volsupply

volsupply

41ws done on physical - firming papermarket is indicative of a bottom.

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Land based windmills have all but been banned in Norway, This company has based its existence on building land based. While they have started to think about idea of going offshore - they are miles behind the competition. As to their hydro production and wind combined they manage to lose money at the peak of electricity prices during the Norwegian/European...

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While the technicals on the chart indicate its early - I cannot but help like the balance sheet and fundamentals of Norwegian. Currently debt free, best in class fuel efficiency and flying as many passengers last month as its heavily indebted competitors in the Nordics (SAS). Simplywallstreet indicates 18NOK per share value - likely to low - however its a nice...

volsupply Updated 

2017 seem to be the year of commodities comeback with the economy growth and inflation showing signs of returning and Trump protectionism speech seem set to stop USD strength. History has a clear view on soft interventions like this and they usually point down for USD (1987 plaza accord comes to mind). Furthermore, EM would benefit greatly of a weaker USD and...

volsupply Updated 

Long term up trend CHFNOK is finished. Norway is accelerating thx to stimulus being put into the economy which has kick-started and enormous amount of infrastructure builds around the country. Oil industry is done with its "cleanup" on jobs with new job openings up 56% in the oil region in nov/des. Housing market fundamentals in Oslo is overheating with the...

volsupply Updated 

Market normally goes into backwardation in FFAs after new years and shipping volumes falls when refineries go into maintenance and cut their crude processing demand. This year, in particular, it should fall even more given the cuts being implemented as per media in the last couple of days. A hot tip to follow the fixtures done is to download VLCC Fixtures (iPhone)...

volsupply Updated 

Subsea 7 has a big short position by various high-end funds in the SSR registry with the financial authorities of Norway. Technicals look promising having finished a big w-formation while hitting the top in its current channel. Short term double top, with a break of trend seem to chart the course for 100NOK target where first solid resistance come into play. The...