Something macro to add to the pot. The list of companies getting the axe from Norway's fund.
Quite a few 'big' Australian oil names on the list. Not sure how much the fund holds with each company.
I think this fund is a forward thinker are getting out a point before the big flow happens. I am not so interested in where it is coming from, more where it is heading. This is just headlights flashing before the camera. Choose what you will.
https://www.regjeringen.no/en/whatsnew/Ministries/fin/press-releases/2019/excludes-exploration-and-production-companies-from-the-government-pension-fund-global/companies-in-the-gpfgs-equity-portfolio-as-of-31-december-2018-which-by-the-index/id2631831/
BPT - large retrace coming ?, page-52
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