May 22, 2022

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One sector exited the market: - Note that everyone has the same three stocks

One sector exited the market: – Note that everyone has the same three stocks

Participants this year in the stock game fantasy box It got off to a rough start. Since the game started on May 2, the main index on the Oslo Stock Exchange has fallen by 2%. The majority of players have a negative payout so far, which means that the battle for the main prize of 100,000 kroner is still very open. It is still possible to score, and if you start now you will have a better starting point than those in the red.

On the other hand, among those who initially did well was law student Ava Moghaddam (20 years old), who has the fund «Simslabim» It ranked 70th out of about 13,900 participants so far. You have now taken action to move further up the list of results.

– I’m trying something new after looking at the top menu. I’ve noticed that everyone has the same three stocks: Solstad Offshore, Dof and PGS. Moghadam believed that if I wanted to win, I had to distinguish myself from others.

Because that’s the ambition – to win. In this case, she would be the first woman to win a Fantasy Fund to date. Three seasons of the stock game resulted in three men’s wins, and of the 30 weekly winners, 29 were men. This is despite the fact that about 30 percent of the players were women.

It’s time for a woman to win. I’m there to win! Presenter hits.

– Adrenaline kick!

Therefore, it has now expelled Solstad Offshore from the portfolio. Partly to stand out from the others in the top list, and partly because of simple technical analysis. In recent months, the quota has moved between 13-14 NOK and up to 20 NOK at most.

– I have been following the stock for a while, and every time the price rises to 20 kroner, it drops again, explains Moghadam, who replaced the stock for about 19 kroner earlier this week.

However, it turned out to be in the first team, with Solstad’s stock ending the week at NOK 37.65 after an adventurous rally.

At the same time, I gained some weight in the Dof, while retaining the PGS.

Moghaddam, who studies at the University of Stavanger, like many others, became interested in investing in the stock market at the beginning of the Corona pandemic two years ago.

– I think it’s very interesting, because it is related to politics and how the world is changing. One has to see the bigger picture to understand the stock market. It’s incredibly exciting, and it could be an easier way to make money with a regular job, she says, adding:

Plus, it can be an adrenaline kick!

Got a taste of individual stocks

as well as Tora Greg Tegland (22), who is studying economics in her second year in Edinburgh, Fighting all the way to the top From Fantasyfond thanks mainly to overseas stocks.

This is in contrast to the fact that she mainly invested her own money in index funds.

Tora Grieg Teigland explains it in Fantasyfond.

Tora Grieg Teigland explains it in Fantasyfond. (photo: private)

– I have a lot of respect for the market, but in the game I chose a more risky strategy because it only lasts six weeks. I have great confidence in oil and gas due to short term supply and demand. She says these stocks are rising a little more quickly than expected, but I’m looking at the evolution from day to day.

Although she is in the middle of the exam period, the student spends some time every morning reading stock news.

Previously, I would have seen most of the market as a whole, but now I have a taste for following individual stocks to understand why the different highs and lows are due to things like reports, resignations and analyst data, says Grieg Teigland.

high gear

The big question, of course, is how long the recovery in offshore stocks, which has recently brought niche investors like Selina Middelfart, Peter Stordalen and Oestin Stray Spatalin, to the property side, can last.

Just look at the back from Monday, May 2nd:

  • Solstad Offshore: 154 percent
  • Department of Finance: 117 percent
  • Marine Sim: 66 percent
  • PGS: 43 percent

Analyst Bård Rosef at brokerage Pareto states that all four companies have high operational and financial leverage, which makes stocks particularly vulnerable.

Solstad, for example, has net debt nearly nine times the stock market value. So a 10 percent increase in values ​​corresponds to a 100 percent increase in the stock price. He also says the risks to the downside are naturally high.

Analyst Bård Rosef mentions higher risks in companies with high leverage.

Analyst Bård Rosef mentions higher risks in companies with high leverage. (Photo: Barrettsk)

Rosef thinks the oil services market is clearly improving. He notes that investment budgets on the demand side are rising sharply this year, and timely bidding activity is the best in a long time.

On the supply side, the value chain has been sharply curtailed after many years of minimal investment and big capacity cuts, especially after the pandemic in 2020, according to the analyst.

In short, this means that we are now seeing features of a market with potential capacity shortfalls in many parts of the supplier industry without significant new investment. It’s giving more oil service companies pricing power over their customers for the first time since 2014, and we believe profit margins will improve dramatically in many sectors, Rozef says.(Conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using a link that leads directly to our pages. All or part of the Content may not be copied or otherwise used with written permission or as permitted by law. For additional terms look here.