>Past earnings reports (alphabetical) ASC: EST EPS $0.14, actual $0.20. DHT: EST EPS $0.54, actual is $0.44 (divvy of $0.35). EURN: EST EPS $0.86, actual $1.05 (divvy of $1.10). INSW: EST EPS $1.45, actual $1.49. NNA: EST EPS $0.00, actual $0.94. OSG: EST EPS N/A (Q4, 2019 was $0.12)., actual $0.28. STNG: EST EPS $0.49, actual $0.82.
> Earnings report(s) expected this week None
> Upcoming earnings reports calendar NAT on 5/18, not specified SFL on 5/19, pre-market TNK on 5/21, pre-market FRO on 5/29, pre-market TNP on 6/4, pre-market
>That proves that the “contango play” in oil—where the discount in crude’s front-month versus the nearest contract makes the commodity worth for storing—could be revived, Gibson suggested.
WTI’s front-month June contract was at a discount of less than $1.30 to July WTI while its London-traded peer, July Brent was less than $1.10 to its August contract. The WTI contango was about 20 times larger less than three weeks back when U.S. crude fell to its first-ever negative pricing toward the expiry of its then May front-month.
While another fate like that might not befall the current front-month, the growing storage for U.S. crude is beginning to spook some in the market.
Robert Anderson
Nice, I was going to use this pic when I was thinking about starting a new thread
Owen Miller
Reasons tanker stocks are crashing to bankruptcy
Try to stay focused on the fundamentals people (because I put the fun in fundamental get it?
1. Contango almost gone 2. Daily rates crashing to all time lows 3. Dumb money has already left and wont be back 4. Tanklets dont understand dividends 5. Tanklets dont understand that stocks value are based on future earnings 6. Brandon told them much of this and they didn't listen and already lost money; now mad at all Brandons 7.No catalyst for rising stock price 8. 2nd qtr earnings not good 9. 3rd qtr and beyond losses as far as you can see 10. Excess ships will be scrapped setting stage for a weak recovery in 2027 11. When the board bagholders capitulate we will get a 30% bounce 12. Then down to zero on bankruptcy by June 2021
None of this is reputable
Nathan Fisher
“What we're seeing right now is the head fake before another surge in CV (crude volume) that pushes storage to maximum capacity & oil prices to new lows,” said a weekend tweet from Art Berman, who has nearly 22,000 followers on Twitter, made up mostly of oil and gas professionals.
Lincoln Allen
Fuckin based
Andrew Davis
Still not convinced? Well lets start looking at the NIKKEI then for any similarities.
Chart 4 shows the Nikkei during 06-08. Again, we're seeing danger in the months immediately after May. Obviously it crashed with the SPX but interestingly enough there had been an earlier pattern.
>Series C Funding >Businesses that make it to Series C funding sessions are already quite successful. These companies look for additional funding in order to help them develop new products, expand into new markets, or even to acquire other companies. In Series C rounds, investors inject capital into the meat of successful businesses, in an effort to receive more than double that amount back. Series C funding is focused on scaling the company, growing as quickly and as successfully as possible.
>oil down today >tanker rates have gone down >every tanker down just above 10% >oil storage is available >NO MORE STORAGE is needed
Gavin Martinez
Let's do more on the NIKKEI.
Here's 1996-2003 bear markets. Wow. More correlations, and right on the money almost every time. The only time it missed was during the bull run, which I'm not here to talk about as we're currently in a bear run.
>all analysts warn against oil right now >talk to normies >"Oil demand is recovering! buy oil companies, buy!"
Dear god, all this FUD'ing and head faking should be criminalized. So many people are going to lose all their money, it is sad af. They don't care about research because "Market rational, it is priced in."
Just ignore, he probably needs to feed his family and needs the money. Pray for him.
Yea, it is a clown market day. Don't understand, especially now that the news is screaming from the heavens "Oh no, guys, we fucked up, demand isn't outstripping supply, we are going to run out of storage please help oh god stop rallying you are gonna kill us all this is fake, just get out before it is too late already."
One last chart pulling back to the prior NIKKEI bear market. More correlations. Wait a minute... that blow off top and bear market rally look awfully familiar...
The amount of shilling in /TSG/ is ungodly. Dont let them shake you out tanker bros
Aiden Wood
Conclusions so far: There have been high correlations with May and post may months during bear markets with massive pullbacks. We need to be on extreme alert IF WE'RE MAKING SHORT TERM PLAYS.
Yes hodl for maximum losses we know you haven't the stomach to admit that boomer investors are the bosschads. Never sell and you will never lose even when it goes to zero
>no skin in the game >opinion discarded. or post puts lol
Wyatt Rogers
I'm treating tankers like shitcoins back in 2017. just pick a whole lot, set notifications and sit there for weeks until they randomly pop 2x - 10x. That cash is pretty much psychologically gone for me.
Aaron Brown
These are the times men are made. Stand fast against the waves. We are not landlubbers here in tsg.
Blake Peterson
How do my positions help you when you dont know how dividends work?
Jaxson Smith
No need to rub that in my face right now! It will go back up, we already recovered a bit from this morning! just need to recover more is all, it can totally happen!
Aye aye, Cap'n! My captcha was to find boats, clearly a good omen!
