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
Definitely, though all rules been thrown out the window recently. And the market is acting beyond irrational with the riots, businesses are all closing up and no one can move why is oil up? Why REITS? Why most of these things? This isn't bullish, this is apocalyptic to those worried about COVID wave 2 and those who want reopening to return demand. Nothing makes sense right now.
>makes money hand over fist >well below pre-crash prices You tell me why.
My god, what is today. This is apocalyptic. Did any news get released or what? I see absolutely no reason for this. I don't see a single reason for how the market is moving at all today given the circumstances, it is beyond irrational in many sectors and stocks.
Absolutely user, second wave in the US is guaranteed now - only question is how many deaths will the government allow for the sake of the shale industry/S&P.
I don't know about people's opinions on Zach's, but generally everyone has been citing them for buy and hold and sell signals touting tankers all in general have had a rank 2 (Buy) general rating and outlook.
Very recently, Zach's raised FRO and STNG from what I can find (and thus likely other tankers) to rank 1 as the strongest possible buy they can give. Institutions know, people know. So why shakeout.
kek, jews have so much already, they actually need buys to get it up to make money though eventually.
I noticed the rate crash too, but so what? 50k high, and the rates went volatile going to high 60's before going to mid 50's from what I gathered. And considering all the news on the horizon and good god how is no one talking about how riots are going to obliterate oil usage.
Wonderful. Makes them sell more, this market today is the height or irrationality.
Oh no! Only the high 50s? How will already extremely profitable businesses make it while earning a rate that's double break even? One of the most irritating things is that NAT is still up compared to historical prices. Its ironic, one of the worst companies has not undergone the the same amount of speculative sell-off like FRO and STNG. Here might be another reason for the sale offtwitter.com/JHannisdahl/status/1267783611480244225 People still have no faith in tankers.
Check links in OP to see tanker rates. The first one under tanker rates shows there was a drop.
Luis Sanchez
Kek, correction from research. FRO rank 1, STNG idk they conflict and they said 1 at one page and 2 on another. DHT deservedly at HOLD only, but they sleep on EURN saying it is a hold.
>floating storage falls Good! Storage rates aren't permanent if they have to keep storing indefinitely from what I understand, since oil isn't fixed this frees up more room for storage rates later if shit hits the fan more. No one likes to evaluate them fairly, and those that do are unlistened to.
I doubt oil will be hit to bad. our current good news is the shipbuilding deal and prospects of opec deal collapsing or resulting in more cheating. Sanctions maybe too. I'm just a little demoralized from how opaque and deceiving the market is to outsiders on purpose. Oh well least I got my linkies andcmy divvies
Zachary Hall
Yeah we might be searching for reasons for the price action. Price action need not need a reason
Luke Hill
Yeah, there really is no reason for current prices other than the fact that people have no idea what any of these companies are worth and have little idea what affects them. Might be a bitter pill to swallow, but we're most likely very early to the party. Any upswing might take a while to work its way into the general public, as the current preconception about tankers is that they are a horrible business with little upside, ever. One of the best examples to show that no one knows what's going on is NAT compared to the rest of the industry. NAT is still at 2019 highs while other companies are not only trading well below 2019 highs, but trading below historical value. If any one had any idea what to invest in, companies like FRO, STNG, NNA, EURN would be the ones, especially looking forward. I feel that that NAT and Cramer interview really fucked everything up. NAT was made out to be the best tanker company, and many people won't have that misconception corrected for awhile, if ever. Then factor in all the other misconceptions about tankers and shipping and you have a horrible mixture that results in a tremendous downward pressure on other tanker companies.
I don't see why oil won't be hit bad. What, people think Trump mobilizing the military on citizen is going to go full retard and we are going to have tanks and vehicles jugging gas like no tomorrow patrolling the streets? It is a bit annoying to say the least.
The NAT misinfo kills me, and Cramer went on later when asked about tankers in general to say they all suck and shouldn't be touched.
