/biz/ - Business & Finance

>>30283458
I know what contango is, you fuck. This crabbing on the SPX is just killing me. Can I not complain about in your no fun zone?

>the crash is already over
Bobobros... what happened? That was our time to shine.

>>19474820
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.

>>19474820
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 most likely be 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 that no one knows whats 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.