/biz/ - Business & Finance

It Happens this week, bros

heads up that reddit has caught on to /tsg/

>>19010810
not sure if great or
>great
the timing is good
i'm pretty sure brandon is from over there

We're in normie waters from now frens.
Smart money has already bought in, the time of big gainz are over.

Interesting week ahead chaps, will we see a rush of speculators FOMOing in preparation for futures next week, or will we see one last major shakeout? Place your bets here.

Remember to remain comfy at all times.

>>19010873
i predicted a fake mini-pump and dump from blackrock & co, then the real rise

>>19010873
I say it crabs this week, then slowly rises.

OH NO OH NO OH NO OH NOOOOOO

>>19011110
now why in the world would they want to target tankers
UNLESS THERE'S A FUCKLOAD OF MONEY GOING THROUGH THAT INDUSTRY AND THEY WANT A PIECE

I missed the train when Oil was at like negative to four dollars a barrel. Is it too late for me to invest a fuck ton in oil and hope for like 100 percent return in money?

>>19011329
How do you want invest in oil? Etfs, cfds? Or production companies?

>>19010682
What's this all about? Investing on companies that manage fleets of tankers?
Buying oil?
What exactly?
Am long time /biz/ lurker but first time I have looked inside one of these threads.

>>19011422
read the OP
buy DHT
wait for May 19th
>no missing steps
profit

>>19011422
the logic doesnt make any sense to me either. for some reason they think demand is going to go up for this stock for some reason.

>Diamond S is one of them. Of its 16 Suezmaxes (tankers that carry 1 million barrels of crude oil), 13 are in the spot market. The spot Suezmaxes have booked 54% of available second-quarter days at $48,700 per day, below expectations.

Rates nearing all time lows, even the 2nd quarter will be dicey. Bankruptcy by year end

>>19011329
Important to bear in mind investing in oil is a different game to investing in oil tankers, friend.

>>19011422
Some interesting articles in the OP worth reading, but the general gist is that tankers are one of the few industries making obscene profits during the pandemic (with added oil price war at the same time, for good measure) Strong dividends and large institutional buy-ins tells us that the value of the stocks exceeds their current price, and a lot of big boys seem to believe that's the case as well. A lot of retail is understandably put off by the volatile nature of the stocks, however.

>>19011422
Thus thread is made by bagholders who bought the top on Cramer's recommendation. They are down 40% and getting desperate

>>19011482
>>19011440
>>19011422
>>19011329

Brandon's got help and he's trying the most desperate tactic yet.

>>19011437
>>19011440
>>19011490
Thanks for the replies. Will set about doing some reading.
Am in Australia, btw.

Reasons tanker stocks are crashing to bankruptcy

1. Contango almost gone
2. Daily rates crashing to all time lows
3. Dumb money has already left and wont be back
4. Tanklets dont understand dividends
5. Tanklets dont understand that stocks value are based on future earnings
6. Brandon told them much of this and they didn't listen and already lost money; now mad at all Brandons
7.No catalyst for rising stock price
8. 2nd qtr earnings not good
9. 3rd qtr and beyond losses as far as you can see
10. Excess ships will be scrapped setting stage for a week recovery in 2027
11. When the board bagholders capitulate we will get a 30% bounce
12. Then down to zero on bankruptcy

None of thus us reputable

>>19011549
Post your position, Brandon.

>>19011110
bullish for tanker rates

>>19011490
They made profits in the past, now they are making losses see point #5

https://seekingalpha.com/news/3569275-crude-products-tanker-rates-tumble-on-all-major-routes

>>19011538
Feel free to ask away once you've got a stronger understanding of the basics, you'll generally get helpful replies here. We do have a resident autist who's on a crusade to shit up the place constantly, do your best to ignore him.

>>19011560
No one posts there position here because bagholders have huge losses and are embarrassed and Brandons dont buy penny stocks on the way to zero

>>19011581
Thanks mate - appreciate it

>>19011581
Yes listen to the people who are crying about their 40% losses that's the way to profit

See point 6>>19011549

>>19011592
Post your position, Brandon.

https://www.hellenicshippingnews.com/will-tanker-stocks-crash-as-fast-as-they-soared/

Well? Will they tanklets?

Oops they already did. Lmao. Buuuuuurn

>>19011646
Brandon's puts = fucked beyond belief

>>19011549
Is this still the payed shill who's already been exposed?

>>19011668
Jesus how many posts does this dude make per day

https://oilprice.com/Latest-Energy-News/World-News/Oil-Tanker-Rates-Plunge-More-Than-50-As-OPEC-Cuts-Start.html

Hahahaha , tanklets call me brandon as their portfolios burn

>>19011692
one for every dollar he's losing on his puts
he's gonna be here a long time

>>19011665
Puts on tankturds are up 1000% in the last 2 weeks

What the fuck just happened?

>>19011729
not yours

https://www.foxbusiness.com/markets/saudi-aramco-may-cut-government-payout
AHHHHHHHHHHHHHHH

>>19011692
It's actually crazy. He stayed on a thread for 14 hours making a post every 15 minutes. Easily over 120+ replies on that thread but now nobodies listening to him, he's just a goldman shill or some crazy fucking boomer.

>>19011665
The boy's made a total cunt of it.

What's worse fellas losing 40% on your tanker stocks or me pouring salt on your wounds

https://www.tradewindsnews.com/finance/dumb-money-loved-tanker-stocks-until-it-didnt-and-that-fuelled-this-weeks-shares-massacre/2-1-805269

>>19011729
which one is you, brandon

Why did Brent futures just jump 4%?

>>19011754
Instead of doing due diligence on your shitty tankers you post about me all day. Sad for you and Bad for your moneys

>>19011549
Stick to your index funds Brandon. You’ve been at this for 3 days now with the same tired and increasingly wrong arguments. There are drugs you can take that help with dementia.
Also post position.

>>19011668
Same guy. Has to be a paid shill, or some kind of autistic mental break.

Soooooooo the saudis are cutting oil production, secret insider info says dht, nat, and fro are all filing for bankruptcy this week

>>19011788
Only millennial retards trade options and penny stocks someday you will learn (you wont)

>>19011807
checked and kek'd

>>19011807
And yet you are the one bragging about losing 40% on a penny stock

>>19011768
post the full article lad

This general is the greatest thing since $-37 oil. Thank yall for the education

Why the FUDding? I am not selling my tanker stocks. Might actually buy more. All articles posted are old and although rates change all the time, they are absurdly high. DHT has already secured its profit by leasing most ships for the comings at about 14 times the OPEX. They already said they surpassed Q1 earnings in Q2 already.

