Trade Alert: Buying BlueNord (BNOR.OL) at NOK 502
Locking in Yield at a Post-Earnings Discount
We’ve just added BlueNord (BNOR.OL) to the portfolio at NOK 502/share, taking advantage of a sharp post-earnings drop of more than 4%. While we’re aiming to gradually diversify the portfolio beyond energy, this setup was too attractive to ignore.
🛢️ Why now?
Q2 dip = opportunity: The sell-off followed trimmed production guidance and higher costs – but the core investment case remains intact. Tyra is ramping, hedges are active, and cash continues to flow.
Buybacks incoming: A USD 50m share buyback is set to begin next week, offering a timely technical tailwind.
Standout yield: With 30–45% dividend yield forecast for 2025–26, and >70% of the market cap set to be returned by end-2026, BlueNord is still one of the most shareholder-friendly names on the Oslo Børs.
We’re staying focused on building a more diversified portfolio – but in this case, we’re choosing to be opportunistic and lean into a high-conviction income name trading at a short-term low.
📝 More to come: I’ll publish a full earnings call summary with additional details later this evening.
💬 Join the Discussion
Want to share your thoughts on the BNOR buy – or see how others are reacting to the trade?
Come join the conversation on our Discord server – a growing space for fellow dividend hunters and small-cap sleuths. We’re now more than 170 members strong, and it’s the best place to stay plugged in between Substack posts.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Always conduct your own research or consult a financial advisor before making investment decisions. The author may hold positions in the mentioned securities.