>Rates go up, stocks go down edition aka every fucking edition DHT IS DOGSHIT THE ENTIRE OIL INDUSTRY IS FUCKING RIGGED AS FUCK IF YOU AREN'T ALREADY IN. STAY THE FUCK OUT
Brayden Foster
At least they aren't dumping hard like oil
Samuel Hernandez
>Rates go up, stocks go down edition How true. Rates go down, stocks go up. Rates go up, stocks go down. Oil is falling, tankers going down. Weird day, but was worse earlier. Things look like they want to get better. Also, Trump press conference today as well as news that a while ago Trump had closed door meeting with Britain about Hong Kong. I think we might see sanctions for real today, I got hope. Cute and accurate image too OP, thank you as always.
DHT is doing pretty alright today compared to other tankers.
i told you the other day about DHT, man that isn't mooning for MONTHS to come and even when it does it won't be enough to offset the opportunity lost of participating in the bull run taking place in the meantime
Gavin Thompson
I doubt, they are profiting extremely hard even as rates fell. No idea how they were securing 60k and 80k voyages when the rates were 40k on average, but they got 5 star negotiators or something. Plus I got exposure to many other tankers, not like I miss shit even if you were right. VLCC's benefit harder than other tankers models if China gets sanctioned, and DHT is all VLCC. 15% share dilution during apocalyptic scenario is not worth worrying about when the upside is so great.
I mean, tankers are volatile. Volatility is just a part and parcel of trading them. DHT is relatively flat right now. Yeah, it's a mellow dump compared to other days. Hopefully i'm not jinxing it, but it doesn't seem to have any legs. Maybe just antsy profit takers. I'm still green on FRO and EURN. Yeah, very odd. Maybe market sentiment, fear of sanctions, and profit scalpers are dragging them down today? Because there's no real reason. 70k rates (absolutely stellar rates) might not be enough to entice frightened investors. We'll have to see.
>DHT is relatively flat right now that's a creative way of saying, "laying dead on the bottom with fish picking away at its corpse"
Jace Moore
i'm buying refr puts because you spam so much
William Thompson
Based.
Probably sentiment. Maybe profit taking. Past 2 days made no sense in the energy sector cumulatively. Also for a "down day," this is very weak downness. I am green on FRO, EURN, and STNG still. I can barely call this a dump, it's more like a crab so far.
Kek. It's not creative at all. It's just a fact. DHT stock prices could fall a lot further, but right now it seems to have found a bottom around 5.80 to 6.10. DHT still has massive cash flow coming in and Q3 is looking pretty good right now for VLCCs. So, we'll see how bad it is in the coming weeks.
Josiah Flores
Yeah, compared to the 10% down days, this is lovely.
I will take 1% down any day as a "downturn." It is almost cute. Really the thing hurting me right now is STNG, otherwise it is just so negligible with everything else.
Let us pray Praise be to the Lawrence my rock, who trains my hands for holds, my fingers for divvies. He is my loving boomer and my fortress, my stronghold and my deliverer, my shield, in whom I take refuge, who subdues Brandons under me. AMEN
BULLITION: TRUMP PRESS CONFERENCE IN 40 MINUTES. SANCTIONS AGAINST CHINA POSSIBLE.
Beware, for if the news is "bad" then tankers both will be in a position better than the height of contango and at the same time the market runs the risk of mass indiscriminate sell offs which can plunge our share prices. This is the high seas of volatility, get ready for waves either way.
WSJ just dropped a shitty fud article. It just mentions falling rates. That's it. Even though rates and inventories are increasing past 2 days. Eurn mentioned
Colton Smith
HOLD ON SEA CAT!
Ayden Cruz
WHERE IS HE. I WANT TO FUCK OVER CHINA ALREADY.
Fuck WSJ, they are unreliable af about everything in this market.
Nah, it's a nothingburger in the eyes of the market. They only cared about sanctions against China itself and tariffs as well as ending the trade deal. I got excited over nothing, Trump did a lot but pussied out of ending the trade deal. Shame on you Trump.
Hopefully this is 4D chess and China ends it in response to Trump's insults so Trump can tariff, then all is good. Sorry for false hype.
At this point he wants economic independence from china. We shall see where the developments go. If tariffs and sanctions still happen then it's still a bonus for us
