/biz/ - Business & Finance

REMINDER TO FILTER BRANDONS, BUT ENGAGE BEARS - We should strengthen our understanding by putting argument to argument. Brandons will dodge the moment you retort. They're only here to try to shit up the thread. It takes two to do that.

Example:
>>19111106
BEAR
>>19111013
BRANDON

Reply with oil anon's post, Samefag FUD proof, if you must, then Filter by ID, Refresh, and enjoy some classic TSG.

>>19109165
Amen lord Carroll

>>19109499
Anon Why are you speaking like an authority? how much do you know about the tanker sector? Do you know Reddit has Bloomberg's top shipping analyst posting about LONG tankers? I guarantee I know more than you.

>>19109784
Interesting, thanks anon.

>>19111106
>>19111123
Long STNG and EURN are good ideas. Tanker avg ship life is reaching scrapping age once charter and spot prices drop, so we have a bottom for tankers that's close by, that destroys tanker supply and increases demand.

>Once this contago situation goes away, reserves are maxed, demand will steadily increase for oil. No need for tankers except for transport...it's a bleak future for tankers.

This isn't coherent. Contango will go away eventually, we're betting on not within 1-3 months (those of us playing short term). Reserves are maxed is bullish for tankers so I'm not sure what you mean. No need for tankers except for transport, yes, that's the long tanker play... tankers for transport is a good thing, I'm not sure what youre saying here.

>>19111732
Same, buy a place to live in with a nice guitar and piano and pc. Drive a corolla around, buy my parents a new place to live, my dad a new car.

>>19113370
Listen to this guy, Tankers are a choppy ride. You need iron hands. One day you're euphoric from 20% greens, the next you're gonna question yourself from subsequent 10% reds.