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Ocean Yield: Upside After Multiple Insider Buys And News

Published Wed, 11 Sep 2019 14:12:28 -0400 on Seeking Alpha

In my last article on Ocean Yield (OTCQX:OYIEF) during late July, I specified just why Ocean Yield is a company I consider a good investment even if a potential dividend cut occurs (which, I want to reiterate, I'm taking into account). Even if one materializes, the company yield at the time of the publication of the article, Ocean Yield: ~10% Yield Even After A Potential Cut, will, as the title suggests, still be above or close to 10%. While I don't typically invest in companies with this type of yield, the company's characteristics along with its Norwegian backing through Aker BP (OTCPK: DETNF) makes it a company I enjoy owning despite the (for me) atypical yield and risk/reward ratio.
To put it cleanly, Ocean Yield is a company that's a far higher risk due to its business than the things I usually invest in, but it's an investment I nonetheless am comfortable with at this time.
Let's take a look at some recent news items which for me has warranted a small thesis update at this time.

Some news items confirm the potential upside for the company
Since I wrote my last article, the stock price for Ocean Yield has actually dropped a bit to multi-year lows, only to (at the time of writing of this article) bounce back up to above the then-relevant stock price.

(Source: Avanza)
Today alone, the Norwegian listing has appreciated by 3.4%. Personally, I'm hoping we see prices below 50 NOK/share again. This would present further buying opportunities and I,... Read more