/biz/ - Business & Finance

>>19119431
Honestly, we will know if early Q2 conditions persist by Tuesday. Furthermore, since they have fixed rates even if we undergo a demand shock and go into backwardation afterwards, those rates are secured until 6 months or more which will have production up again from demand shock online by then which creates another contango thus keeping rates up. So really, either we continue contango operations, or we violently swing back and forth which effectively does the same thing. I was all for "get out during Q3" before, but looking at the developing market I am kind of unsure about that now and think it might be too early. idk, market can keep changing and developing to make that point moot, but it is fully possible. Production volatility for 2 years+ (what the report estimates IF we have backwardation and not continued super contango) still secures fixed rates into backwardation months from contango and spot prices at high contango. I don't see how oil demand volatility and demand shock can be negative to smart companies like DHT which take advantage of spot and fixed. And of course, this is assuming we just don't oversupply and cheat but instead diligently cut production until demand outweighs and then start up again. Both outcomes are good for tankers, only "return to normal non-volatility" production without oversupply would be bad....and that just isn't happening.

Also extremely based dividend payouts regardless, wow.

>>19119601
Same, I am eager and anxious. I need to know my divvy.

>>19120145
Cramer is a fucking idiot. Remember, this is the same guy who said "NAT has the largest fleet in the world" and shilled it.