/biz/ - Business & Finance

so how does this tanker sector work? when does it lose and when does it gain? I'm trying to get into this market but cant wrap my head around it

>>19087191
It apparently just dumps uncontrollably when they make money

>>19087191
lately it just loses more and more

>>19087093
>I don't see a 1 day -100% drop next week
people who know wtf they are doing have stopped buying front month entirely

which means the only people left buying WTI are.........................

it's not a question of whether or not it's going to crash. it's a question of how will it even bounce back up at all, when anyone who's got money and knowledge is already TWO MONTHS into the futures?

Comfy divvies and good returns will come to you, but only if you reply "HOLD ON SEA CAT" in this thread

I keep holding and holding but it keeps going down. Why am I such a retard that got in at the top a few weeks ago.
>FRO at 10
>DHT at 8
>NAT at 7

>>19087191
Tankerturds go down goes down four days out of five . Buy in 5 weeks when board baghodlers capitulate

Quick summary of what some of the companies cover.
>DHT
Total Fleet: 27
Focus: Crude Oil
>Eurn
Total Fleet: 75
Types: Crude oil, offshore
>fro
Total: Fleet 69
Types: Crude Oil, product
>nna
Total: 46
Types: Crude Oil, Product (Petro), Chemical
>stng
Total: 138
Type: Product
>tk (includes tnk, tgp, too)
Total: 130
Type: Crude Oil, Product, Natural gas, offshore
>tnp
Total: 58
Type: Crude Oil, Product, Natural gas, offshore

>>19087287
same, wish i sold for a loss a week ago, now it’s fucked for years

>>19087287
>1 post by this ID

REMEMBER LADS,
>COLD
>DEAD
>HANDS

>>19087287
Always do the opposite of what biz does , free money

ID: gu6HRbQI

found brandon
filtered brandon

1. DO NOT RESPOND TO BRANDON

>>19087310
Make that 2 posts

shills in fucking overdrive today

THIS IS THE FINAL FULL DAY OF SHAKEOUT

tanker stocks are dead. earnings didnt do anything, contago gone, oil demand rising. time to sell and move on

>>19087191
Keep in mind the shills are out. Essentially with this oil surplus, tankers are making record profits holding all of this surplus oil. So right now the companies are doing amazing but the market is fucking with their stocks. We will be experience major gains later this month and in June when oil contracts roll over.

>>19087343
post your position

>>19087358
>1 post by this ID

>>19087358
i’m thinking you’re right, there’s no clear bottom with negative market sentiment

>>19087361
i think they're fucking with their own stocks so they can do buybacks

they're flush with cash right now and haven't done one all year but they did multiple buybacks last year

we're supposed to believe they just AREN'T doing them right now before shareprices skyrocket when they have mountains of cash?

>>19087407
or they have good reason to believe we haven’t hit the bottom yet

>actually physically overflowing
>being stored in salt mines and abandoned caves
>costs 200x more to rent space than the commodity itself

MMmmMMY YES MuHHHHH $27 DDOLARS 4 BARRELS PLZZZ!?!

sorry what's the bear thesis again?

>>19087283
HOLD ON SEA CAT

>>19087361
Why dont you stop shelling these tankerturds

>>19087148
Minus 300 euro now. Don't give a shit although the red is not nice to see of course. It will all be fine and I might even buy some more when it goes down further this week.

ID: ad+Pb0bB
added to brandon filter

>>19087437
If the market hates tankers there’s no amount of logic that will make the price go up

the market can remain illogical longer than you can remain solvent

>>19087283
HOLD ON SEA CAT

WHEN I GET TO HEAVEN
SAINT CARROLL HE WILL SAY
"HOW'D YOU MAKE MAKE YOUR LIVING BOY?
"HOW'D YOU MAKE YOUR PAY?"

I'LL REPLY WITH A WHOLE LOT OF ANGER
TANKIE STOCKS AND A LITTLE BIT OF DANGER

WHEN I GET TO HELL
THE JEW HE WILL SAY
"HOW'D YOU MAKE MAKE YOUR LIVING BOY?
"HOW'D YOU MAKE YOUR PAY?"

I'LL REPLY WITH A BOOT TO HIS CHEST
I MADE MY LIVING PUTTING THE SHILLS TO REST

>>19087437
see
>>19087242
this is going to be catastrophic

>>19087424
Stng has already started buybacks. They may have been done to give liquidity too their partner who needed to dump shares

>>19087308
You're an idiot

>>19087486
/Tankers and cash (and a bit of natty gas)/gang does not have that problem

>>19087377

Reasons tanker stocks are crashing to bankruptcy and how to profit

Try to stay focused on the fundamentals people (because I put the fun in fundamental get it?

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. Br#ndon told them much of this and they didn't listen and already lost money; now mad at all Br&ndons
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 weak recovery in 2027
11. When the board bagholders capitulate we will get a 30% bounce
11.5 this will happen in 5 weeks and this general will disappear that's your sign to buy
12. Then down to zero on bankruptcy by June 2021

None of this is refutable

>>19087283
HOLD ON SEA CAT.
The market sea be a spiteful mistress but she be changing tides soon enough. Hold fast me heartys

>>19087561
good

1. hodl
2. wait 2 more fucking trading days
3. there is no step 3
4. profit

>>19087569

>>19087529
>stock buybacks will save us
next you are going to post a TA chart on why these stocks will go up. Give it a rest

>>19087533
According to the last month of downtrends I’d say you definitely have that problem.

Can someone explain why all the tanker stocks crashed? Oil spot demand is low, contango is on, and there is a supply glut. I don’t understand the market sometimes.

>>19087529
Stng buying stock then it went down another 20%.

That's why these stocks all go to zero destroying capital is not a business plan except to tanklets they all brag about losing

>>19087283
HOLD ON SEA CAT

>EURN 244
>INSW 50
>TNP 863

shills are absolutely losing their minds over the past 24 hours
can there be any doubt what's about to start

>>19087630
When people perceive the sector to be invaluable long term then a downtrend occurs. That’s what you’re experiencing now.

>>19087657
>the whole 2019 run up was debt based buybacks at the ATH
jesus christ man.

