🇺🇸 Initial purchase #1 in November '22 🇺🇸

Hello friends 🙋‍♂️. I made several purchases during the first week of November and all of them were in the tanker sector. I will briefly introduce one company today.

➡️ 130 shares of DHT Holdings ($DHT (+0.47%)) were bought at 8.9962 USD 8.9962 per share.

➡️ This initial purchase is initially not long-term, but medium-term and I am trying to profit somewhat from the momentum and the overall economic situation. To reduce the risk, I have of course diversified a bit more broadly. So there are more purchases to come.

➡️ But now to DHT Holdings. DHT is a crude oil tanker company. Currently it owns 23 tankers (so-called VLCC = Very Large Crude Carrier), which are leased to oil refineries etc.. They are leased out either under time-charter contracts (which can be for several years) or at the current spot price. The latter is increasing significantly and there is still a lot of room for improvement.

➡️ DHT should benefit from a potential pandemic-related opening of China as well as the price cap on Russian oil.

➡️ In September, they also announced a new dividend policy where 100% of net income is distributed to shareholders.