Initiated Positions in Diamond S Shipping and SandRidge Energy

By on April 22, 2020

Frick and FrackI decided to add to my holdings in the oil tanker area today with the purchase of Diamond S Shipping (DSSI) and the oil and natural gas production complex with the purchase of SandRidge Energy (SD).

Thanks go to Harris Kupperman for providing these ideas. Kuppy introduced me to the potential of these businesses at his Adventures in Capitalism site where he lays out convincing bullish arguments in entertaining missives. Everything he’s recommended in the past few months that I’ve purchased has allowed the SMA Portfolio recover quite a bit of what it lost during this pandemic.

SD represents 3% of the SMA Portfolio, while the allocation to DSSI is 2.4%.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of individual securities or low cost, broadly diversified index funds. Past performance has no relation to future performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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