Well written article as always Tuan and it's neat to see how you've built your portfolio in non-correlated industries (tech, real estate, energy, etc.) and in small cap. If the stock market bubble bursts, it seems like PAR will get hit less in a big tech drawdown as it is more under the radar.
It'll be interesting to see how the offshore sector in particular performs in 2025 and that is a good point you made on the announced spending plans for 2026, so possible tailwinds coming. Thoughts on a potential Transocean and Seadrill merger being heavy dilutive to RIG shareholders?
Also congratulations on starting business school !!
Thanks Peter! Appreciate your kind words and I'm glad you enjoyed! My sense on RIG-SDRL merger is sure it'll be somewhat dilutive but it's offset by rapid deleveraging and a greater ability to control pricing across a larger fleet in an already tight supply market. My guess for why we haven't heard the official announcement yet is due to the decline in RIG's price. But yeah all things considered, as a shareholder, I'd like it if we could transact at a higher share price than current levels.
Great recap and well written summaries of all your top holdings. Congrats on your performance and wish you well in your B school adventures. Chuc mung nam moi~
Well written article as always Tuan and it's neat to see how you've built your portfolio in non-correlated industries (tech, real estate, energy, etc.) and in small cap. If the stock market bubble bursts, it seems like PAR will get hit less in a big tech drawdown as it is more under the radar.
It'll be interesting to see how the offshore sector in particular performs in 2025 and that is a good point you made on the announced spending plans for 2026, so possible tailwinds coming. Thoughts on a potential Transocean and Seadrill merger being heavy dilutive to RIG shareholders?
Also congratulations on starting business school !!
Thanks Peter! Appreciate your kind words and I'm glad you enjoyed! My sense on RIG-SDRL merger is sure it'll be somewhat dilutive but it's offset by rapid deleveraging and a greater ability to control pricing across a larger fleet in an already tight supply market. My guess for why we haven't heard the official announcement yet is due to the decline in RIG's price. But yeah all things considered, as a shareholder, I'd like it if we could transact at a higher share price than current levels.
Great recap and well written summaries of all your top holdings. Congrats on your performance and wish you well in your B school adventures. Chuc mung nam moi~
Thanks man! Chuc mung nam moi :)
Well done my friend
Thanks brother!
How much is Transocean still off your total portfolio?
Just under 5% of total portfolio.