(Obi.en): According to chinese horoscopes is 2019 grisens years. Stig Myrseth in Dovre Forvaltning recalls that it is supposed to be a good year to invest and earn money. With the key in your hand, the same cannot be said about 2018, the year, where medianaksjen on the Oslo stock Exchange has fallen 14 per cent in the last 12 months.
Aside from fish, there has been little to cheer for on the Oslo stock Exchange.Small, which indicates a decline in 2019
I suspect that the extreme kursutslagene we have been witness to the last weeks, as well as largely due to problems with the new markedsinfrastrukturen as the real economy. Although konjunkturbildet has weathered somewhat, there is little to suggest a downturn in 2019 or for that matter later, writing Myrseth in a report.
Investeringsdirektøren recalls that inflationary pressures remain moderate, while the financial imbalances are limited. Without a lånefest it should well be made to care able a financial crisis. After the winter børskollaps have the pricing and expectations have been revised down sharply in the financial markets. According to Myrseth provides increased room for positive surprises and gains in 2019.
He is particularly positive for emerging markets, where both P/E and price/book is near the decade low. Furthermore, the discount in relation to the western stock exchanges has never been greater.Bet on the price of oil
On the Oslo stock Exchange begins Myrseth year to take a bold bet on the price of oil. TGS, Northern Drilling, and Magseis Fairfield is released all into the Dovre portfolio.
According investeringsdirektøren are three conditions that point towards the oljeprisoppgang:
1. First, the OPEC+ cut. According to the IMF need Saudi Arabia an oil price of 82,90 to balance the budget in 2019. The Russian state budget goes albeit around with a price on the 40's, but the same can't be said about the sanksjonsrammede the economy. It needs all the boost it can get.
2. For the second turn IMO 2020-the rules soon. Because of these, the market for crude oil with high sulfur will be greatly reduced by 2020. It will force the terms to twist the purchases made from oil of higher quality as Brent.
3. Thirdly, today's oil prices below marginal production costs. Skiferoljeprodusentene go now with thumping losses. It will sooner or later frame growth.
Dovre portfolio consists of the following shares:TGSNorthern DrillingMagseis FairfieldSASB2HoldingKomplett Bank
Optimistic analysts: We emphasize that the risk is high!
Warns against seven shares on the Oslo stock Exchange