>>19011549
>1. Contango almost gone
First point is enough to see that you are a brainlet.

Contango is far from gone.
The end of June contracts will one again reveal that there is no storage left.

>"But industry is resuming, people are comuting, demand is back"

Even if that is true, back in April storage was still being filled, listen to any storage broker out there and he will tell you that storage is even harder to find now than is was in April at the end of the May contracts.

>10. Excess ships will be scrapped setting stage for a week recovery in 2027
There are no excess ships. Ships take 2 yrs to build and no one is building them.
Most fleets have decrepit ship running due to high demand, the scrappage of these ship was already priced in for this year.
You would know this if you read the earnings.

>>19011604
>Yes listen to the people who are crying about their 40% losses that's the way to profit
Are you aware that most of this thread bought the dip?

Tankers aren't going bankrupt in the same year where they covered 2 years worth of expenses in one quarter.

You bought puts on the way down and now you are desperate because you see the stock going up...

>>19011877
You wouldn't download a car would you? Anywho this explains it tanklets who buy tankturd stocks are high on marijuana or as kids used to say Mary Jane or The Sticky Picky
>J Mintzmyer on the surge in tanker investors: >'These are people who are normally trading maybe weed stocks'.Photo: John Woike/Marine Money
'Dumb money' loved tanker stocks until it didn't, and that fuelled this week's shares massacre
Analyst-investor J Mintzmyer pulls no punches when it comes to describing how an unruly mob of retail investors wreaked havoc on equities in recent weeks

>>19011909
Rates are nearing all time lows that's why tankturds are exploring bankruptcy not that you understand bankruptcy effect on stock price

>>19011921
Post your losses then none of you have a cent of profit.

How many shares of DHT do I need to get an Asian gf like this?

i wish i was as smart as brandon

>>19011997
Go short on 2000 shares of dht cover at 1 cent, buy used asian female

Holy shit, EURN back down to 10 pre-market. Looks like I was given the chance to exchange NAT for EURN afterall if this stays the same at open.

Also everything today is doing poorly, looks like every stock is down lol.

This was supposed to be our day

>or week....

I think oil jump was temporary. We're already back down to +0.50%

Hmmm. DHT, Euronav, or too late?

Why dont yall post your losses that you brag about so much?

>>19012051
EURN down 4%. Hop in son.

>>19012051
All going to zero by year end so buy now

>>19012053
you'd be scared out of your mind if i posted my position
show us your fucked up puts, brandon

>>19012074
Down 4% is good right?

See point 7>>19011549

>>19012082
Why would I be scared because you lost your allowance on penny stocks?

>>19012087
>Down 4% is good right?


...yes? It is good? The further away it trades from NAV makes muh divvies better.

>>19011997
>used
No, I want a new one like pic related

FRO down 3% lmao that's probably your best day in weeks

>>19012114
Ah yes point#4 yall dont understand dividends
>>19011549

>>19012050
>1 million bpd
HAHAHAHAHAHAHAHAHA I thought there was going to be a serious cut, if anything this is a bearish sign, showing that saudis aren’t really serious about cutting production

Why dont yall stop brandonposting and post either your losses or your favorite tankers stocks

>>19012050
Never mind, oil is back to 0%. Looks like tankerchads are good and algos were just trading the jump.

NAT is only down 1% that's like a tanklets dream come true to only lose 1% per day

>>19012198
I have 1000 in DHT and 3 call options of DHT 6/19 7$

>>19012198
Do you have to lose over 50% to be a tankerchad?

>>19012220
So you lost about $4000 and another 3% today? You might be the smartest of the tankerlets

>>19012264
No, I’m up 5% since purchasing last week

>>19012264
>>19012276

Well. I sold my 500 NAT to buy 250 of EURN. Saving a few dollarydoos on the exchange rate. Might pick up 10 shares of STNG to make up for the differential. Shame I had to sell NAT at a loss, but I felt like this pre-market price difference was a sign being handed to me.

Watch NAT fly up and EURN stay neutral today and make me regret everything. EURN is just such a better company.

>>19012148
So who is right about the dividends?

>>19012264
>>19012276
>>19012293

Why do yall insist on losing money when the streets are paved with gold

>>19012293
Awesome my dude

>>19012315
>100% over an entire YEAR
Hey grandpa I’m glad you finally figured out how to turn on your computer

>>19010845
The dog dick sucker?

>>19012302
Ratios better be aesthetic you rascal.

>>19012293
based

>FRO dumping in pre-market

>>19012309
Stock declares a $1 dividend per share and immediately goes down $1 per share, not only have you made no money but you have $1 in taxable income and a $1 capital loss that may not be deductible . Tanklets will not understand this

I feel both like a genius and an idiot. I just bought 25 shares of STNG pre-market now. I can be an absolute idiot buying all this when it could fly down today, or a genius in that it all flies up when it opens.

>>19012403
500/500/250/25

It is still kind of nice. Doesn't bother me too much.

>>19011991
>Post your losses then none of you have a cent of profit.
Nice arguments loser.

BTW, FYI, I'm positive on STNG, NAT and DHT.
Sold NAT to the normies when the CEO went on Crammer.

You have no fucking arguments, for every news "article" you pull, I have factual evidence pointing to the contrary.

But my friend. This is the stock market. For you cries and misinformation. You must be a lot be losing a lot because you smell of desperation.

People you might convice to sell their shares...
They already left...
People here are holding to their plan, and you showing just now instead of when it was actually dropping shows that you are the one that didn't do DD and thought stock would just keep dropping to ZERO when all the numbers in the accounting reports tell a very different story.

I'll be the one to tell you. WTI will drop bellow 10s on the 18th of May. If you are shorting tankers, get out of the short position because you will keep losing.

>>19012341
Scoffs at a 122% return while he brags about losing 40% yep that's a tanklet

>>19012427
lol he's back to trying to suggest that a company can boost their stock by cutting dividends

>>19012315
what else you got

>>19012427
So you sell before ex-date and buy the dip next day, effectively shorting the drop.

So?