>>19087561
Why do poor people waste their cash on these instant loser scratchoffs. Like dude you have so little money of course you are dumb find someone who issnt dumb to help you

these shills have me so fucking excited

HOW CLOSE ARE WE TO THE BIG PORT

>>19087630
Duh like why do stock go down when you have no customers for the next five years

>>19087598
>>19087657
I'm just averaging down. Your guys pathetic FUD doesn't do anything. It literally just bumps the thread to the top. More morons are likely to buy in from your actions than stay away.

>>19087708
It’s sad because of echo chambers like this thread where they encourage poor people to keep throwing money away into bad sectors and continue to double down. It’s cruel.

Had to go for a bit, came back and we made a bit of a recovery. Nice. Will make my day if I filled my margin on the literal bottom.

>>19087132
I find it unbelievable really. Makes me also think we might see one more day of dumpening tomorrow just for the extra omph on contracts, gonna prepare to deposit more on that day if so to buy because fuck that. But really, just how do they expect to avoid this collapse? or is it just highly manipulative fuckery that is going to make the market lose all credibility?

>>19087242
But what happens then? If no one is buying or selling in earnest, does the price freeze if they just don't do any buying or selling? I don't know what happens if literally no one trades.

>>19087283
HOLD ON SEA CAT

>oil is rising and the market is dumping

Tough spot here for you fags huh

>>19087746
Your puny buy orders do nothing like insiders are selling millions of shares you buy 12 shares is meaning gless especially in this dead industry

Can someone explain how UCO can blatantly just ignore reality?

how many times can a dead cat bounce?

> But what happens then?
.... it just stays negative? idk man... there will be no more institutional money to pull it back up because they'll all have gone 2 months into futures

look at how chaotic oil is right now. is it possible that the majority of money left in front month futures is retail trying to become oil barons?

>EURN back to positive
REEEEEE TANK YOU LITTLE SHIT I WANT CHEAP EURN REEEEEE

so what are y'all going to do if front month oil futures doesnt dump on monday?

POST WHICH CNBC BABE YOULL BE PURCHASING ONCE YOUR CALLS MAKE IT

>>19087831
Retail buying "oil"

>>19087831
They cant it's just that your reality is weed and other hallucinogens that made you act stupiderer

>>19087865
They’ll just buy more and match each other while they get sucked down the toilet.

>>19087865
heads will explode

>>19087728
You can hear the horns blowing. We haven't set sail yet, but we are clearing the way.

>>19087831
Because oil is up. Just buy more June puts, don't believe in May 15th they might fuck you. Just get June.

>>19087857
>Just stays negative
I will be on a constant orgasm if so. I hope that is right.

>>19087860
This restored my hope in humanity for the time being. The rest just have to catch up.

The oil hopium on bloomberg is hilarious, no mention of storage issues, no refutation of demand/supply issues, basically just "its all priced in bro, its probably fine...."

>>19087893
Your expired worthless calls will get you a used worthless post wall roastie

>>19087798
No duh retard you think I expect my buy orders to move a large company?
>oil transport is dead
Who buys this fud? You know any semi competent anon is gonna look into these companies and consider a position given their excellent financials

>>19087921
what's worse is they're saying "it's definitely fine" and people are literally buying it

>>19087939
>6/19
>expired

This amount of shilling and the sheer drop earlier (technically still now) was probably because we were too happy today. We might as well be a microcosmic orb that can be looked into to see sentiment, and guess they wanted to see if they could crush it.

Nuh-uh. Everyone is still holding. They got 1 more day at max, will they actually do it? Or are we going to weigh the anchor already, Goldman?

>>19088061
Too happy yesterday I meant. Too happy at yesterday's performance.

>>19088061
Schizophrenia if you think anyone outside of this shithole cares how much sunk cost fallacy you’re willing to play.

>>19088128
you can't unsink your time spent fudding here.

>>19088061
>>19088084
we've been calling for a fake pump and dump this week for over 2 weeks

it's all part of the shakeout

at this point these shills are 100% either from someone like blackrock desperately trying to get rid of puts in time, or a tanker trying to prolong stock buyback opportunity as long as possible

i think we'll find out exactly who it was by or on june 1 when shit gets reported

>>19088061
If yall thought these turds were going up you wouldn't be here posting pedo cartoons you would get a job so you could buy a few thousand shares

>>19087943
Storage crisis was solved last week, inventory and tankerturd stock prices going down

>>19088180
Goldman and JP Morgan called them in for a meeting to recoordinate yesterday and chewed them out for 5 straight hours.

>>19087769
Yea, I'm depositing some more now I've been paid, nearly used all my reserve today.
Every collapse ever has shocked people cos no one wants to hear about bad things happening, and the big boys have nothing to gain from being honest about it.

Buy REFR

>>19087943
Market is running on hopes and dreams right now. That's actually a bit scary, and makes me want to open puts on things like Amazon. The boomers / normies think that people will have their jobs back and life will be normal again by summer (lol yeah right). I still expect tankers to do well through Q3, but long term is spooky as hell for not just our stonk play but the world in general. You thought 2008 was bad? This hasn't even hit yet.

>>19087865
It will. We're going through a calendar spread short squeeze right now which is pushing front month prices higher. A lot of people are losing money because dumb gay retards are still buying into oil ETFs, pushing the price of front month up and having a lot of (more intelligent, better researched) shorts trying to get out of their spreads before they lose more money, with today being the last day to do so.

Make no mistake: there is straight fucking chaos going on behind the scenes today.

>>19088222
checked

they'll get reprogrammed for bullposting on monday

>>19087921
Yeah, they're trying to herd money into a sector that's fundamentally fucked, and move money out of a sector posting record earnings. It's disgusting but hey, kikes gonna kike

>>19088180
Yeah the executives are lying
>Diamond S, which owns a fleet of 50 product tankers and 16 crude tankers, initiated a $50 million stock buyback program on March 4 only to quickly stop buying after spending just $1.4 million.

“Right when we started our buyback, it got increasingly opaque,” recalled Stevenson. “If you just focus on the rest of the second quarter, everyone feels good about it. But what do the third and fourth quarters really look like?


