>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). FRO: EST EPS $0.92, actual is $0.91 (divvy $0.70). 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. TNK: EST EPS $2.71, actual $3.27. OSG: EST EPS N/A (Q4, 2019 was $0.12)., actual $0.28. STNG: EST EPS $0.49, actual $0.82.
> Upcoming earnings reports calendar SFL on 5/29, pre-market TNP on 6/4, pre-market
this may unironically finally be the right time to buy tankers but i've been burned so fucking hard there is no way a penny of my money is going into this manipulated horse shit
Jordan Robinson
kek, NAT is down during this amazing day. Nobody here actually holds it though, we all know it is the dog of the sector.
Guys i'm back to even on OSG. have a 650$ position that i'm tempted to get out of. was -10% at one point last week
what do
Alexander Morales
swing some into TNP and EURN? requesting backup.
Jacob Hall
Just bought in, I hear the divvies are nice.
Brody Howard
Swing to EURN. High divvies and confirmed buybacks. Sucks you missed this rally on it, but probably a lot more to come and/or divvy security. Divvy is very soon too. EURN is the perfect "I want a tanker but don't want to deal with the tanker bullshit" stock right now.
NAT is the only one I can trade on my broker, why's it the odd one out and why is the div yield 10%?
Alexander Anderson
TNP has earnings in a week, other than that just bear in mind it's volatile as shit (moreso than the others). If you have brass balls it's pretty fun - don't go all in though because it bucks hard.
EURN, as footanon says , is a fairly low risk option (comparative to the others) - good divvies and a solid position in the tanker market. Run by a fairly competent Belgian mob.
>TLDR i'd swing the biggest portion into EURN, and maybe a bit into TNP for bants
thanks. I didn't want to recommend DHT because it seems like there's a lot of fun games going on there. STNG is going to be pretty volatile, but probably a good pick, FRO seems too hot, INSW might play like STNG but I like it a lot less. TNP and EURN seem like the way to go. Backing some out into cash might be a good idea too.
Michael Bell
NAT has the third weakest fleet of all tankers, it has no VLCC's (the big boys which rake in the most profits), no product tankers neither, it is all suezmax's. It's divvy is also less than the others at this point percentage wise by far....except STNG but STNG is special. But worst of all, it has the highest retail segment of any tanker. It is floated more by retail than anything else, while other tankers are floated mostly by institutions and hedgies. Basically, it is the weakest, least profitable, and the least liked by hedgies. The fact that many brokers offer only NAT is why hedgies stay away from it, because screw retail. Also the CEO acts like a car salesman.
Oh, and to add to that, it was shilled the hardest and even now is up the highest% of all tankers since prior to the crisis. Meaning it has the least room for growth as well.
Charles Mitchell
sell order in place for OSG @ 2.23/sh
kinda sucks because that little stock was one of the least volatile and was up the most for me at one point. was +12% on their earnings call but quickly fell after
Andrew Johnson
>sell order in place for OSG @ 2.23/sh stock drops to 2.20
Cameron Roberts
Good to see it going up but I just wanted to average down DHT
Justin Cox
Thanks for the heads up. I just want it to keep its value, though I know deep down it will bleed, you can't really count on a bottom to enter anyway with such low volume.
just wait until tomorrow morning if you want to average DHT down
Levi Wright
i bought NAT at 4.99/sh and am still getting my ass handed to me for -11% roughly overall
FRO has been coming back strong for me
Oliver Bennett
I sold my NAT when it was down, but not this far down at all. Thankfully. I swung it into EURN. Very glad for my decision. Also very VERY happy with FRO right now, guess its dividend enticed people finally. I got very little confidence in big gains for NAT. If all go up, surely it will profit, but no where near as much.
I picked up a small amount of FRO (very cheap) and INSW (higher than i'd care to fess up to) just to diversify a little bit, but I agree with your reasoning on pretty much all counts.
There's some really interesting information in here relating to market cycles and so on (there's a lot of gumph too). One of the things that jumped out was the point about smaller ships - during downturns the roles flip and they end up pulling the strongest rates instead of the biggies. If we're anticipating a drawback towards Q4, diversified fleets could be king.