>>19012412
When you invest in taker stocks you lose money that's why they are called takers. Get it? They take your money

>>19012446
I posted my positions, I have no losses

>>19012458
By his own logic today, tankers should be worth millions since they had 0.01 divvy just a few years ago. All his posts are projection. Maybe he got clapped in the market and his wife left him, like Brandon posts are just a train wreck at this point

>>19012469
These stocks are all going to zero why

>>19012526
You still dont understand dividends. Funny thing is they aren't complicated

>>19012534
>>19012556
Hey if you’re so confident then buy some puts, the call to put ratio for many tanners are 2.0+ right now so they’re very cheap

>>19012609
Buying puts on a penny stock? Hahahahah I'm not a millennial retard

>>19012556
So? You already proved you don’t understand them either. What dividend has your time here paid?

>After I complete pre-market moves STNG immediately goes up, EURN goes up, and NAT which I sold falls

What is this beautiful feeling of being proven right straight away? Was this pre-market movement literally just for me to get on the right bus or something? All tankers going up now except NAT kek.

>>19012718
I told you NAT sux

>>19012693
I'm learning lots about the psychology of losers stuck in a stock whose time has passed they panic bought on the recommendation of a conman and cand admit it so they hold as losses mount grasping at the straws of the lies they believed while striking out at the truthtellers

>>19012688
>5 dollar share price for many
>you say going to zero
>5x100 = 500
>ATM put premium = 100
>500-100=400 per contract

Alright this retard is just trolling now

>>19012534
Explain to me how companies that already made more profit first quarter than the whole previous year are going down to zero.

Do you know how to read balance sheets?

>>19012718
Hey if they go up 60% (they wont)you can breakeven

>>19012688
If you have no money put into these stock.
Why are you coming here to spread misinformation?

>>19012773
They aren't going to zero today dummy

>>19012783

Another tankerlet who doesn't understand point 5
>>19011549

>>19012763
Man, think of all the money I could of saved being onboard the right train. Unironically I will be getting a higher divvy anyways with half as many EURN, and overall I have much more faith shooting to the moon with it than NAT. My STNG shares are "for funsies."

>>19012802
I need about 10% overall to break even. It is quite the low bar all things considered. That is the power of DCA down.

>>19012718
Hey dude, really happy for you. Just be careful, these stocks turn really sour after market open.

Watch as tankers dump 15 minutes in again

>>19012863
-10%

That's not so bad, but given that you have been wrong so far what's your premise for the stocks rising when rates are crashing

>>19012885
If they do that is fine, I can tank it. This is nothing compared to a few days ago, absolutely nothing. NAT went back up, but proportionally EURN is far ahead so happy I took the trade at this moment. I realized now I could of had even better share aesthetics by keeping 100 shares of NAT for 500/500/250/100, but ah well. I got heavily turned off of NAT anyways through sheer data.

>gasp, DHT down 2 cents per share, braindumb is vindicated

>>19012934
All the data posted numerous times in the thread. Also simply "holding until oil futures rollover." When oil futures crash, tankers will go up. Also if not then by holding I am literally making money off the divvy so far.

>>19013000
4 CENTS NOW, IT IS THE END OF THE WORLD ARGHSFAGKJJ
Damn, STNG down a good deal though, come on, bounce, don't be my one poor move.

>>19013032
When do the futures rollover? Will you sell if your theory is wrong?

Alsomyou should try to understand how dividends work so you dont fail at investing

Cancelled my existing limit buys to buy more tankers if the price dropped further.

At this rate, when futures expire, the spike we may get will only be enough to bring us back to breakeven points. Unironically hoping to break even, cash out, and put the money into blue chips for the time being

I think what we've learned is market sentiment is overpowering balance sheets right now. All the tankers are reporting record numbers, but people want oil to rebound so much that they dont care. People have to actually buy the stock for it to go up in price and they're not

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Writing puts are your friends

>>19013123
Smart in your case, if you sold calls you would get margin called

>>19013108
>is market sentiment is overpowering balance sheets right now.

>>19011549
Stocks are not valued based on balance sheets, not that you can read a balance sheet. See point 5

>>19013123
Sorry I read buying puts

>>19013123
If you know what you are doing (no one here can understand dividends much less option math)

>>19013087
As a dividend investor, I can tell you definitively you don't know what you are talking about with divvies. They are great ways at making money, and are by and large the most reliable way to make money.

I wouldn't sell if wrong anyways due to divvy payouts. I will decide then what to do after getting money. Also, futures rollover May 19th, so watch 18th and 19th for the day of Oilmageddon.

>>19013198
damn man, it's been days, what the hell?

>>19013108
It has nothing to do with sentiment. The stock market is forward looking and a temporary balance sheet improvement isn't going to magically give tankers future growth worth investing in.

FREE money?

>We did it reddit! We've fixed all oil problems because Saudi cut another million barrels! Let's send it to $30/bb!


God so many people are banking on oil making a recovery it's insane. It's like they're looking for every possible excuse to buy. I feel like the odds are stacked against us 99 to 1. Even the head of oil markets at Rystad doesn't believe this shit.

>https://www.cnbc.com/2020/05/11/oil-news-crude-wti-brent-prices-today.html?__source=sharebar|twitter&par=sharebar

>“Despite the production curtailments that commenced this month, traders start to realize that the size of the supply-demand imbalance leaves little room for optimism,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Storages in the US continue to fill up with crude and we are coming closer to tank tops by the day.”

>>19013160
>>19013238


Every tanker has pretty much locked in higher revenues for Q1, Q2, and Q3 and possible Q4 already. So the next year all tankers will generate alot more cash than expected. So future earnings are all up, yet the stocks are down 8-15%

FRO and other tankturds down another3%

I predicted down only 10% this week so jokes on yall

>>19013245
Looks like people are buying spreads

>>19013233
How much have you lost?

>>19013294
>>19013245
Straddles I mean, my replies to your have almost been as retarded as braindumb

>>19013258
>Q1, Q2, and Q3 and possible Q4
That's mid-term. Growth stocks require high long-term potential 5+ years ahead for any meaningful increase in valuation.

>>19013258
Rates already crashed that's why these turds are down 40% from your buy in

Oh look they are down again

>>19013295
Not sure, don't really care - tankers are only about 2% of my holdings. We're in a bubble, so only when reality smacks the market will prices matter. I'll see you next week friend. I'm shocked you're still here.

