Analytical insights into undervalued Norwegian small-cap stocks listed on the Oslo Stock Exchange.
| Platform |  | Pricing | Freemium | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 73 | Founded | a year ago | Last Issue | 5 days ago |
| Active | |||||
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norwaystocks.substack.comLatest Issues
Trade Alert: Exiting BlueNord at NOK 531
We have exited our full position in BlueNord (BNOR.OL) at NOK 531 per share.
BlueNord has been one of Gullinbursti’s strongest income cases. Since entering the position at NOK 502 in July 2025, the company has delivered five substantial di...
Gullinbursti Dividend Portfolio – June 2026 Update
June was another tough month for Gullinbursti. The portfolio fell -7.50%, while the OSEBX declined -4.67%, making it the weakest month since inception in late April 2025.
The backdrop was mixed rather than broadly negative. Still, the rele...
Trade Alert: Adding OKEA After the Pullback
Low valuation, 2027 cash-flow upside and a dividend catalyst coming into view
We are adding OKEA (OKEA.OL) to the Gullinbursti Dividend Portfolio at NOK 30.50.
Gullinbursti Dividend Portfolio – May 2026 Update
May was the first genuinely difficult month for Gullinbursti. The portfolio declined -5.94%, compared with -0.91% for the OSEBX, making it the weakest month since inception in late April 2025.
The drawdown came after a period of strong out...
Trade Alert: Entering SED Energy Holdings After the Overhang Clears
A high-yield offshore cash flow story where the seller overhang just turned from risk to catalyst
We are adding SED Energy Holdings (ENH.OL) to the Gullinbursti Dividend Portfolio at NOK 8.30.
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Authors
The writers behind this newsletter.
Investor with extensive experience in the Norwegian financial markets since 2002, specializing in small-cap stocks listed on the Oslo Stock Exchange. Professional background includes roles as a stockbroker and investor relations consultant.
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