Some. I sold 1/3rd what I got during liberation day for a 30% profit. Still hold 2/3rd of those plus a large core holding. And put into a discounted RIO.
The reason being is it’s a hedge if full war didn’t break out and merely just the one strike. Looks to have escalated further than I expected now. But I could not predict that on Friday.
Next 1/3rd I’ll sell in the $30s if it gets there. But I do agree WDS should go well into $30s if a full war breaks out or Kharg island blown up etc. We do not know, hence calculated risks I take. A prolonged war with high oil and gas prices will likely see an opportunistic labor slap some sort of new tax on them too. Lest we forget coal.
Should also add this could end quickly. Knock out all air defence then an internal coup to see the end of the horrid Iranian dictatorship of religious fanatics. A great outcome for Iran and the world, plus likely see oil retrace entirely. We simply don’t know. So I hedge my bets taking profit along the way and redeploy capital to what’s sold off on the war.
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