>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.
> 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
>Another important date May 19th, 2020 (you know why) Keep an eye on the 14th, 15th, and 18th of May too.
great gotta restart my brandon filter HERE WE GO BOYS THE FINAL SHAKEOUT HAS BEGUN DIAMOND HANDS ARE NOT ENOUGH FROM HERE ON OUT THE ONLY HANDS ALLOWED ARE COLD DEAD HANDS
Wyatt Campbell
Circling in the drain Circling in the drain We are all rejoicing Tankers circling in the drain
Never become emotionally attached to a stock retard
William Hall
Honestly the floor is probably around $5
Cooper Hill
UCO PUTS ARE UP 300% SINCE YESTERDAY FUCKING HODL
Colton Sullivan
You’re not looking at the one that affects tankers. WTI is holding strong and will only continue to inflict pain on storage companies yet isn’t strong enough to positively impact transportation.
God damn. Frobro here. Someone go through the logic of why this will boom again? Rates have plummeted back to 50k. All reserves are pretty full worldwide. Let's use Europe as an example. Gonna spout some random numbers.
Normal situation: Production 3 million barrels per day Consumption 10 million barrels per day Import 7 million barrels per day Storage: Stays flat at 200 million barrels
COVID situation: Production 3 million barrels per day Consumption 5 million barrels per day Import 5 million barrels per day Storage: Increases by 3 million barrels per day to 400 million barrels.
Post-COVID situation: Production 3 million barrels per day Consumption 9 million barrels per day Import 5 million barrels per day Storage: Decreases by 1 million barrels per day to 200 million barrels over a 200 day period.
So why wouldn't demand for tankers not crater? We're looking at a future decrease of 1 VLCC tanker less needed per day to supply the european market This is going to happen worldwide. Once consumption outpaces production worldwide they're just going to lean on the massive reserves for a year or so and bring it down to a smaller size. Production is going to stay low for at least a year. Low production means that not a lot of oil will need to be sailed over the seas. Europe will consume domestic production first, russian pipeline production second and only resort back to tanker imports when the market is back in balance and the storage is back at normal levels. This will happen everywhere. Please correct me, as I said I hold a shitload of FRO and getting unsure about what I've done.
Yeah you’re right that our future isn’t bright but it’s still fun to speculate and hope that it goes back up. You don’t need to interrupt that you asshole.
Brandon Rodriguez
Quick summary of what some of the companies cover. >DHT Total Fleet: 27 Focus: Crude Oil >Eurn Total Fleet: 75 Types: Crude oil, offshore >fro Total: Fleet 69 Types: Crude Oil >nna Total: 46 Types: Crude Oil, Product (Petro), Chemical >stng Total: 138 Type: Product >tk (includes tnk, tgp, too) Total: 130 Type: Crude Oil, Product, Natural gas, offshore >tnp Total: 58 Type: Crude Oil, Product, Natural gas, offshore
he's a liar "plummeted" to fucking DOUBLE their normal rate and that shit is going to go up again because storage is literally running out WORLD WIDE
Owen Long
No, it means that of all available spot days (e.g. if you have 100 spots and the quarter is 90 days, that's 9000 spot-days total), 66% are fixed. Note that fixed is not guaranteed, the subject needs to be lifted for it to really go into effect. Usually that's about a month after the subject is fixed. On the other hand, the 110k rate they're claiming already discounts the possibility of delinquency (which is a common issue in the tankers industry), and as demand is lower than expected while cuts aren't as much as expected, delinquency rates should be lower than normal.
Leo Hernandez
>plummet The rate for a lot of these companies to profit is like 15k a day. Even 50k is a strong profit margin.
William Lopez
that’s your high for the day get ready for the bleed out to $6.30
Yes we know all these stocks are going to zero but theres nothing wrong with losing 5 or 10 thousand having fun. Lighten up buzzkill
Lucas Lopez
HOLD ON SEA CAT
Jacob Reyes
WE ARE CARVING THROUGH THESE ROUGH SEAS LIKE A KNIFE THROUGH BUTTER, PRAISE THE GODS!
Actually, short term future and medium term is kind of bright and may initiate a supercycle. That current rate is STILL very good, extremely so from the norm of like 15-16k. Second, will rise due to oil going down soon. Third, supply soon to fill and use tankers as floating storage more. Fourth, many have not fully employed their fleets yet. And fifth and most importantly, many vessels are near scrap age which means soon as this crisis is over and rates go back to normal they will scrap ships to reduce tanker supply and keep the rates high. Demand will be propped up after this by shortening the supply of tankers, they decreased heavily during this crater because after the last super contango they made a ton of new ships and increased supply. The order for new ships right now is at historic lows, and scrap dates soon, meaning supply will be low af and rates high still.
Wew, lockdown v2, oil never coming back.
HOLD ON SEA CAT
Aye, brothers sharing the hot iron on the cold salty sea. We are going to make it brother, and then we will have all the rum we can ever share together after.
i've been calling for a fake pump to shake out the last of weary retail before the real pump on monday
Xavier Bell
Tankers greening. I think it's happening.
Juan Green
Five weeks and five ways to profit
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 11.5 this will happen in 5 to 6 weeks and this general will disappear that's your sign 12. Then down to zero on bankruptcy by June 2021
>suicide on a dead cat bounce of less than 1% at least you’ve lowered your expectations
Liam Baker
t. retard with gun to the head
Evan Cook
we gotta pump fast before circuit breakers i think oil is going to drag everything down with it apart from tankers they won't be able to sweep it under the rug anymore
Oliver Rodriguez
what is most disgusting is that we need to watch donald trump's twitter to see if he's going to try to fuck us yet again