DSSI’s Craig Stevenson ringing the NYSE bell. “So, we stopped purchasing shares,” said Stevenson.
https://www.freightwaves.com/news/tanker-veteran-warns-on-rates-the-storm-is-coming

>>19087893
fox news always has the babes tho, not cnbc

>>19088344
Lol

>>19088275
the question is: what will happen when contracts rollover and shit goes negative, but it's all retail holding the contracts

who will be left to drive it back into the positive?

>>19088176
Kek

>>19088180
Yea, I know but this was beyond expectations and sent me off the handle. I can't believe the sheer shilling though, you can tell it's not trolls because of repeated lines and shit like as if they got a script of dumb replies. It is shocking almost to see that big firms or companies decide to dedicate people to shit up one smol thread of autists.

>>19088222
Checked and keked. Their jobs are on the line now.

>>19088230
Based. I got my amount waiting for deposit in case the worst happens later, but not today. Today it all rebounded right now a bit, no point. But good for you.

>>19088269
Real talk, I am scared of the future too. Of the world. And society. Things can get really bad, everything is shit behind the scenes and there is no reason in the world for it to rebuild. only to get worse. Playing stocks and being bearish is fun and smart and all, but when things are THIS bad, it is almost as if betting against things doing well is survival at this point and we are heading to great depression civil war ww3 with china black plague bullshit right now.

>>19088422
Absolutely nothing. Lmao

>>19088471
Only someone dumb enough to think Goldman employees are here would buy thesecturds

STNG is about to break through the floor

>>19088471
>Things can get really bad, everything is shit behind the scenes and there is no reason in the world for it to rebuild. only to get worse
This happens with re-expanding the credit bubble because debt is in essence stealing from the future; it needs to stop. We are in for a bad 5 to 10 years at this point, but it can get better after that time if the debt fucking stops expanding.

>>19088554
Just print money and use that to pay off debt

>>19088471
>Real talk, I am scared of the future too. Of the world. And society. Things can get really bad, everything is shit behind the scenes and there is no reason in the world for it to rebuild. only to get worse. Playing stocks and being bearish is fun and smart and all, but when things are THIS bad, it is almost as if betting against things doing well is survival at this point and we are heading to great depression civil war ww3 with china black plague bullshit right now.

this is exactly why any cash i make from the next few weeks/months/however long my hands can hold is going into real estate

>>19088547
If STNG goes below 16 today I will sell some of my EURN, DHT, and FRO to buy into it. You CANNOT expect me to believe that shit won't rally. I might not got margin I can fuck with, but you damn well bet I got shares I can redistribute.

>>19088554
I don't think it is possible, our system is meant to be on debt now. I think it is too late.

>>19088616
Please be alright in the future anon, that is smart. I hope we won't need wheelbarrels to buy bread.

>>19088547
everything is
dow just double-topped
it either crabs or drops again from here

This feels like a very obvious shakeoff play.

https://www.freightwaves.com/news/inside-the-mind-blowing-crazy-insane-ridiculous-tanker-sell-off
Thanks for the site fud faggot, there's good articles here

>>19088581
but that hurts the rich goy!
the debt needs to stop being handed out. Printing money won't change the situation. Infact, if you pay off the debt with printed cash, you've effectively allowed these zombie corps to steal pieces of the future in full.

>>19088645
>I don't think it is possible, our system is meant to be on debt now.
debt is an incredibly powerful tool and it should be used prudently. It's the over expansion of credit and debt that is the problem. The bailout fears of 2008 were the beginning of this boom cycle. Let's hope it busts.

>>19088616
you got a timeframe? I'm thinking it will be 1.5 years. I need to re-up my lease soon. The price sweet spot will be around then or 2.5 years. the sweet spot for mortgages would be like 3 years.

>>19088821
>you got a timeframe?
i'm honestly not sure

it depends on how much i make from a tanker pump and how long this drags out

my assumption is that prices in my area should see meaningful drops by the 2nd half of this year and an upturn at some point next year

so i will likely just be watching for the decline to slow which would hopefully be spring/summer '21

TRUMP ADMIN. ISSUES GLOBAL ADVISORY TO THE MARITIME INDUSTRY ON SANCTIONS ON IRAN, NORTH KOREA AND SYRIA

Also, Folketrygdfondet, the investment fund that manages norways pension fund, just casually dropped 58 million dollars worth of shares (7.8m) into Frontline.

>>19088821
Dont over think it faggot, fed just needs to type a couple zeroes into an account and click the confirm payment option on the debt, problem solved

Are we finally going under 6 dollars for DHT? Finally back to its normal price range.

>>19089014
thank you, Mr./Ms CEO or state treasurer

>>19088821
I'm sorry, I am just pretty scared. If we bust....it might be too horrible. We might turn third world.

>>19088968
Links or I don't believe you, I can't find it.

Blood is pouring from my anus on FRO but my hands are steady

>>19088968
from what i can see that would increase their position by just over 10%

>>19089120
>We might turn third world
USA already pretty much already is 3rd world. I want nice food and infrastructure and law enforcement. Anyway, If the bubble continues, i don't know if we can go back. This seems like a last chance to get back to vaguely over leveraged instead of levered to the tits.

OH NO NO NO
SHORT SELLERS ON SUICIDE WATCH

>>19089120
https://fintel.io/so/us/FRO
https://www.reuters.com/article/us-usa-sanctions-maritime/trump-administration-issues-global-maritime-advisory-on-sanctions-with-industry-input-idUSKBN22Q2LD
https://www.usnews.com/news/world/articles/2020-05-14/trump-administration-issues-global-maritime-advisory-on-sanctions-with-industry-input
https://www.benzinga.com/news/20/05/16033107/trump-admin-issues-global-advisory-to-maritime-industry-on-sanctions-on-iran-north-korea-syria

>>19089069
You’re welcome

>>19089240
>https://fintel.io/so/us/FRO
NOBODY is getting out except fucking retail

>>19089240
OH NO NO NO

TANKLETS CANT CATCH A BREAK

>>19089280
i keep diving in with every spare 8 dollars.