>>19013316
Why brag about how smart you are as you lose money and misuse financial terms

>>19013372
And yet you post here more than he does, I highly doubt you're so focused on managing 2 percent of your holdings...

>>19011592
I have no fear nor shame.

>>19013344
>>19013352

it's reasonable to still expect a moderate stock price increase even with just "mid-term" revenue increases. Not to mention using that cash to pay off a lot of debt.

And even if the rates "crash" back to normal - the tankers are still all viable business at regular rates. In any case, I've decided to not put any more money in

>>19013254
It really is stupid, I don't want to touch oil with a 10 foot pole right now. The price rallying makes no sense at all, and I feel split between "maybe we will ignore reality" and "oh dear god, this is going to be worse than April and send pessimism to the absolute max possible once it plummets down I hope 401k's can even survive."

>>19013395
>48 posts
>you post here more than he does
>2 posts
I take this bait to call you a stupid retard because you need to hear it from as many people as humanly possible.

The conference call yesterday revealed to the world the stuttering effective and profitable management that run this scam. Price has already tanked 10%. Once it breaks through the $6.30 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $5 mark, unabated FEAR will ripe through all TANKies. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing Robinhood. The $3.70 mark will be met, the largest panic in history will ensue. The final deluded call options will begin to go to zero, and wagecuckers with their engineering salaries loaded up in DHT will be left with it stuck in their portfolio, unable to event market sell it for zero to salvage some self respect. The price WILL tank at this point to sub $1, and most probably sub IPO levels. From that day forward the deluded TANKie wagecucking engineering nerds who bought this stock thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Deluded TANKies will hold bags FOREVER, with no job, no money, and no profits. I warned you TANKies. There’s still time to get out. Sell NOW. Don’t be deluded, don’t be an TANKie.

>>19013376
Again, retard, I posted my positions
>>19012312
>>19012293
I have made money.

Now post yours

FRO down from $13 when yall bought now it's under $8. How much pain can you take? This isnt the loser yugioh collectibles barn yall are supposed to make money not burn it

>>19011490
>>19011575
Globalism is dying. Trade routes that are open now won't be open to different companies later or else they'll get hijacked by countries that want whatever they are carrying. Go look at the friction between China, Japan, and Taiwan for a microcosm of the shitstorm that is going to occur. By all means catch a pump n dump scam if you can, but gtfo with profit.

>>19013448
ok

>>19013410
What did you save up your lunch money for a week or have you lost 99% of your investment?

>>19013448
Lol, negative oil prices in a week, eat a bag of dicks faggot

>>19013411
All this cash they made never happened and rates are going down because no one needs tankers anymore

>>19013435
Watch how most people would come to us when oil prices fall negative again

>>19013435
There's just boundless optimism in the oil market that's it's all going to be sorted out. I don't think people understand how capitalism works, these oil companies will not slow down production until they are absolutely forced too. It's like everyone has this blind faith in the government or corporations to solve everybody problems. There's literally no coordination between the two entities so how are we suppose to expect an entirely efficient market that just fixes itself? Time and time again we see this fall on the back of taxpayers and consumers somehow. Oil will pump until they have to be bailed out. It's just the American way.

>>19013524
>>19013506
never going to happen, thats just pure delusion

Stock market goes up tankturds go down
Stock market goes down tankturds go down even more

FRO down another 4% today tanklets celebrate their losses and attack Brandon(me)

>>19013448
So you’re an engineer who got your job outsourced, you put your life savings on tanker puts, and now you’re scared you’ll get clapped when oil goes to zero? Am I understanding this right?

>>19013448
lmfao 10/10

Holy shit everything is RED

>>19013534
Sell calls and send me the screenshot if you’re so sure

>>19013518
well according to over 4 earnings calls, they've all made a lot of cash and will continue to for the rest of this year. not sure why you think they're not making alot of cash right now?

>>19013469
dr;ns

>>19013534
You're scared. You wouldn't be here begging us to sell.

>>19013458
Dude if you are invested in this crap you must have huge losses in weed stocks or cramer stocks or meme stocks etc

>>19013633
>yeah you beat me this time but I’m sure you’ve been wrong in the past hur hur

>>19013617
dude's got puts that won't print
you can sense his excitement mixed with frustration

>>19013591
https://www.forbes.com/sites/pamelaambler/2020/04/20/coronavirus-casualty-singapore-oil-giant-files-for-bankruptcy-amid-price-war-and-covid-19/#47d3892613ad

Tankers making so much $$$ they are filing for bankruptcy

Ohhhh tankies... ready for another week of selling? It couldn't be you made another dumb fucking investment again could it?

>>19013647
This. It's too obvious at this point.

>>19013646
You made like $100 in one stock but you aren't showing your losses

>>19013524
It will be glorious.

>>19013533
it truly doesn't make sense the optimism. Especially if you are informed about the current state of the oil market, the cuts just aren't working.Yet oil prices rise. The question is, is big money this stupid, or are they doing it on purpose just to bring about the biggest panic possible? You can't be having this speculative price when the real value of oil is still like a dollar or two per barrel if you go buy it, this is ridiculous.

>>19013582
Yep, in a very, very, very strange turn of events. Oil price is up again so algos are selling, just how it goes. Market wants to play around today.

>>19013666
You don't read your articles, do you Satan? That is an oil company, producing oil. Tankers they own are a subsidiary and filing in order to protect themselves from the parent company's bankruptcy.

>>19013666
A corrupt Chinese company that was in extreme debt and owned physical oil filed for bankruptcy.

> The company’s founder and director, Lim Oon Kuim, 77, was cited in the filing as taking responsibility for directing the finance department to conceal hundreds of millions of dollars in losses from appearing on the company’s financial statements.

Lim’s only son, Evan Lim Chee Meng, said in a separate filing that his father sold a chunk of the company’s oil inventories and used the proceeds as general funds, even though the barrels were pledged as collateral to secure loans from banks.

Were you just hoping nobody would read the article or something?

>>19013701
Those were my overall gains since purchase idiot, DHT didn’t go up 6% last Friday. Jesus Christ why are you still posting

People here that have already lost 40% and been wrong about everything are much smarter than these guys at Diamond S

>Diamond S Shipping (NYSE: DSSI) capped a blockbuster run of tanker earnings with an announcement of huge profits and a record quarter, just like the other four listed owners reporting this week.

