Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Golden Ocean: Compelling Buy With Multiple Upside Triggers

The Research Note Agenda

Golden Ocean (OTCPK:GDOCF) is a Bermuda based dry bulk shipping company operating in the Capesize and Panamax dry bulk market segments. The stock, which currently trades at $1.32, has surged by 23% in the last one month. This research note discusses the reasons for the recent rally and the positive triggers for further upside in the stock.

Company Overview

Golden Ocean is a global dry bulk shipping company operating in the Capesize and Panamax dry bulk market segments. As of June 2013, the company had 7 Capesize vessels and 19 Panamax vessels in operation. The new fleet plan of the company consists of five Supramax vessels on firm order and an option to order...

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