>>19089240
WHAT DOES IT MEAN

HOLY SHIT

2M CALL OPTIONS

https://fintel.io/so/us/dht/group-one-trading

Wow, big dick institutions are all dumping on STNG. Buying FRO, but dumping STNG. Wellington Management Group LLP dumped 35 million odd shares today. Deutsche Bank dumped 600k shares of it. Though Deutsche Bank also bought 500k shares of FRO today.

https://fintel.io/sos/us/stng

>>19089223
Honestly? I just think we are fucked plain and simple. Unironically the only way out from not letting it collapse might be some form of UBI to encourage spending and keep companies afloat while providing food. I don't know, I don't even support it really, I just am at a loss because I don't want us to go 50% unemployed and starving on the streets as the actual means to fix our debt properly.

>>19089240
Well, the sanctions are right. But the FRO link is super old, look, says they bought those shares in 2015.

>>19088968
>>19089240
Great news. Last round of sanctions did wonders for tanker companies that weren't sanctioned. Things gon' git craaaazy.

>>19087191
HAHAHA IT ALREADY LOST JUST DCA BROOOOO

the last institutional selling of DHT was in fucking FEBRUARY

nothing but buying since then

https://fintel.io/sos/us/dht <-- sellers
https://fintel.io/sob/us/dht <-- buyers

>>19087191
You keep buying until your account reaches zero and then watch as your stocks lose 75% of their value and call it a win.

I'm ruined

https://fintel.io/so/us/dht/state-street

these guys pumped in $1.25m in just over a month

I don't rightly get why this general still exist with oil normalizing. The great uncertainty is all but over.
How long until everyone puts on a trip and erp all day like dead generals in /vg/ does?

there's been an insane amount of institutional buying for DHT reported mid-May

we're all gonna make it, bros

DO NOT REPLY TO BRANDON

this group opened a position with $10m

https://fintel.io/so/us/dht/lancaster-investment-management-llp

>>19089521
awful lot of institutional buying for a "dead stock" that is "going to zero". We'll know how this play is going to go in less than a week.

LOOK AT THEM ALL PILING IN

HOW FUCKING RETARDED WOULD YOU HAVE TO BE TO SELL RIGHT NOW

>>19089490
we’re almost there, there are already namefags and avatar fags, with any luck they’ll move to a discord and suck eachother off in private cope sessions

here's the full list of sellers
look at the dates

check out the volume on july crude

>>19089594
Are you implying that the sell off this morning was a flock of retail investors giving up?

>>19089672
compared to front month

NOBODY IS BUYING FRONT MONTH

>>19089594
piling into which stock

>>19089672
I think one of my guys at the local bank played USO or crude and he told my mom. I hope he dips out. Luckily he's just a CS rep and the bank has no brokerage services.

>>19089679
Yes. All selling has been exactly that. Retail believing the FUD and hopium.

Here's August volume. WAY higher than front month.

there are going to be ZERO buyers for june contracts

>>19089711
DHT

fucking SEPTEMBER has more volume than june

>>19089738
correction: september is catching up to june

>>19089718
Doesn't low volume mean we're not going to see a catastrophic and violent price swing? Or just massive sell off on rollover?

Feb 2021 at 130% of average volume

>>19089769
it means the upward move has almost zero momentum
there are only going to be sellers when SHTF

>>19089769
>mean we're not going to see a catastrophic and violent price swing
low volume on an uptrend means there could be a huge swing. down
I don't know what happens if retail gets stuck with the bag and can't pick up the oil.

>>19089769
Yes USO already rolled over the current month .

>>19089809
when the hell is retail going to realize they're holding the bag

>>19089490
Reality never mattered, these longs just keep repeating a few buzzwords from cramer they dont even know why they bought

>>19089820
>contract expires
I mean, they have to pick it up if they have a contract at expiry. literally. Am I wrong?

>>19089869
yes

or they need to pay somebody to take it for them

thus the negative rates

>>19089820

Retail already sold now it's just cult members
https://www.tradewindsnews.com/finance/dumb-money-loved-tanker-stocks-until-it-didnt-and-that-fuelled-this-weeks-shares-massacre/2-1-805269

>>19089891
yes that is true. you are not wrong
that's what sent prices negative last month
nobody buying right now is looking at volume

>>19089891
>or they need to pay somebody to take it for them
right so uh, what happens if they let it expire and no one picks it up?

>>19089925
that's what i was considering earlier
if that shit is just sitting around looking for a taker, WHO would buy the JULY contract when they could just get PAID to go pick up the JUNE contract?

OR GET PAID TO HOLD BOTH THE JUNE AND JULY CONTRACTS

FUCKING TANKERS WILL GET PAID TO HOLD BOTH THE JUNE AND JULY CONTRACTS

wtf is going on with oil guys?
why isnt it tanking like a mofo?

>>19089925
It's a contract, whoever holds it is legally obligated to pick it up. If you don't I assume you have to pay the costs for the seller to store it somewhere which is probably at a huge premium

>>19089925
Securities fraud, effectively.

>>19089973
low volume
retail somehow doesn't know yet

>>19089820
I friend of mine knows a guy IRL that got stuck with bags last month.
Bought on 10$ and had to sell at the final price.

Now those are some fucking heavy bags!

>>19089973
Because oil is valuable unlike tanker stocks

>>19089974
>store it somewhere
it's literally stuck in a tanker and the US WON'T UNLOAD IT because then they'd have to report it as a surplus

they are using tankers to hide the surplus

>>19090009
What's your point?

>>19089973
people are going to UCO for extra exposure to oil because the news is peddling hopium 24/7

holy shit

if i'm wrong, i really wish somebody with more knowledge would speak up

all i see is next to zero volume on front month contracts and a shitload of retail holding bags and tankers full of oil that CANNOT unload and a contract rollover date on a MONDAY

>>19089973
wow amazing it’s almost like everyone telling you to sell was right and you weren’t some retard savant with special knowledge

you’re just a plain old idiot that’s holding my bags

>>19089594
>>19089615
>Ever betting against big dick money
I will eat my losses. Carry me hedgies.