But the Diamond S conference call on Friday was not a predictable sequel to calls with analysts the days before. The mood was less uplifting and self-serving, more foreboding and straight-shooting.

Diamond S CEO Craig Stevenson and his CFO Kevin Kilcullen did not mince words about the trouble they see ahead — as soon as the third quarter, earlier than implied by tanker executives on prior calls.

Focus on caution

Stevenson is veteran of the tanker industry and the former CEO of OMI Corporation, the company that famously sold its entire fleet in 2007 for $2.2 billion at the very peak of the boom, leaving buyers Teekay Corporation (NYSE: TK) and Torm (NASAQ: TRMD) holding the bag when the financial crisis struck.

Honestly it is pretty annoying to wake up and see my tanker holdings contract but the contraction hit almost everything I have anyway and seems to be a general response to record unemployment. People are still trying to rally oil, and it's working, but it's working on the barest level and that gives me confidence.
It also helps that me and the other guy in the last thread were right to buy some SCO which is already up 2.5%

>>19013732
Every normie ust wants to buy the oil dip since it went negative. They don't realize that supply outstrips demand and that oil companies are still pumping since prices are an good level at the moment.

>>19013732

No you didn't read the article not that you would understand what bankruptcy is


>Evan is also a director of Hin Leong and its subsidiary Ocean Tankers, the group’s shipping arm which claims to own a fleet of more than a hundred oil tankers, but also filed for bankruptcy protection from creditors under Section 211B of Singapore’s Companies Act. Both companies are solely owned by the Lim family, according to company filings.

I don't get why the goldman shills have to bother spending time spreading FUD on this board lol. They already have the power to manipulate the price, what's the point of spending the day with us autists. And anyway, they're just gonna pump the stock after the may 15 calls expire.

Its not even a big investment for these guys, why do they have to price manipulate everything

>>19013814
Probably just some interns trying to get a job offer

>>19013666
>Hin Leong Trading, one of Singapore's largest independent oil traders, said that it failed to declare “about $800 million in futures losses over the years,” Reuters reported, citing a court filing dated April 17. The company is seeking a six-month moratorium on its roughly $3.85 billion debt load owed to 23 banks.

They got fucked because they were holding oil barrels as collateral for bank loans. They got fucked by the drop in price and didn't make profit because they were using the own tankers as storage.

Actually bullish for tankers. Less competition.

>>19013814
>why do they have to price manipulate everything
Do you even need to ask?

>>19013814
I dont understand why goldman shills have to bother spending time spreading FOMO on this board lol. They already have the power to manipulate the price, what's the point of spending the day with us autists. And anyway, they're just gonna crash the stock after the may 15 puts expire.

Its not even a big investment for these guys, why do they have to price manipulate everything

>>19013780
I bought oil a long time ago, sold it off because the writing on the wall after opening doing nothing was obvious. They got to get smarter than this by now, or at least someone on CNBC or something has to have the balls to say "this isn't bullish, you all have been warned, get out before the supply caps fill up." It isn't a "maybe" anymore, all recent reports confirm we are indeed on this track now and all new cuts like what Saudi Arabia announced start way too late, we can't just "cut right now" to stop it.

>>19013802
You just ignored >>19013735 providing context. Done with you shill, you stopped being fun to mess with and now you are putting in truly minimal effort.

>>19013814
Because hand rubbing intensifies.

>>19013855
>he thinks those 100 tankers disappeared like his investment in FRO

>>19013869
Yeah fair enough. I know they're all jews, but the profit they're gonna make is really small compared to other lucrative investments they make. I guess its just really wild to see price manipulating in real time like this. They really have to claw over everyone just to make a dollar.

>>19013475
Global trade is fucked, you're right, that's why we're looking at tankers rather than standard shipping - different game that is informed by different factors.

>>19013814
>I don't get why the goldman shills have to bother spending time spreading FUD on this board lol.
These guys must be holding puts ending may 15.

The fact that they only got to the thread after the stock hit support lines is pretty indicative.

>>19013879
You might be done with me but you aren't done with losses, FRO now down another 6% that make you happy loser? You like being humiliated?

Can't hold this much longer....

>>19013914
>Demand for tankers is down 50% retards gunna retard

>>19013890
Do you actually know how many tankers there are? 100 isn’t trivial, dumbass

You know, legitimate question, everyone knows these stocks are clearly wrong. Wonder if we are going to get stock buybacks, they were kind of made for situations like this. That would be kind of cool.

>>19013879
Get that 2d kike off my screen pls

>>19013950
Losses are good that means your strategy is working

T. TANKIE

>>19013950
You only need to hold it this week. It was going to drop today no matter what, because everything dropped. And even if nothing dropped, we were all predicting a final shakeoff before Thursday anyway.

>>19013934
yeah but surely they can't be holding THAT many calls where they would lose an insane amount of money if we actually made a profit. These guys operate on the scale of hundreds of billions. How are us retail investors a threat to them? Lmao, I hold calls from may to July, but what in the world man its not like they're gonna lose even a billion dollars if they let the price naturally go up like it wants too. Why the need to intentionally sink a good stock? I doubt us retail bag holders make up more than 200million of their calls.

>>19013967
should we get this guy to a doctor? I think he's sick.

>>19013954
>he thinks those 100 tankers disappeared like his investment in FRO

FRO down almost 50% from when yall bought and you cant stop bragging about your smarts

>>19013957
If they borrow money they can buyback shares and go broke faster

>>19014009
Look retard, unless Saudi Arabia has a full blown civil war before oil futures rollover, nobody is going to sell, so just stop being annoying.

>>19014051
Isn't that what's happening in every sector of the economy anyways?

>>19013994
Autism and delusions of grandeur are a toxic mix.

somebody's after my UCO puts

>Tanker rates have stabilized and actually increased 5% for VLCCs.

>Oil news means that other nations are not cutting.

>"SHORT THE TANKERS THE WORLD IS BACK TO NORMAL"

I can't believe this clown market.

>>19013984
The tanker whale on this general has less than $200 in the market yall need a better excuse for losing half your money

>>19010682
GOOD MORNING TANKERLADS

Today I will post on why my exit strategy is within May vs June or July, with some charts that I think people missed late last night. I hope we can have some good exit discussion and all learn from each other.

