Retard. They're not mutually exclusive. They need to be brought together to crush the misconception that if one does well the other will fail. Floating storage isn't the main business of tankers. The transportation of oil is. Moving forward, the exportation of oil is the big question for tankers and oil companies. Both need it to survive long term.
Parker Baker
checked real question: who is going to import when their storage is tipped-to-the-tippy-top to that point where they aren't even bothering to unload the oil that's floating right off their coast?
Julian Sanchez
China is apparently importing even more than they did last year during the same period. Nobody else is for now though. Maybe india if they reopen in 2 weeks as expected after the latest pushback.
will they continue to do that once oil prices go up? if they're paying the current rock-bottom prices on oil it seems like it'd be silly to not import it at the moment
Don't even try to pretend like you know what's going to happen in June. Neither of us do. It's just my opinion that oil prices will rebalance soon.
Regardless, historically speaking (2016-2019) product tankers have traded at 80-90% of their NAV. Right now STNG specifically is trading at 50%.
Am I really so retarded for buying this dip @ $16.90/share and expecting it to go back to $23/share? Are you so pessimistic that you think Q2 earnings are already priced in?
Fuck off. You don't know shit. It's all up in the air and the situation will continue to be volatile.
>and no these threads started on May 4th nearly a week after retail FOMO right at the beginning of the big plunge. WRONG!!!
These thread started casualy warning people of the great deal tankers were to the upcoming contango before the May rollover! How I know? Because thanks to those threads. I made money on STNG which I sold at the top and never went back to it. I went make to FRO, and got fresh into DHT pre earnings, because I TOUGHT the earnings were going to be good. And THEY WERE! So it was a wise bet. Not my fault they went down after the best earnings ever. I rather lose money like that than make stupid mistakes like buying JCP on hope they get bailed instead of bankrupt. Same as tons of airlines. Tankers are the safe bet, that is why now that retail is gone, all that left is us and BIG MONEY, because people betting their clients money want safe, future proof investments.
Thomas Watson
Good. Then I can buy even more and make all my money back plus more with comfy divies
Think of it as a retard winning the lottery, would you invest in him thinking that his profits would continue to grow? (70 percent of lottery winners end up bankrupt in just a few years after receiving a large financial windfall) No you wouldn't invest in him, and neither do most people when they see companies with their NAV propped up by two abnormal events that cant be expected again for future growth.
You're bagholding expecting a retard to win the lottery a second time.
Camden Bailey
>posts a link to the first general thread with date in archive >somehow claims its not the real date
Tankers are coming back up. It means the shills are going to stop their morning routine. Why are they all clockwork?
Easton Williams
If you think that the NAV was "propped up" by this abnormal event you're a dumbass. You're implying that STNG had a 50% increase in assets in one quarter.
Their NAV has a ton to do with both the tariff situation late last year and contango demurrage. Neither of which can be expected again anytime soon. STNG was on the downtrend long before those two events and now they're simply picking up where they left off. If you cant see that its because you don't want to see it because you're invested in it going back up. It's not my money depreciating so do whatever you want.
This is much comfier than last Brandon thread. Combining the two might be a good idea anyways due to relations, and also oil talk in general is interesting.
HOLD ON SEA CAT
>NAV >Propped up >assets being propped up >implying STNG was gifted double its assets in a quarter without taking on any debt and somehow not making profits to do it >STNG hasn't increased assets at all in reality
Holy shit, confirmed retard, get out you shill kek. Do you understand what NAV is? Do you even know what an asset is?
>NAV doesnt include cash windfall I had to spoonfeed you yesterday on conversion notes and now I need to spoonfeed you on what NAV is? Why do you keep coming back for more asspounding? Hows your DHT looking today cuckold?
Logan Brown
I just made 3 bucks on a 100 dollar investment with USO, could've made 6 if I hadn't panic sold. Second day of trading if you can call it that, I'm starting really small to get the hang of it
I have 10k in savings though and I want to make them grow, if I had invested them today I would've made between 300 and 600. I don't want to rush while not understanding half of what I'm doing but everything is so low, it seems too easy to make money
I'm gonna lose everything aren't I?
Jaxon Jones
>Keeps mentioning DHT >FRO >INSW >h-haha nothing to see there goys!
Sorry but you're actually retarded. You just implied that the NAV was "propped up" 2 billion dollars worth of assets in a single quarter. What type of crack rock are you smoking? They haven't gained any assets in the last quarter besides shares and like 1 boat. I can't believe I've been arguing with mentally disabled people this whole time.