>>19089672
>>19089694
>>19089718
>>19089738
>>19089777
Good god. How are they not running for the hills now already?

>>19090009
How is that legal? Isn't there additional fees or contracts or something? I don't get how they can procrastinate so long.

>>19090062
May God have mercy on their souls, for the market will have none.

>>19090137
>Isn't there additional fees or contracts or something?
Yes.

Guess who gets paid the fees for a tanker to sit at harbor spinning in circles holding 2m barrels of oil.

>>19090062
>and a contract rollover date on a MONDAY
Add to that the infected numbers in Europe will probably show that easing restrictions was not a good idea, they were lifted May the 4th. Só 14 days to show symptoms...
Do the math.

>>19090197
Demurage is a fraction of normal fees though, it's not a good thing in this environment.

>>19090277
checked

how long could they call it demurrage until they call it what it is.... storage?

5/14/20 Fidelity Current ratings:

DHT: 10.0 VERY Bullish
Equity Summary Score Firms:
Buy = 3
Outperform = 1
Neutral = 2
Underperform = 0
Sell = 0

EURN: Not Available

FRO: 9.9 VERY Bullish
Buy = 2
Outperform = 1
Neutral = 0
Underperform = 1
Sell = 0

OSG: 6.4 Neutral (This was strong buy a week ago)
Buy = 0
Outperform = 1
Neutral = 2
Underperform = 0
Sell = 1

TNK: 9.5 VERY Bullish
Buy = 2
Outperform = 1
Neutral = 1
Underperform = 1
Sell = 1

STNG: 4.8 Neutral
Buy = 1
Outperform = 1
Neutral = 1
Underperform = 2
Sell = 0

TNP: 9.5 VERY Bullish
Buy = 2
Outperform = 0
Neutral = 2
Underperform = 0
Sell = 0

>>19090306
>i'm holding 122 DHT contracts

COME ONNNNNNNNNNNNNNNNNNN

>>19090277
No demurrage is tagged to TC rates. High TCE = Higher demurrage rate.
I’m seeing Suezmax demurrage burst 100k.

>>19090303
The contract is set in advance, you can't convert it to a storage contract like this. However maybe the tankers will start complaining, though I don't know of a precedent for this.

>>19090338
>122 DHT contracts
how much fucking money is that?

>>19090197
Us! Bullish. But also, fuck you US, just unload already and stop being dishonest. The tankers should raise rates to keep holding.

>>19090252
Yes. YES. YES. And to top it off, NAT releases earnings. As if a shining ray of hope, the shitcoin of tankers will release positive earnings during the crisis as the final spark to buy in.

>>19090306
Holy fuck. Can I get a link? Google is not giving me proper results. But huge if true. Monumentally massive.

>>19090366
That's not what bugbee was saying. Maybe it works differently as stipulated in the contract?

>>19090407
before or after DHT goes to the FUCKING MOON

>>19090423
you may have to have a Fidelity account to get the scores. i dont know if it shows for non-members

DHT: https://snapshot.fidelity.com/fidresearch/snapshot/landing.jhtml#/research?symbol=DHT&appCode=

just go to fidelity.com and type in the ticker symbol

>>19090423
>Yes. YES. YES. And to top it off, NAT releases earnings. As if a shining ray of hope, the shitcoin of tankers will release positive earnings during the crisis as the final spark to buy in.
no offense but that’s delusional

They're crashing my fucking SCO

>>19090519
This. Market didn't give a shit in record-breaking, estimate-obliterating, downright insane numbers, why would it give a shit about nat?

You're gonna buy the STNG dip, right anon?

>>19090535
how much do you have

>>19090432
what was the initial investment on 122 contracts?

>>19090574
50 shares bought at about 36.50

>>19090582
i was able to average down to .1309/pc so total right now is just under $1,600

>>19090366
You can reduce it, but I’m seeing more Tankers owners insert this line into their Demurrage Clauses given the market conditions.
>All undisputed demurrage to be paid off every 5/7/10 days
If companies are spot chartering tankers to float, Owners don’t earn TC rates but earn demurrage rates. This would mean that demurrage rates = TCE rates.

>>19090607
you'll double it or more monday/tuesday

look at SCO's 3m view and check out the spikes. that is what's coming only this one is going to be even bigger

>>19090510
Yea, I do need the account. That sucks. Doesn't show for non-members.

>>19090519
>1 post
Though, >>19090519
>>19090544
yea NAT is a weak tanker, but my point is that it comes in during the key highlight of bullish moments for tankers. On the rollover. It is fantastic timing.

>>19090544
tankers are at the bottom limits of retardation valuations (in the opposite direction). earnings shouldn't matter for the rest of the market because their valuations are sky high. FRO is sitting at like a PE 9, DHT at 10 fundamentals should rear their head eventually.

>>19090661
>Yea, I do need the account. That sucks. Doesn't show for non-members.

doesnt your broker have something similar for ratings? even yahoo finance has one

>>19090645
Yeah I'm holding this hard, they tried to stop loss me out literally the day after I bought in so I know big dick money is watching

holy SHIT

people are buying oil contracts that rollover in TWO TRADING DAYS based on hopium for MONTHS FROM NOW

>>19090713
this is going to be insane

*clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack* *clack*

>>19090695
Well, I use Ameritrade and best I know and can find is what some other analysts say in reports about stocks. Like for DHT for instance, the most recent analyst thing they have is done by Research Team and says Accumulate more shares. Today. It isn't as nice and good as Fidelity's it seems.

>>19090713
>>19090730
RIP everyone who is staying in. Unless it is like completely floated by shorts or something. In which case, mega kek.

Unfortunately it looks like the bullshit semantic games the oil industry is playing are going to work this month and we won't see a significant down swing in oil.

>>19090837
the day before oil went to -$37.63 it closed at $18.27 and the day before that it was $19.87

it dropped $55 in one day. Rollover Day

>>19090713
What drives these people?

>>19090902
they all think they're going to get rich off of oil

can someone explain to me why WTI is skyrocketing and my shorts are gettin eatin like im bart simpson?

this is frkn ruining me if this keeps up.

