>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. NAT: EST EPS $0.26, actual $0.27. 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.
Squid last thread made me diamonds. Love these things.
But no, seriously, so June is over now. Wtf is the aftermath? This was so jewed up, we need oilanon or someone qualified to dissect it. I cannot make sense of what I witnessed, and glad I only lost 200 dollars for it on my SCO. Ah well, DHT divvy will pay off that debt.
Well, anons, i'm in the green but barely. INSW is an anchor pulling down my portfolio despite beating earnings and by all accounts having a killer Q2, what a meme market we currently reside in.
As has been said countless times before by other anons, i'm long af. When the bear raids end and the shills fuck off to new pastures, the kikery will end.
this was never supposed to be a 2 fucking year trade. it was pitched as relying on short term storage OI being completely resolved as we speak saying shit like you always planned to be holding this shit for 2 years is bagholder cope fucking stop
Leo Foster
Lmfao
Xavier Ramirez
Same, I am green too. I wish I had my SCO money back, but tankers seem to be doing alright, and if anything, some are trading positively with oil price. Weird. But EURN is taking a gigantic crap. Strongest fleet, worst dump. I am very much enjoying FRO pump though.
We transitioned from "we x10 from super contango!" to "we x2-3 on value and MAYBE x10 from bullshit!"
With the start of supercycle looming and rates still like x3 at minimum of what is needed and supply of tankers going down soon with potential buybacks on the table now, why sell? Still good value, and value eventually comes. I just don't HAVE a reason to sell if I am not in need of profits right this instant.
if it was short term then why did I buy shares in early April, retard? I'm averaging down right now as we speak.
Joshua Ward
YOU MUST BE A SHILL, HODL HODL HODL
GREAT DIVVY THAT WON'T BE REDUCED DUE TO REVENUE CUTS
JUST WAIT FOR CONTACT DATES, OH WAIT
WE SO RAD BECAUSE WE'RE TANKERCHADS!!!!!!!!!
US SEACATS GOT 9 LIVES
Colton Flores
What an absolute shitshow of a company. Making 22M on 1.6B of invested capital.
Luke Flores
first it was short term for earnings earnings came and we tanked and then it was short term for negative oil caused by storage issues THEY JUST FUCKING CLEARED 100% OF OI IN 20 MINUTES
Austin Wilson
So if the trend continues, FRO reports earnings tomorrow. They see a huge spike in revenue and basically automatically guarantee huge earnings for the remainder of the year.
-5% drop in stock price, right?
Asher Nelson
>oil surges on more volume than the entire day combined H O N K O N K
Ayden Parker
>this was never supposed to be a 2 fucking year trade for many, but the long term position has been around for a while.
Pretty sure that's gonna be at least 5 million barrels of oil delivered to Cushing? Regardless of the Trump tanker blockade it's going to smack storage. Too bad this won't reflect in the EIA reports until June.
Justin Rodriguez
it'll pump in pre-market then IMMEDIATELY tank and i wouldn't be a single bit surprised if this is the tanker companies themselves
David Phillips
>THEY JUST FUCKING CLEARED 100% OF OI IN 20 MINUTES source?
Benjamin Davis
you think that fucking market manipulating piece of shit doesn't have a plan for that? you fucking WATCH tariffs get announced to stave off the next wave of reality and by the time it comes around again demand will have picked up enough to ACTUALLY take care of enough of the backlog
I was expecting a far bloodier reaction to the "moon mission" not taking off, I suspect EURN shedding the day's gains is just a modest selloff of some people wanting out. Seems like most of the people still in the trade are /longpilled/.
Yep, I fucked up on INSW, no getting away from it.
Angel Parker
Yup, massive volume surge until 14:29, 0 volume since then. Someone better contact sec.
Anthony Thomas
Based. I was very minorly in, like 25 shares total between companies. Compared to now like....1400.
This was one of the lamest shilling attempts yet. I don't normally respond to shill/trolls, but that was just....sad.
We didn't clear all the OI, looking at the volume and making the most generous assumptions possible. It is honestly a total mystery how this is going to play out and unprecedented. Not really a cause to brag, because even if you are for oil this is concerning due to never happening before and apparent volatility so high you go from super contango to backwardation into, looking ahead in contract, apparently contango within a month's time. That isn't a healthy industry to put money in, friend. Especially with outside factors like possible China sanctions, wuflu 2, etc. looming.
Unironically expecting this and ready for it. I just want to hear the magic word "buybacks" during their conference and I will be running up the walls in joy. If I don't...still holding due to good earnings and a literal 100% record of beating expectations, but ah well.
I need to amass a collection of these celphalosluts.
The fact there isn't a bloody reaction and the fact some tankerchads said they are selling now has made me feel more bullish desu. Not happier, but increased sentiment.
>We didn't clear all the OI checked. but you fucking watch. you have never seen jewry like what happened during those 20 minutes OI is going to be down to some miraculously low level
Grayson Reyes
Ok, I appreciate your information. Why do you think this was the entirety of open interest? These only look like large spikes because the volume has been dead all day.
No, it wasn't. This was a trade with the possibility of windfall in the short term. There are a billion of these trades, many with a much larger upside. The whole issue with trading is that it's impossible to pick the winners and losers.
The reason tankers were so attractive is because it's a low risk bet with an extremely high upside. You can take a huge position in tankers, hope that you make bank, but know that you can rely on fundamentals to carry you to a reasonable return regardless of whether contango plays pan out. Otherwise just throw your money at a shitcoin and pray for the best.
What shilling? I'm all in for you all to keep DCA into tankers and not actual oil companies. I'll need to buy a telescope to see you tankerchads up on the moon. Not today though, so just hodl on chad bro. Tankers are great because they are a good constant source of dips to buy. Nice try shilling against tankers, shill.
Dylan Wilson
heh... so this is the power of the US oil industry Im not even mad, actually impressed they pulled this off. At least now we know how things really work
Joshua James
Check'd, buying ATM/OTM puts for July/June on FRO to cover my ass if we've been scammed and the whole industry is a ponzi scheme. I'll have to take a 10% loss but it might be worth if it Brandon has had insider info all along.
Jaxon Hernandez
>Why do you think this was the entirety of open interest? because they stopped