>>19011549
>now mad at all Brandons
Brandon?

>>19014061
Good. Please dont sell this is fascinating

Call your mom anons, because we're either about to be rich as fuck or financially ruined.

>>19013984
How do you think these big fish got to be so successful in the first place?
These companies are full of individuals trying to outdo each other and they dont care how many small fry they step on to do it, we are literally just numbers on a screen to them.

>>19011754
This is WRONG, he AVERAGED 1 POST EVER 5 MINUTES KEK

>>19013879
If you wonder "are these people really that stupid?", Just got watch the big short- you can have solid data backing up your position but people will see what they want to see. We haven't even seen the bankruptcies / foreclosures hit yet, combine that with oil failing for a 2nd time and I can see it triggering another market leg down.
>>19014083
You have less than $200 in the market, but you're here shilling?
>t. delusional robinhood trader had spent 3 days and hundreds of posts trying to convince people to sell so his puts will print
WE HAVE THE ANSWER BOYS

>>19014069
No, that's what already happened but it stopped, Tankies dont understand point 5

>>19014141
Millennial retards think boomers use robbinghood

>>19013032
got creamed on FRO, fuck

>>19014130
we gonna bart or lisa?

>>19014090
My personal exit is around Q2, but may extend to Q3 depending on how this plays out. There's no stopping oilmageddon, and evidence is already mounting that a 2nd set of lockdowns might happen in the west. None of those things are bullish for oil.

>>19014090
>FRO down another 7% today holy shit

DONT WAIT TOO LONG THESE TANKIES ARE SUICIDING

>>19014061
these threads wouldnt exist if bagholders like you didn't plan on holding at a loss indefinitely

you're trapped here to dance like a monkey for us while you think up increasingly unlikely scenarios that involve you regaining your losses

>>19014173
I have no fucking idea but I am getting absolutely shredded right now.

>>19014090
FINALLY, A WORTHY POST!

My exit strategy in on the 19th of May.

>>19013032
I made EURN my third position over STNG. EURN just seems the most stable and the lower price of EURN made it a better but-in. Sucks that it went down 11 cents immediately after I bought in, but whatever.
On the other hand I'm bleeding from the ass on FRO.

The futures for June are getting tighter and tighter, we're about to blast off in one direction and I'm partially terrified. God.

>>19010682
Demand is already showing hulk smash-tier strong signs of recovery. Investing in these tank stocks is incel

THAR SHE FUCKING BLOWS BOYS

>>19014198
>posts by this id

I’m up on my investment so far, and if oil prices don’t crash at next rollover I will admit you’re right and sell my positions. But we both know that’s not happening

>>19011977
>All time lows
>Graph's lows goes back to January, which were the first historic highs for the tanker industry until march obliterated records

>>19011921
Great post
>>19011950
Reddit so obvious
>yall
>im le booomer hate me lel
>download a car

>>19012315
KEK BRANDON THESE ARE THE NAT's OF GOLD HAHAHAHA
>t.gold insider

>>19014283
>But we both know that’s not happening

This is the best general on 4chan thank yall


Ps yall been riding this down all the way from $400?

>>19013966
No, I think she is cute. I would go to Temple with her.

>>19013978
Shakeout is working, I laid all the facts and figures to some relatives and even said "gotta hold, probably gonna get a shakeout or not much profit this week due to May 15th options contracts." Already exited. I now know 0 normies in tankers anymore, none whatsoever. They all think the stocks are dogs and refuse to believe the company's are profiting because "stock would go up if their business was good." Goldman Sachs has won over the normies.

>>19014141
>you can have solid data backing up your position but people will see what they want to see.
So much this. Except reality is inescapable when futures rollover, it all goes back to the real value. And the panic this will cause will chop off a leg rather than just move it down. This economy is collapsing, the writing is on the wall and no one cares. Jobs aren't returning, small businesses aren't getting their loans, no one paid rent, bankruptcies will come soon, but no one cares.

>>19014169
I am very uncertain why FRO specifically is getting hit harder than the rest. Is this retribution for pushing earnings back perhaps?

>>19014230
I did too, my STNG is there for funsies and I plan to sell without holding it for long. I just though "good deal" and got creamed for it. But it can go back up, so whatever. I bought EURN at 9.99 so I am fine right now.

Mondays, am I right ya'll?

Absolute crunch on the June contracts, no idea why we're not in free fall as of this moment.

>>19014340
NEVER SHAKING

>>19013448
kek

http://classicvalueinvestors.com/2020/05/10/most-important-chart-for-tankers/

https://twitter.com/JHannisdahl/status/1259615025095999494/photo/3

Great links to read boys

Hahahahaha what's this pattern called, pre bankruptcy?

>>19014426
nobody here is in NAT

>>19014406
>$14 strike

I’m a huge tanker bull but this makes me very nervous

>>19014451
it's play money
plug the numbers in and see how much fun it could be

>>19014397
Because you are wrong about everything


Stop buying high and selling low yall

At least stop bragging about how much you are losing

>>19014340
>Is this retribution for pushing earnings back perhaps?
Not retribution but it certainly plays a part.

Why would a company do that?!
It's not like they can report the best part of the year by puching back the publishing. It's still Q1 earnings.
What are they going to publish? Q1and a half?!

Desu, I'm why more mad at RTX dropping like a rock. These companies need to lear earnings publishing from Tesla.
Tesla can make a turd earnings release look at a diamonds!

>>19014283
>I’m up on my investment so far, and if oil prices don’t crash at next rollover I will admit you’re right and sell my positions.
On the same boat.
Bearish view on tankers is betting on the decrease of contango. But like in the 20 of April, a lot of "smart money" is gonna go tits up.

A friend of mine actually knows a guy that lost over 50k because he bought "cheap" CFDs on oil when it was 14$ a barrel.

I JUST BOUGHT 500 MORE SHARES OF DHT!

WE CAN STILL WIN THIS!

WHO WILL MATCH ME?

>>19014397
>July oil futures down
>June oil futures up
Nani? What is this market? And what the unholy fuck is this chart you give us, that just isn't right my god. Someone is gonna sell hard and fast.

>>19014406
Kek, thatta boy.

>>19014450
Not anymore at least.

