Today is a good day OP. Smooth sailing, clear skies, calm seas. This is enjoyable so far. Guess cities burning down is good for those who live on the water.
EURN for sure, and still go big divvy. STNG too as well, anything below 20 is good longer term on STNG and below 18 is an absolute amazing bargain. FRO is strong af but because it has been so on fire and performing so awesome lately I don't know whether to recommend to buy or wait for a dip, it's momentum can be interpreted in both ways.
Ah, forgot that STNG is above 18. Still an absolutely fantastic deal at this price, it doesn't matter.
It is great, and barely any shills. Mainly because we are being vindicated now I suppose. Very comfy again, and very comfy bottom for rates has been found.
EURN is the best bet if you have any sort of interest beyond the immediate term (which you should consider). Excellent market position and competently run. FRO is another good option from a value perspective and has a lot of positive interest at the moment which will bump the price if you're thinking more short term. INSW, well, is an odd one - they are soundly run but overly conservative in their approach (for example they're paying $0.06 divvies on $20 shares during an immensely successful quarter), but they don't seem to attract the same kind of interest others do.
Shop around, there are other decent buys in the tanker market too - although you've picked two of the more promising ones already.
I backed out a bit last week before we saw the two red days and am looking to see what looks good for re-entry. I'm glad EURN seems to be keeping $10 strong. I think I'll throw some more that way and a bit back into STNG.
Makes sense to pick your moment - quite a few people were burned FOMOing at the beginning. Unfortunately STNG aren't covered by my broker but from what i've seen they're in a good position to dominate the tanker market once scrappages kick in - good choice.
Ian Stewart
The burning out was sad. They literally burned out right before they recovered to the start of this, so those who sold lost a bunch of money. At least if you sold now you would of made a profit on everything but NAT and DHT.
Yah I was down almost 4k the last few weeks but now I'm just below break even and the momentum hasn't stopped. Very happy that the fundamentals are starting to kick in, rates are going up etc etc.
Seems as though the Brandons have left, and we've been distilled down to the true /tanker/chads.
Can't wait to see how this week turns out, cautiously optimistic as always.
>FRO is strong af but because it has been so on fire and performing so awesome lately I don't know
FRO’s ex. div date is in a couple days. May go up until then but who knows. Pretty hefty divvy.
Ethan Richardson
Hell hour is hour, and I am still profiting. This is nice.
I was down 26% overall as I mentioned, fully recovered and only a bit down, creeping to a bit up back and forth....all DHT to blame, but the fact that I am back to where I was despite sizable DHT holdings says a lot.
Everyone here is in it for the longer run, though miss oilanon. I would like to see him again even if Brandon was a cost to have him back. My positions are the same, but with DHT. DHT, FRO, EURN, and STNG. 500/200/500/200 shares respectively. Hence...DHT is my anchor, kek.
Very hefty divvy. Very happy profit run. I will gladly let it keep making me money today and tomorrow, the divvy is Wednesday. Might stay up after that due to divvy holders, or go up more. If people buy for divvy, they tend to hold for more than 1 quarter which is a good thing. Bit of small sell off possibly after divvy subtraction, then all good. I am not worried in the slightest about FRO.
Hello fellas, new to this stuff and figuring out which would be the most worthwhile stock to invest in, for my first time etc etc, also a leaf if that changes anything
Eurn is always a solid. I'd say if you choose one, it's eurn. My strongest picks have been Eurn, Fro, and NNA (up 16% total for me with a .3 divvie at $6 a share).
Nathaniel Robinson
EURN and FRO are both dipping right now, so either would be a good pick up.
For conservative divvie approach, eurn and fro are good. I'm a fan of nna too, but they have risen in price, but consistent divvie. DHT is also low atm. For capital gains approach, stng is cheap atm, and I have tk and tnp but tnk is also recommended from what I have seen. I believe in more if a basket approach but if you are picking just small groups I would say Eurn/fro for conservative and stng for spikes.
Logan Bennett
It was sad, but completely understandable at the time - the whole experience has strengthened my hands when i'm confident in the fundamentals, which I am here, and for that i'm grateful.
If you decide to go /tankers/ then go with the other suggestions, i'd recommend you do a little digging before you do just to make sure you fully understand the ways tankers make their money/what negatively impacts them/how shipping cycles work at a basic level. There's a lot of moving parts that can torpedo your tenacious little (massive) ships or put wind in their sails. Oh and i'd recommend brass balls, because they'll buck like mad occasionally.
My mental gymnastics assumed investing in oil and fuel would be better in the long term, like 10ish years or so, if thats still efficient, but youre right, been using the lockdown to just research and figure out what's sus or not, right now with all the tension in the world, i just feel like every passing day im gunna miss my chance in investing into something pretty low, and id be making nothing but a profit from then on, etc etc
Henry Barnes
I get what you mean but FOMO is not your friend, kind user. You want to do your best to stamp those thoughts into the ground. Your fear would be realised if we were hitting a V-shape recovery globally, but that isn't happening - you'll have plenty of time to do your due diligence and pick stocks while we splutter and stop/start our way back to where we were at the end of last year on a consistent basis.
Some user came across this thesis a while back, a lot of it isn't relevant to ourselves but there's some very good explanations of core concepts/historical context that are probably useful in your position. If you have a spare half hour i'd recommend skimming the relevant parts. globalmaritimehub.com/wp-content/uploads/attach_427.pdf
My hands have been strengthened too, this has been a hell of an experience. Now all I lost is back, and if I get just a bit more I can look firmly in anyone's eyes and go I made good money. I would be able to right now actually if not for DHT, just....oof. Please recover already DHT. So true about this shit bucking like crazy though and with an enormous host of factors behind it, this sector is unironically deep af.
Also, I agree with . You aren't missing anything, just have patience. Maybe from tankers, but with this market as a whole you aren't missing a thing as it will go down.
>If people buy for divvy, they tend to hold for more than 1 quarter which is a good thing.
I picked up a bunch more FRO recently and was thinking about selling it after divvy so I can swing trade again (most of my money is tied up in it now), but now am seriously thinking of holding for future divvies as I'd be making about $100 a month just on just FRO. Pretty comfy. Might just pick a stop loss and hold it forever until it hits it.
