Last October I first wrote about the publicly traded Norwegian fisheries. I was immediately intrigued but needed to learn more about them.After that first post they kept going down a little longer but you can see from the chart that YTD they have been en fuego.
Jumping headlong into something you don't know much about is not a good idea but occasionally you will find a group of stocks at a time that is right for the stocks but wrong for you and this is what can happen.
Longer term I think this group can be a way in to Norway in the context of it being a 6% country. I have owned Statoil for Norwegian equity exposure for years now and plan to hold it forever (unless they do something really stupid) but the fisheries could be another way in as could Yara or maybe something else.
2 comments:
Impressive! I wish these were easier to buy (or like you first said, an ETF!)
Here are a couple of Pacific fishery stocks for you:
HQS (China)
CSS.AU / CTUNF
I've tried investing in Norway via STO, YARIY, and another oil-services company; but all three stocks are in thrall to their respective commodities, so there doesn't seem to be any benefit to being in a particular country. How come we have an ETF for Sweden, and even Belgium, but not Norway?
oh, i'm sure they had something in mind with Belgium, I just don't know what it was.
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