>>19014303
newfag

>>19014503
>Desu, I'm why more mad at RTX dropping like a rock.
dozens of people have been warning against buying into RTX, why anyonne fell for that retarded move ill never know, maybe you're brand new and didn't know any better or something

>>19014503
FRO is....idk, the earnings thing is confusing. And it isn't a small delay, but a massive one. I won't believe they would be the only tanker not profiting, so I assume it is for a reason. Also I got out of RTX at 60, this drop you could of saw from a mile away. CEO's report was bearish af, and algos treat it like an airline for some reason so it was bound to fall.

JUNE CONTRACTS


>AAAAAAAAHHHHHH

P
I
C
K

>A DIRECTION

>>19014504
Fuck it, I’m in

>>19014411
>will likely collapse tanker share prices in the 2nd half 0f 2020

Hahahaha these tanklets are already getting crushed this is GOLD jerry, gold I say

>>19014467
I picked up 6/19 10c on DHT. Hard to ignore at $0.09 given the upside potential. These are gambles sure, but calculated ones.

>>19014580
>algos treat it like an airline for some reason
maybe because 50% of the company is in commercial aerospace? Do you do any DD at all?

https://splash247.com/scorpio-bulkers-offloads-42-8m-worth-of-scorpio-tankers-shares/
Finally we know why stocks dipped last week on bullish earnings

>>19014504
Goldman getting desperate for new baghodlers as FRO tanks another 6%

>>19011909
I actually bought more today. Real bullish on TNP. Been bullish since April. One of the big boys moved in on it last week, bought over $2MM shares.

Not sure what our resident faggot fudder is trying to accomplish but he likes to call us retail that got in on the sector after Jim Cramer moo'd about it on fast money. Truth is us big brains have been in on it since mid mar to mid April. Apparently he thinks fudding on a Mongolian basket weaving forum is going to make his puts print.

The reality is he's a delusional retard with a beginner level understanding of macro; so that makes him an expert on oil.

>>19014634
Another tanktard who doesn't understand point 5
The losses will continue
>>19011549

>>19012401
Yeah him. Hes a real bitch

lots of activity on aggressive UCO puts

>>19014593
Kek

>>19014612
There is a fundamental difference between making airplane parts and actually taking people on flights. Yes it should go down, but what I meant is that algos shuffle it in and make it move in unison despite its defense contracts and despite manufacturing. It wasn't a comment of "they aren't in the aerospace industry" and more of "algos don't give a rat's ass about context."

It deserves to go down either way, it is just my autism about it.

>>19014634
Makes sense, but also "why hurt yourselves like this?"

>>19014681
I also bought 100 shares of TNP in addition to my STNG funstack and my EURN serious stack. I remember the thread about the big boy moves, it gives me confidence too. Future price movement will dictate if it is a fun stack for me like STNG too or if I just hold despite margin. Either way given its fall and given how not far it is from lows, I give no fucks margin dipping extra for it, the downside is not bad in the slightest even if the worst happens.

Gonna be a fun week

>>19014681
Tell me more about TNP - it's looking quite enticing today.

>>19014681
Only one person made any money on these tankertards and that was $200 everyone else has lost thousands, one bagholder lost thousands today. Enjoy your losses chumps

>>19014745
>There is a fundamental difference between making airplane parts and actually taking people on flights.
You're right it actually should go down more than airlines because the airlines will recover before they ever need to expand their fleets.

>>19014746
When a tanker stock falls from $400 to $7 why do cucks call that a chad?

>>19014519
Oh fuck, what have I done?!?!

Hold me, NAT bros.

>>19014600

Read the rest of the report newfag, and realise we're either in here short term or holding to 2021, when market looks enters /SUPERCYCLE/ collecting divvies along the way

http://classicvalueinvestors.com/2020/05/09/why-are-you-so-fearful/

http://classicvalueinvestors.com/2020/05/10/most-important-chart-for-tankers/

Read these everyone and check out pic

Post your Newmont and Barrick positions btw I need a hearty kek. You likely missed the dip anyways and missed out on a sweet 2x in the gold sector

> when you lose your entire investment but still think you were right you might be a tanklet

>>19014746
Why NNA over DHT, FRO, EURN, TNP, etc.? Can I get a redpill? Still massive kek though

>>19014769
Fair point, but there isn't a reason to argue over this I still saw the drop coming and got out a good while ago at profit.

>>19014819
Please, we all know she is hopping onboard the tankers too, she is just trying to kick the goys out first.

>>19014722
You have 75 posts anti-shilling tankers on a tsg thread and counting, I have 2 posts, maybe tankers were a misstep but I would rather spend my time looking for other opportunities rather than spamming a single thread on biz. Who's the real tard?

>>19014612
>maybe because 50% of the company is in commercial aerospace? Do you do any DD at all?
Gross exaggeration.
Though, give it to you, it is enough to bring the price down.

Also, including Otis and Carrier in the RTX earnings was dumb as fuck.
With the upcoming real-estate bubble crash, Otis and Carrier will lose a lot of business.
On short term they are good investment.

But RTX is a good long term play. Their defence contracts give them stability through this and with the merger they are better positioned for the future.

>>19014859
You dont even understand how dividends work so your advice is worthless

>>19011286
Based African pirates sitting on juicy insider data.

>>19014888
>Gross exaggeration.
https://www.rotorandwing.com/2019/06/10/raytheon-utc-aerospace-businesses-combine-74-billion-aerospace-defense-company/
>The company’s aircraft engines, which are sold through UTC’s Pratt & Whitney division, are used on Boeing and Airbus passenger planes.
>Domestic business would represent about 55 percent of Raytheon’s sales and international around 45 percent. Sales are expected to be about 54 percent defense and 46 percent commercial.

>>19014871
NNA is losing money less fast than the others so that makes it smart to buy. Like wouldn't you rather lose 30% than 70% duh

T tanklet

>>19014746
HAHAHA LEGEND

kekekeke

>>19014871
He must have been drunk when his financial advisor asked him
>Mr. Carroll, what stocks do you want in your trust fund?
Maybe a Navios tanker floated by. Maybe he used to work on one in the good ol' days. In any case, he put almost $9 milllion into NNA xD

>>19014874
And your stupid gamble is down 50% from where you bought including 5% loss today. But you brag about losing cuckboy that's the millennial way

>>19014897
You missed the 2x, fomo'd in, and then youre going to miss the 4x and 5x in the sector kek. Really if you're in bail now I'm going to be nice to you for one second.

