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

Bullish Momentum To Sustain Golden Ocean

Investment Thesis

When I first initiated Golden Ocean (OTCPK: OTCPK:GDOCF), the focus was primarily on a quarterly revenue jump, first signs of recovery in the dry bulk market and the payments to Golden Ocean from cancelled new vessel contracts.

It is rather pleasing to see the stock trend higher by 36% over a period of eight months (since my first coverage). This thesis re-initiates Golden Ocean with a discussion on further triggers, which will take the stock higher in 2014 and 2015.

The focus of this thesis is on a more optimistic industry outlook coupled with the company's timely growth plans. These two factors combined are likely to produce strong results for Golden Ocean over the next 5-6 quarters....

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