DROP U MOTHERFUCKER!!! NOBODY WANTS YOU RIGHT NOW!!!

Time for your daily 10% loss tankietards

>>19090947
there's no volume
it's retail buying from retail
hopium being shoveled but people don't even realize they can trade future contracts so they're buying front month

there are normally half a million trading this shit with many of them being buyers who can actually take delivery

right now there are 80 thousand passing the bags back and forth and NONE OF THEM can take delivery

Scorpion got stung but at least you have those massive losses to brag about

>>19091031
Yep you have it all figured out that's why you are holding a bag with 65% losses

>>19091031
So what's the ticker to buy when things begin to drop?

i'm going to give you a chance to prove you aren't a paid shill

explain the volume on the front month contract if i'm wrong

>>19090686
for most of them they’re fair value if you look back to share prices in summer of 2019, your expects are unrealistic

Another tanker in bankruptcy in the best of times. Lmao

https://money.usnews.com/investing/news/articles/2020-05-11/shipping-company-ocean-tankers-placed-under-court-appointed-supervisor

>>19091141
Hi brandon's intern!

>>19091078
Are you not paying attention tankerturds are already down some of them 99%

>>19091078
you get into tankers or SCO NOW

this is three YEARS of monthly volume. see that little block at the end? that's THIS MONTH

may is only half over, which is true. but even if you double it you STILL end up at 66% of the lowest volume elsewhere on the chart

and the volume won't double over the rest of the month because people are already trading contracts several months down the line

>>19091141
He's one of these clowns who doesn't understand point 5>>19087569

>>19091082
>give you a chance to prove you aren't a paid shill
lol don't even. It's confirmed that this guy is mentally ill or a shill.

There once was a shill named brandon.
Goldman told him to start spamming
he typed tanker FUD till his fingers gave blood,
Anon still said, "the share's, we're not handing."

>>19087148
Okay, so really these stocks are betting against the oil market, right?
https://oilprice.com/Energy/Crude-Oil/Oil-Is-Back-In-Demand-As-Drivers-Return-To-The-Roads.html
Do you think oil prices could be climbing just because of people driving to work more? It may be more market psychology than actual fundamental data of the market.

However, from what I understand with these stocks (and what I have had trouble wrapping my head around), it doesn't actually matter because the shipments are going to arrive at ports regardless and the tankers will have to hold the oil regardless because of glut?

Maximum pain today tommorow and Monday
Same thing next month

>>19091031
so noone is trading front month despite retail
hopium is making people ragebuy oil despite them knowing we have RO on monday?

the higher they go the harder they fall on monday, r-right? TELL ME MY SHORTS ARE GOING TO PRINT PLS!

>>19091246
that article is hopium

but yes. it doesn't matter because the shipments arrive and the tankers will get paid to spin in circles as floating storage which is the most expensive way to store oil

but NO ONE WILL UNLOAD IT because they are hiding the glut on the tankers for as long as they can

which is 2 more trading days

>>19091141
before filtering like the sixth shill now in this thread....

>fair value
>those divvies that are proven sustainable for rest of the year minimum now

hahaha, okay retard.

>>19091215
No more powder for SCO, but I will cheer all of you on as I hold my tankers.

Tankers down 30 to 40 percent since this general began

>>19091288
ask yourself what will happen when these bagholders figure/find out they are going to have to take delivery for thousands of barrels of oil

i'll tell you what happened last month. the people caught holding the bags had to pay MILLIONS OF DOLLARS to get other people to take the oil from them

now imagine there were a lot of people last month who COULD take delivery and they were trading the may contracts

NONE OF THEM are trading june contracts which means EVERYONE who is are people who think they are getting rich and buying cheap oil and are going to be told they have to take delivery

only now, there are FEWER places to take that delivery for them even if they pay for it

so now, not only do you have oil that you HAVE to take delivery of, but you're having trouble finding anyone that you can even pay to take it for you

what is going to happen to prices?

what happens to the prices for people to take delivery for you is going to be inversely reflected in the value of a barrel of oil

how bad could it get?

>>19091295
See, this what I heard in the thread last night with a guy doing some really good TA.
Monday will be a really strong buy opportunity, I've bought $300 today and have a lot more on stand by.

My question is, why did the whole sector pump after hours last night? It went up like 3% after hours in every tanker stock, regardless if they have the supermassive tankers.

>>19091082
They learned from last month, not everyone is dumb like you, they already closed out its been widely reported

We continue our steady approach to the staging area of The Big Port, anons.

>>19091385
institutional money is flowing in
retarded retail money is flowing out

pic related: past two days reporting of institutional buys for DHT - https://i.4cdn.org/biz/1589472522320.png

there are ZERO institutional sellers reported for DHT in the past THREE MONTHS

>>19091301
>those divvies that are proven sustainable for rest of the year minimum now
They can and possibly will cut them if rates and storage is no longer bringing in profits.

>>19091082
If you're a bull on oil I feel bad for you, I am only comfortable taking some exposure on bearish oil plays.
I am doing this as a swing to, I do NOT want to be around this market come September when everyone realizes the Universities will remain closed and all the gyms/hair salons get closed again.
Oil is a really dumb play right now, betting against the sector isn't a terrible idea, but understanding the infrastructure behind it that this anon >>19091346 is talking about is alittle more complicated.

The smart play is to wait, keep a beat on oil over the weekend and see if the price doesn't go down Monday again like the TA said last night.

The good tanker stocks are down 4% today
The really good ones are down 8% today

Buy now lose money and orofut

>>19091391
smartest thing you've said so far

so... what happens when all the smart people who learned from last month are gone, and all you have left are the dumb people when contracts roll over and they can't take delivery?

>>19091440
AKA 2 years from now or later.

>>19091471
>AKA 2 years from now or later.
Or next quarter

does anybody know how to see historical data regarding how many units were represented by one months' WTI contracts?

if we can figure that out we should be able to take a look at historical volume and see what the concentration of barrels : bagholders is and figure out exactly how bad this could get

>>19091464
Dumb people don't do futures contracts because they don't have any money. You see the low volume but you can't accept that it's proof your premise is off. USO already rolled over

>>19091513
Hi brandon!

