offshore at $0.495, thus giving me a put option ......
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By (The) Boring Investor
nvestor, Engineer, Photographer, Blogger, Friend and Son.
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