>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.
I'm just frustrated at the market, oil stocks continue to fill, tankers making record gains, "second" wave of COVID on the horizon. Contango very much in affect. Unemployment remains at record levels, and studies suggest a significant proportion will not have a job to return back to. Yet most financial news outlets are reporting that the glut is over and everything is "returning to normal". Stupid headlines about more storage opening up, and then in fine print they say it's due to open in August, and other headlines like 5mil barrels being drawn and yet they fail to mention distillate products increased by more than crude draw down. Which means the refineries have started processing more crude, but the product needs storage and you need clean storage so tankers can also fill that need (which they are). If the owners of FT etc suggest the way an article is written is that classified as market manipulation?
Ethan Diaz
TK earnings out. This should go to $4 at least. Or tank to $2. You're welcome.
Lucas Lopez
This is a fucking clown market
Carter Johnson
Financial Times seems pretty bullish on tankers, at least for Q2 and Q3.
>tankers in a bear market from 2008-2020 >big institutions know that shipping is a cyclical market, start to move back in to shipping in 2018-19 as the 5-6 year outlook is strong (ship scrappage, IMO 2020/30 etc) >corona hits >oil contango >sudden rush of retail comes in for the oil storage play >fucks up the accumulation of large investors >try to hold the price down, extreme levels of FUD to shake out weak hands who don't know about the tanker supercycle
I just learned some important information. Theres been lots of chatter and FUD about bankruptcy. But the fact is that bankrupt companies are required to pay dividends for ten years after liquidation. We cant lose! That makes the divvys comfier is comfier a word comfiererererer divvys yeah!
Owen Campbell
>If the owners of FT etc suggest the way an article is written is that classified as market manipulation? Absolutely, the publications that have the heaviest sway over price changes are subsidiaries of the less public-facing holding companies which are intwined with oil at every step of the process.
Easton Bailey
Tankers tankers I love you so Cause the bible tells me so Divvys growing in the snow They always growing growing yo HODL ur seacats YODL ur praise Saint Carrol caught the gays We may go broke We may be gay But our bankrupt tankers are here to stay
oil chad here, just came in to laugh at you tankers bro. HAHAHAHAH
I'm so sorry for you 30% losses
Hudson Adams
THIS CANT BE HAPPENING NOT ANOTHER 5%
MY -$100 OIL WILL SAVE ME
James Walker
Yeah I might be down 50% but i'll be getting a pretty sweet 3% divident pretty soon. IN YOUR FACE
Camden Foster
SEACAT SAVE MEEEE AGHHHHBBHHBH
Ayden Davis
STNG is forming an ascending triangle. All my tankers are green except EURN, OSG and STNG, i.e. opposite of what I expected.
Brayden Campbell
>regular OP isn't around atm, so Brandon thread >shills on hyper drive posting by themselves
It's pretty sad the amount of energy expended to shit up what was a comfy general while most of us just started filtering or taking our time drinking some good coffee and chilling.
