/biz/ - Business & Finance

>>18953586

Exactly. There's a lot of fundamentals in order that predict a bullish year for tankers, but we've been struggling with the market acting in the opposite direction and that's the primary concern until yesterday. When earnings came out these companies dropped over 20% earlier this week, despite massive profits. We're seeing gains past few days though. Another thing we're concerned with is whether or not we can exit this play before economy rolls over.

>>18953649
Price doesn't matter, demand matters and our argument is that demand won't be able to reach anywhere near supply. But supply literally can't be shut down beyond 60% or oil wells get damaged and go bankrupt, which no country is going to allow.

>>18953716
Almost there, we've been seeing green past 3 days. The string of exceptional quarterlies have bucked the downtrend; Next 2 weeks we see a lot of calls expire, storage filled, june futures. Could blow up this month. More likely next month.

>>18953801
What does this mean for us?