energy markets are degenerate more degenerate than crypto. just buy bitcoin. stocks fags are legit the worst and are the problem. bitcoin is the cure.
Chase Martin
Anons maybe haven't found the thread yet since it is a /tog/ edition instead of /tsg/, but still this is quite a glorious time! Up bigly today as well, we might be in for the big port!
Your image is truth. Fuck China, let's fuck em up and raise price of oil and tanker rates sky high again. It is the outcome where we both win bigly. That, and it will send tech and a bunch of other stocks tumbling down again finally and maybe make them cheap enough to buy once again.
If China gets sanctioned, we become wealthy boat owners. Also gas may enter a worse contango than oil even if oil contango doesn't "resume" (it exists still, 30 is less than hypothetical 40 and 60) just conditions aren't letting it enact).
Hope you got in late so you are profiting or close to it.
500 shares of DHT, 200 shares of EURN, 500 shares of FRO, 200 shares of STNG.
I am doing pretty damn good overall. A moment of silence for all those who sold and haven't lived to see this day.
Yeah I bought DHT around 6.20 so after the dividend I’m in the green again. I wish I would have gone all in on FRO calls because that’s doubled in value since I bought it
400 dht @6.38 600 FRO @ 7.96 wrote DHT Jul 7 Call FRO Jun 9 Put 3 FRO Jul 8 call Bought 6 FRO JUL 7 puts as a hedge against the dividend drop, but I bought too early instead of waiting a day before ex-dividend like a dumbass.
Are you guys waiting for the original moonshot or just going to bail once you’re green?
Eli Clark
if my calls turn green for one nanosecond i am fucking OUT
Parker Jenkins
Up more now. Also who cares, EURN went up 60 cents yesterday kek. Up BIGLY!
I am waiting for moon. Fite me. For real though, might as well wait till all divvies at least and re-assess then. If I get up bigly, I will sell some for profit/pay off the bit of margin and keep the rest that way I am not tied up in just tankers. Maybe. Depends on momentum, because I will ride this shit for however long I think it profitable. And if some big event happens to make it all skyrocket in rates I will settle and wait for sure.
I'm going to bail on DHT as soon as it hits 7 and maybe swing to EURN if it hopefully stays around 10-11, and maybe let FRO ride while writing puts and calls along the way since I'm holding anyways.
Aiden Flores
Revising. I will basically do the same thing as potentially as well unless DHT just carries momentum into the heavens. And if STNG dips will maybe swing there too instead of FRO, I got enough FRO. It all depends, gotta assess as we go along.
I'm pretty /EURNpilled/ so i'll be keeping them for a while to collect divvies and to see what the market looks like going into 2021. I'm swinging FRO and TNP for profit in that time, should hopefully cover what I have in EURN over the next couple months.
Hey, so just got news that Pompeo changed the status of Hong Kong from autonamous to being under China. Is this good news or bad? Does this mean America is going to accept Hong Kong being under Chinese control, or does it mean it should be autonomous but we don't see conditions as such so might take action against China until they free them? The answer is important because the latter interpretation means sanctions MUST be incoming!
Checked and smart. EURN has an essentially limitless cash pile now, and they have an absolutely enormous and diverse fleet.
A toast to all those people with steady hands. It has been a pleasure weathering this storm with you gentlemen. Specially those that were in for the Contango play. For our recent new seamen. Welcome aboard. Let's hope this is just the beginning of another big and bountiful adventure now that the storm is over.
Toast! It has been an absolute pleasure posting and struggling with all of you who have remained. Especially those like me who went in for contango and stayed for the value. May we have clear waters and smooth sailing towards greater and greater profits. Who would of thought it would of only taken 2 days to make up for every loss and go green overall. RIP those with weak hands.
It seems like tanker rates are going into a period of price exploration. This is the third time this week we've had on subs of 60k+. I see this as super positive, maybe 45k rates were bottom? Thoughts?
>Demurrage USD 65K (TCE: RV USD 73.95K @ 69.93 days / Actual USD 71.1K @ 72.53 days)
Alexander White
AHOY MATEYS, THE SEA WAS A CRUEL MISTRESS BUT KNOW SHES FONDLING ME SALTY BALLS AND LICKING MY SWARTHY TAINT. ITS A GOOD FEELING. SMOOTH SAILING TO THE MOON FROM HERE ON OUT TANKERCHADS.
Oil: Anything but USO and UCO Don't pick shale bcuz bankruptcy Literally any oil super major
Evan Hughes
Sell DHT and FRO when it is green or hold and hope they go to the moon?
Brody Cruz
>RIP those with weak hands. Yes. Don't forget those RATS. Or the attempt at mutiny! Traitors, all of them!
THEY WALKED THEMSELVES OF THE PLANK
I kept telling people about that. Even if floating sotrage decreeses, people have been storing Oil in the most remote locations where there were tanks. Now they need to get the Oil back to the buyers.
Serious moment here, why WON'T DHT moon? "Muh senior notes" is essentially banking on one apocalyptic outcome to prevent it from doing so, otherwise it is still one of the strongest companies in the entire sector. What other reason is there to be against DHT? Sure EURN, FRO, and STNG are better objectively, but DHT bearish seems like an exaggeration. It isn't NAT, it has a big VLCC fleet and raking in absolute tons of money.
That said, if this shoots up I will likely convert my shares to EURN.
Actually, hang on. If I buy EURN now, will I get the divvy tomorrow? I just noticed I am in the perfect ration right now to convert my 500 DHT shares into 300 more EURN, so I would have a total of 500 EURN, 500 FRO, 200 STNG. Fuck, I got something to think about here.
