/biz/ - Business & Finance

>>19354049
Had little reason in the first place. The bull thesis on the notes is that it helps pay off even more debt and considering Q2 has insane earnings coming in, and despite rates falling at tail end now of Q2 we see DHT ships still getting 80k when rates are supposed to be 40k for VLCC's, the idea is their financial situation may become insanely good compared to historical tanker asset-debt ratios. DHT, as scummy as they might be, are competent financially. So I am not scared to hold. I might sell in the future if I profit while others I wouldn't give up still period, but I am not scared.

>>19354057
We might be. Give it a few days to know if we indeed are at the Big Port.

Oil futures looking red now. Good signs.

>>19191775
So...diluting it LESS by lowering the share conversion rate is bad? They are diluting it less which is good if that is your view. Also many companies offer senior notes, from many sectors. And who is to say they don't issue regular bonds? All tankers talk mostly in senior notes, it isn't unique, and you can get senior notes from many companies that certainly aren't "fucking over shareholders." Overall, I fail to see how this isn't a good thing. Even if you don't like the practice, it is a good sign to lower the enticement/necessity of it.