3. 1. 2020

KGI appreciated its investment in oil companies

Our investment bet on American oil companies has paid off. Over the final few months of last year  Krupa Global Investments purchased stock in  Occidental Petroleum and Marathon Oil Corporation. During the past week the value of these companies increased by more than 10%, meaning that our investment has successfully appreciated in value.

We are continuing to hold our portfolio positions as we still see great potential for further growth in the US oil sector, especially due to  expectations of further increases in oil prices. Oil price increases are closely related to the uncertainty caused by the current conflict in Iran, while OPEC is extending its agreement to keep oil production low. In general, we see great potential in the energy sector for 2020, where it could achieve higher returns than the S&P 500 stock index and beat the US market.