>>19090797
Are loli idols allowed on tankers?

>>19091393
I am ready.

>>19091513
>next quarter
FILTERED. Good job outing yourself you ignorant shill. Everyone already have heard from the companies spoken so far in their guidance they have secured greater revenues from Q2 already with months left and many contracts left to make. Got no time for this shilling nonsense anymore, ample resources in the OP if you are actually ignorant of the sector.

>>19091547
68 posts in and you still shilling this turd and it keeps sinking

>>19091393
That gif is fucking insane lmao, I just sat for like two minutes watching it repeat.

>>19091513
Probably next quarter, while earnings will be ok 3rd and 4th quarters will be a disaster necessitating a dividend cut now

Is 5/19 the pump day?

CNBC seems to have forgotten their own story

https://www.cnbc.com/2020/04/23/rebound-in-oil-is-temporary-prices-will-turn-negative-again-analysts.html

https://www.zerohedge.com/economics/hertz-cancels-90-new-car-purchases-further-pressuring-already-desperate-automakers

Oil demand not coming back ergo no need for tankers, this is why tanklets are crashing hard

i wonder if brandon thinks that tankers are the trucks that take gasoline to gas stations

>>19091568
They are most welcome! Especially if they are accumulating SCO right now. I will provide her a complimentary tour on mine and inspect her feet for seaworthiness personally.

>>19091629
Yep after losing 20% this week tankers will soar 1% on low volume and y'all will declare victory while shilling the same dumb idea next month

i hadn't had a chance to check it yet today

as UCO has gone up 8%, volume and price on $10 5/29 puts HAS GONE UP

>>19091653
Haha it's two brown women never trust a diversity hire with your money chump

>>19091573
You are NOT ready for where we're going, friend.

>>19091610
The swell is something to behold, I got speaking to a guy in the RFA, he said they challenged the ship retard to do star jumps at the bow of their ship when it was particularly choppy - the guy jumped and ended up 5 meters above the deck, broke his leg.

Reminder TSG, to those of us who have been in this sector since before this crash, we've seen this pattern already, also once in 2019 (trump sanctions and environmental regs) and once in 2018 (industry "bust").

This will be the sixth time we have profited from it, and we have become exceedingly efficient at it.

>>19091653
It’s almost like the media isn’t always correct. CNBC can’t control the price of oil.

There’s more demand now because of reopening and oil cuts all over the world. The contango glut is over and no one can deny it.

$95,000,000 lost on this tankerturd today

>>19091813
Go out to one year and show us what prices looked like

90k volume

you are looking at the euphoria stage

>>19091813
Y'all bought the top that's why you have 45% losses

>>19091834
are those notifications replies to youtube comment bait you made

bro you must literally just shitpost all day long every single day

i hope you're just out of work cause of corona and don't actually do this during normal times, that's kind of depressing to think about

>>19091878
do you know where you’re at?

Why are there about 5 of brandon's team today when there was just brandon and the occasional brandon on his phone until now?

>>19091878
Once you make fuck you money you can do whatever you want

>>19091923
4channel != 4chan, newfag.

>>19091923
fair enough

>>19091947
yeah but being this obsessive isn't good for your health bro

>>19091939
It's entertaining to watch the cognitive dissonance of penny ante gamblers as they get their clocks cleaned. Like I laugh like a mental patient as y'all get confused about how dividends work

>>19090703
That's happened to me on a few equities. How the hell do they know. I've heard they can actually see

>>19091939
Max pain is approaching. More mainstream headlines starting to suggest oil price dropping. Storage never solved, every day more and more Saudi tankers arriving. Options expiry tomorrow.

>>19091986
Yet gambling on sunk cost fallacy and getting emotionally attached to a market sector like some in this general is healthy?

Imagine being worth tens of millions and sitting inside all day everyday dumping on people for their investment idea cuz you have no real friends and no hot woman to suck you off lol what an absolute faggot. Fucking loser.

this is like watching a car accident in slow motion and the cars are inching closer and accelerating

>>19092047
interns aren't worth anything

>Reading through commodities contracts to make sure about having to take physical delivery
>You really do have to take physical delivery if the contract expires while you are holding it.

No....How can this be. Who are these poor souls holding these contracts? Who is buying? There is no place to store more oil, and retailers don't have the means to take it anyways. Holy fuck. Just what is going to happen. Are we going to unironically see -100 dollars a barrel this time around?

>>19092060
This is going to become the ugliest incident of all time. I am convinced now. I think all crashes ever before are going to pale in comparison to this oil crash coming up. This will be for the record books.

>>19091717
I also vote yes to supplementing the tanker crew with a loli complement then

>>19092095
people are legitimately going to die
this is suicide-level amounts of money

>>19092095
>There is no place to store more oil
I think the supply chain is moving well enough now there’s no real need for oil storage. Things are getting refined and used rather than sitting around.

>>19091986
I haven't even been here a week

STNG

down 10% today
down 86% in last five years


down bigly

>>19092135
>>19092095
>pretending to be a star in the big short
yikes, you’re wrong about all the money being lost besides those who dumped their savings into tankers

>>19092175
https://www.marketwatch.com/story/he-started-the-day-with-77000-by-midnight-he-owed-9-million-2020-05-10

they aren't going to let anybody off with a bullshit ignorance excuse this time

>>19092079
>>19092047
Y'all are writing fanfic about me instead of reading annual reports or philosophy and have the audacity to call me ibbsessed

Just what is going on, I filtered like 8 or more people in this thread already.

Also, well, I DID have the smallest bit of cushion on my margin left. It is officially filled now by 10 shares of SCO. In case of absolute bs tomorrow or AH, gonna have to monitor my account. But this oil drop is now a sure thing, and I am young. Time to gamble.

>>19092130
Incredibly based. We will have to have a whole division core! I am sure their size will help them fit into tight places to help better work the ship.

>>19092135
I own too many tankers, I have no room for SCO. But I am in for 10 shares of it at least. If this shit hits -100, I can double that money at least. It would be a nice bonus. But still...god, I can't believe what we are about to witness. No one can take physical delivery, NO ONE.

