Peak Oil Portfolio Update
Posted by Big Gav in peak oil portfolio
Its been a while since I last checked on the peak oil portfolio, so by popular demand here's a look at how this ancient paper portfolio has fared as oil prices have really taken off.
The usual disclaimers apply - don't invest based on the rantings of strangers (or opinionated fools using their real names) on the internet. I'm not a financial adviser. This isn't financial advice. Etc etc.
Plus if I (a) knew what I was doing, (b) had lots of capital to gamble, and (c) had larger balls, I'd be a billionaire like Phil Matthews now and I probably wouldn't be sitting here tapping away on the keyboard (though this isn't entirely certain).
Bearing in mind that over this period, the oil price has risen from around US$73 to US$144 (positive for this portfolio), while the A$ has risen from 88 cents to 96 cents (negative) and the ASX has fallen from 6340 to 4998 (negative), here's how things are looking:
| Company | Quantity | Price | Value |
| Oil Search (OSH) | 2520 | $6.03 | $15,195 |
| Woodside (WPL) | 280 | $63.10 | $17,668 |
| BHP (BHP) | 445 | $39.82 | $17,720 | Origin (ORG) | 1355 | $16.28 | $22,060 |
| Worley Parsons (WOR) | 965 | $33.10 | $31,940 |
| Centennial Coal (CEY) | 1980 | $4.99 | $9,880 |
| ROC Oil (ROC) | 3570 | $1.72 | $6,140 |
| GRD (GRD) | 1755 | $0.71 | $1,240 |
| TAP Oil (TAP) | 1690 | $1.63 | $2,760 |
| Paladin (PDN) | 2200 | $6.50 | $14,300 |
| Solco (SOO) | 16,665 | $0.05 | $820 |
| Aust Renewable Fuels (ARW) | 3185 | $0.04 | $120 |
| Karoon (KAR) | 2560 | $3.90 | $9,980 |
| Compass Resources (CMR) | 3155 | $1.98 | $6,250 |
| Downer EDI (DOW) | 820 | $6.09 | $4,990 |
| Wind Hydrogen (WHN) | 25,000 | $0.135 | $3,375 |
| Cash | 28,840 | $28,840 | |
| Total | $193,280 | ||
| since last | -2.3% | ||
| since start | +38.0% |
By way of comparison (since last update):
| WTI | $73 (approx) | $144 | 97.0% |
| WTI (adjusted to A$) | $83 (approx) | $150 | 80.0% |
| ASX 200 | 6340 | 4998 | -21.0% |
Alinta has been removed from the portfolio after being taken over last year - the amount realised ($13,840) has been put back in the cash kitty.
I should have done this calculation yesterday as it would have looked a lot better given the hammering the market (and large energy stocks) took today.
On the whole performance has been mediocre - this portfolio has made money, but you'd be far better off having taken a position in the oil futures market 3 years ago and sat on it...
Posts
