General thread on tankers and their stocks as they are a hot topic and perhaps the only industry aside from drug companies that may/will benefit from the current “crisis”. Discuss, analyze, predict things about, shit on them. Earnings report, Q1, for DHT tomorrow (5/5) after hours; will give us an idea about the state of the tanker industry (which is needed after the confusion that normie speed buy and dump caused).
>Earnings reports calendar DHT on 5/5, after hours EURN on 5/7 (time not specified) FRO on 5/14, pre-market NAT on 5/18 (time not specified) TNK on 5/21, pre-market TNP on 6/4, pre-market
Oil prices will go negative again. Those Saudi oil fleet of tankers are still not turning back. They left during March and they can't turn back since they are under contract. If oil does go negative again then we can expect that tankers will moon to high heaven.
Lucas Barnes
We'll see about that tomorrow, fag.
Josiah Butler
I was expecting some other type of ts, if you know what I mean
Tanker and oil stocks are green at the same time. This is only good for us tankerbros. In fact, oil companies are losing money while tankers are gaining. The volume for oil is unsustainable so its bound to crash again
Justin Green
why everyone sleeping on my boys OSG?
they've actually been outperforming all the other large tanker stocks for me
Samuel Allen
DHT break even is $7800/day, FRO break even is $8000/day, not sure about the others. May even be lower now since the tankers can just sit idle most of the time.
Well if this isnt a sell signal i dont know what is
Charles Mitchell
Well. I am living up to my shilling. I sold all my oil today now that they are high except for HAL and MRO and KOS. Bought more tankers while sitting on margin for them already. 300 shares of DHT, 300 shares of FRO, 300 shares of NAT, 11k at play total for me, 3k of it into margin, a bit below 7k into tankers.
I am normally conservative. But I felt I had to truly double down after getting a lot of anons into this. Let's hope we all make it.
The have a smaller fleet than DHT and FRO Have no idea how their balance sheet looks now, but they're just a smaller player (mainly US and have been in financially trouble pretty recently). Like in the OP, the list isn't exhaustive nor what I believe will do the best. >see fleet size osg.com/fleet frontline.bm/fleet/ dhtankers.com/vessels/
Let's say you only have $1000 in the bank - 8c 6/19 Cost of Options: 8 Buys @ 1.25 = 1000 Payout: $5600 Profit: $4600
Brody Morris
I will be there. Let's see whether we all are cheering or I get burned at the stake. At least if this loses I too will be down significantly. Devastatingly. But I truly believe this is our path to making it, and I pray if everything works out we can all laugh together and show pictures of our new houses.
Very cute, very appreciated.
>ATH I think you mean 52 week high. It's all time high is above 200.
Kinda getting my dick bit off right now even though they stand to gain more than any other entity on earth in the super ultra mega contango environment.
Sell DHT when it moons or hold forever for fat Divvys? I bought 300. Sell half, keep half?
Kevin Edwards
None of the fundamentals have markedly changed the last few weeks. > Demand is still destroyed and will be below normal for a year or more > Cuts are only just now starting, and may not happen at all in some regions > World oil storage is close to full, if not full already > Re-openings will cause likely 2nd round of US lock down in June > Saudi tankers are still on their way (Not like they can turn around + delivering older contracts, if tanks are full not their problem) There's an interesting game being played here- I think WTI prices won't go negative until the Saudi tankers arrive. Cushing is either already full or close to it, but blaming the Saudis is an easy deflection. Energy stocks will likely recover as the market does. Money printer goes brrr and the markets no longer truly represent real world fundamentals. I'm fully expecting an energy bailout to come as well, but not until the negative oil hits again. The US admin is very much reactionary and will do nothing until congress has people screaming at them.
Tankers have been pretty flat after giving up last weeks gains; which might have been some sort of accumulation play by hedge funds. Next comes earnings and we'll see what that means for all of us. I feel ya. I'm only in like $1.6k (all I could get moved into them in time), but it's all on TNP/TNK/TK options calls. I still think it's a game of patience and waiting for the money to come to you. Whole sector is still undervalued by 2x minimum, and could easily fly 4-10x based on how irrational the market is atm.
Gabriel Murphy
Only the weak don't invest solely in the greek. Tnp forever.
David Jones
Based on past experience there is a slight tendency to dump after the ex-divvy date, but that was a very different time and market.
Carson Nelson
tanker stocks are going to be a short term play why not make this oil trading general instead?
Tyler Garcia
redpill me on TNP, I have money to spend
Ethan Morgan
Tankers will be good for 6-12 months approximately. Entry is not quite confirmed yet, but basically buy in anytime and you're good. Oil is going to happen who knows when and will be a 10 minutes play at open.
Lincoln Ross
Can't find next ExDivvy date, have they not announced it or something?
I kind of want to hold 100, and just sell calls on it while getting divvys, but I can't find a reliable divvy schedule.
Mason Scott
>greek >low cost entry >not flooded with shares >greek