THEY'RE STARTING TO TALK ABOUT IT

https://markets.businessinsider.com/commodities/news/negative-oil-prices-caused-trader-buying-25000-oil-barrels-2020-5-1029201266

>>19092278
We’re well past contango, that’s a story referring to last month

>>19092060

https://markets.businessinsider.com/news/stocks/chesapeake-energy-slapped-with-zero-price-target-strong-sell-rating-2020-5-1029193964

THE FIRST DOMINO FALLS

>>19092278
>Article in past tense

>>19092294
i know it's referring to last month

do you think they're retarded?

they posted that shit so when it happens again, THAT article will be at the top of google news results

which is exactly what happened

if this is all ancient history, why are so many stories being posted about it NOW

Another 10% down day y'all sure seem happy and confident,you couldn't predict your 50% losses tho

>>19092359
it’s a coping mechanism

FFFFFFUUUUUUCCCCCCKKKKKK

https://www.marketwatch.com/story/oil-prices-could-go-negative-again-so-be-prepared-cftc-warns-futures-industry-2020-05-13

https://markets.businessinsider.com/news/stocks/oil-price-wti-could-go-negative-again-regulator-warns-traders-2020-5-1029202506

https://www.ft.com/content/7162c5a8-e12e-48d6-bb71-aa0079d2390d

>>19092359
Losses aren't realized until you sell, and I'm not overextended. If I take a loss, I take a loss, but I'm in this for good because I know I'm right, fag.

>>19092278
>>19092217
Did this guy cause the price drop sub $0 all on his own? Buying ever lower?

>>19092351
Because contracts are expiring and everyone is watching it and reflecting on last month. They’re not writing articles because it’s ZOMG ITS THE END OF THE WORLD. News came out about this guy that fucked up so they published an article.

>>19092278
80 posts, sorry I can't feel your pain because I'm smiling. It's part of growing up kid, you got attached to a stock and detached from your money. Many such cases. SAD!

>>19092422
sure, man. they're posting this shit for nostalgic purposes

>>19092404
Losses are immediate that's why you are suffering so much right now. You lost 10% today

>>19092468
Whatever helps you cope, i’ll be here next week when they don’t go negative and tankers don’t moon. Will you be here or will you be hiding?

UCO is getting poomped hard

>>19092514
you'll be reprogrammed for bull mode

>>19092541
yes it is
and we still have almost no volume

>>19092338
Chesapeake doesn't count, it was a chink scam.

every tanker bro in here is a gay dick sucker that will lose all of their money

>>19092544
I’m bullish on a lot of things but not tanker. I’m gonna assume you’ll be MIA trying to ignore reality.

>>19092514
They will claim victory and try again next month

>>19092268
That's a heck of a lot more soles on deck that will need inspection and cleaning, even if they're smaller on average

If you need help dealing with the crew inspections, you know who to call

>>19092338
Chesapeake is literally nothing and remember if oil companies go out of business the oil glut goes down.

>>19092695
Yes. It’ll be “expected” and they push their cope out to next month indefinitely and brag about dividends as if it was the plan all along.

just noticed this

oil and tankers are normally inversely correlated

oil is mooning and tankers aren't budging

>>19092702
I might indeed need help. It is so many I might grow dizzy and tongue run dry. It is all worth it for a better functioning vessel though and a well-supported crew. I will happily invite you in for the extra help, because I might definitely need it.

and now....... everything suddenly got quiet?

>>19092977
Brandon went to bed

Tomorrow is the moment of truth gents. See you then

>>19093048
or they just turned him off
which would be extremely bullish for us
once brandon shuts up we'll know to hold onto our butts

>>19092977
Maybe he had to take a shit. Or perhaps...it is time.

>>19093060
Isn't Monday technically the moment of truth? With options expiring by the end of tomorrow, I have no fucking idea what they are aiming for. Are they going to go down further to fuck over all calls and cash in on puts? Are they going to go up to make bank on calls and fuck over all the recent retail put activity? Just wtf are they going to do?

And where is oil going? Are we going to come down to Earth perhaps, or are we going to run it up again for the biggest gap down possible Monday? I have no idea what to expect.

>>19092796
Geez you don't understand supply and demand curves

>>19092034
>getting emotionally attached to a market sector like some in this general is healthy?
Actually yes.
I was enjoying these thread before you show up!
We were having fun, posting sea chanties, talking about boats.
These generals existed because their were interesting. Now they go past bump limit due to your shitposting.

>>19093138
i think they are either somebody aiming for puts or from one of the tanker companies trying to stretch out the low price time to allow for the best value and longest timeframe possible on buybacks

Remember boys, they wouldn't fud so desperately (like women) if they thought we weren't sitting on gold.

Options contracts dead weight calls expire tomorrow, oil futures expire Wednesday.

We'll see who's who in the next week.

>>19093236
These generals only exist as a safespace support group for bagholders that FOMO’d into a gigantic blunder.

>>19093260
it's been unreal the past couple days as we get closer to options expiration

>>19093236
I miss comfy boat talking with anons. Hopefully once this goes up, we will return.

>>19093237
Could be. But really, I hope not the latter. They need to just buyback already if that was the case, capitalize on the fall of oil coming up. Also, it really isn't kind at all to like literally the only people competent about the industry apparently. I still don't know wtf to expect with options expiring.

>>19093328
these guys are scum
it wouldn't surprise me at all, with what i've been reading about the industry
i have no plans for longterm investment past this and that's a big reason why

New thread:
>>19093457
>>19093457
>>19093457
>>19093457

>>19092814
Would you let your loli crew pretend to be captain for a while if they asked?

>>19092796
First, they hit the floor.

Second, it's a foresight like the bump in stock price yesterday was.
Friday when the options exprire you will see the real moves on the AH.

Lot of people in this thread will lose alot of money but that's what you get for doing expiration dates before contract roll-over.

>>19093272
I disagree, lots of people here weren't FOMOing into it.
For example, I got DHT before earnings expecting a rise in price after stellar earnings and guidance.

I don't think that is FOMO at all.
The drop is unjustified. These stocks are trading well bellow fair valuation.
It's a question of time and patience.