Or is the FUD? hmmm

>>19014986
Tanker stocks are like airline stocks they always go down, insiders get rich and tanklets take the lose while declaring victory

lmao why the fuck did I think this was a good investment

The more I look at these turds the dumber yall look

https://oilprice.com/Latest-Energy-News/World-News/Oil-Tanker-Rates-Plunge-More-Than-50-As-OPEC-Cuts-Start.html

Remember tankies losing money as fast as possible is the goal

>>19014986
lmao, it is great. If all this shoots up he is unironically going to be a Chad among Chads, I love it. 0 fucks given, just put it all into Navios kek.

>>19015189
Simping for boomer insiders who got free shares at your expense is peak millennial

you fuckers lied

>>19014947
Pratt & Whitney is huge in the military and private sector. They make the F-35 engines, helicopters, small planes.

Certainly doesn't justify their price being lower then when they weren't even merged.
Also, before earnings they got to 68$ a share.
Their books are ok, but their presentation was awful.

>>19015460
Did you completely ignore the article? If you want to larp like RTX isn't 50% exposed to the airline industry then go ahead but you'll be hurting quite awhile on that denial.

>>19015505
Do you think they will go even lower?
55$ seems the lowest..

Go down with the ship. Follow along with one of the tankerchad indexes.

https://pastebin.com/zVfnzhQs

So far, big-money-weighted made a new 10 day low and sunk below both moving averages, meaning institutional investors are behind today's selling.

Overall this is just a continuation of the down-trend since april 28.

Jesus fucking Christ this is worse than /smg/ one red day and it’s the end of the world

>>19015589
They could very well reach $30 though I don't see them go lower than that and even $30 seems low.

>>19015597
>meaning institutional investors are behind today's selling
Inference made by comparing the change relative to the other two derived indices? I'm too lazy to figure this average out.

>>19015589
God I hope so. My dream is for tankers to rise, I sell 50-75% and leverage it into RTX and maybe some primo bluechips, keep a few hundred to play with swinging penny shit

Commencing Post on Why I'm Selling in Late May, and will buy back in in late 2021.

>READ FIRST
https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

So /tsg/, my current prediction is that the overall SPX has a high likelihood of rolling over in June of this year. A sinking tide lowers all boats.

But this is nice, as it coincides with my expectations of a bump in mid to late may in my tankers, and as well my tankers have been swinging from higher highs and higher lows all along the way.

This has multiple factors.

Firstly, markets have had the age old saying of sell in may and go away. Sounds like BS right? Looking back, there has been a slight trend, but not enough to warrant worry. Well not if you examine MAY BEAR MARKETS only, and make no mistake we are in a bear market; if you disagree we'll just have to agree to disagree on this fact.

Observe chart 1 of SPX, I've marked out the ONLY may of the bear market. Interesting right? Bear market rally, with a crash during and after may. But 1 graph isn't enough, we need to go deeper. Lets look at the Dotcom crash.

>>19015597
Yah it's reversal time. We're way too close to 30 RSI and oil futures are dropping the ball. It will ease up.

>>19015686
No here at tankertard general we love giving our $$$$ to goldman. We are hodling to zero

>>19015183
https://oilprice.com/Latest-Energy-News/World-News/Iran-Quarantines-Oil-Rich-Region.html
OH NO NO NO

>>19015721
Tankers have already lost 50% recently and 99% overall so good luck moshe

>>19015741
Why not sell now before you lose another 50%?

>>19015721
Got to admit, should have left RTX at 65ish.
This drop was predictable.

Anyway. My VTIQ kicked in so the day was saved by the wildcard.

Tankers will rise will the end of contracts.
But then, within this year Oil will reach record highs if there isn't a second lockdown.
They are shutting down stuff that takes alot to start pumping again and if demand goes to 80% of what it was before, there won't be enough oil for the demand.

>>19015788
Oh no the country which exports no oil did something irrelevant. Must be why tankers are crashing again

>>19015741
i need this for my bearcope

>>19015863
Have you ever made a profitable trade or do you just follow reddit off the cliff

>>19015741

Chart 2 shows SPX in the DOTCOM crash. Again, we`re seeing correlation with bear markets and post May crashes. This one follows the trend very closely. I included the first may in there for sake of authenticity, as technically its part of the bear market as it had reached it's last highs. However, consider that the Market was still running on ATH euphoria and expecting even higher rallies.

>>19015863
I really do not think there will be a second lockdown. That's why I'm holding on to half my oil investments ie. GUSH, OXY. Oil will eventually rise, and it will rise insanely hard, it's just a matter of waiting. And if it never comes back we have bigger problems anyway.
These tankers are a medium hold for me. I don't expect to short it, I'm a loser if I sell now guaranteed, and I think that they will rise. In order to hedge a bit I bought some SCO which is already doing well.
Eventually I'm going to buy back into oil, probably HAL and maybe MRO, I just don't know when. Or maybe go for something juicy like XOM, who knows.

>>19015917

>>19015863
>Oil will reach record highs if there isn't a second lockdown
>if demand goes to 80% of what it was before
You're reaching for shit that has something like a sub 20% chance of happening.

>>19016042
It's pretty certain to happen, the question is when and personally I don't see it happening until 2021-2022.

>>19015936

okay lets pull back to 2 more major bear markets. Chart 3 shows another after may drop in 1990s bear market. Interestingly enough the previous bear market to that, the left line, has no correlation, although there was a dip post may, before rallying to ATHs. The market crashes in October, which I'm not going to consider as a post may crash, otherwise all crashes are post may.

>>19015686
If you haven't figured it out yet, he's spamming as at least 3 anons. We're not allowed to have a general because he's losing money on options.

>>19016067
>within this year
>2021-2022
these are different. Sorry for the 'tism, but this kind of discrepency will seems like it will be a huge factor here.

>>19016100
That's what I'm saying: he's being overly optimistic about the timeframe, but not about the event.

New thread:
>>19016126
>>19016126
>>19016126
>>19016126
>>19016126

>>19016099
Sorry not sorry you bought stock and lost half your money based on Cramer's reccomend. Everything is my fault .

T boomer

>>19015741
>>19015936
>>19016078
These charts are very interesting. So you are suggesting though to sell tankers too because everything will likely go down?