I decided to trim half of my $TGS.OL (TGS-NOPEC) position after the stock was up almost 40% in less than three months. This move came much faster than I expected. TGS is a great company with a solid business model, and it was initially a position I wanted to build gradually over time.
After the sharp rally, the valuation starts to reflect a lot of optimism, while the fundamental outlook remained stable (even less attractive due to the volatility in $EUROOIL) Given that, I felt the fundamental outlook had changed. I’m still happy to hold the remaining position and would even be interested in adding again under better valuation.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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