/biz/ - Business & Finance

yotsubride

>>19249844
Based and wholesome

Oh boy this gon’ be good. Oilgang going to flood in and shit all over tankergang. Why even combine these lol?

>>19249885
nice pic, too bad you're a shill.

>>19249807
imagine if tankercucks bought oil instead of buying the top on tankerturds

>>19249885
Retard. They're not mutually exclusive. They need to be brought together to crush the misconception that if one does well the other will fail. Floating storage isn't the main business of tankers. The transportation of oil is. Moving forward, the exportation of oil is the big question for tankers and oil companies. Both need it to survive long term.

>>19250000
checked
real question:
who is going to import when their storage is tipped-to-the-tippy-top to that point where they aren't even bothering to unload the oil that's floating right off their coast?

>>19250052
China is apparently importing even more than they did last year during the same period. Nobody else is for now though. Maybe india if they reopen in 2 weeks as expected after the latest pushback.

>$REFR

>>19249923
Tankerchads finna rise up

>>19250072
will they continue to do that once oil prices go up? if they're paying the current rock-bottom prices on oil it seems like it'd be silly to not import it at the moment

blah blah, TNK beats the fuck out of ridiculously high earnings projections, blah blah shipping stocks are a strong buy, blah blah nobody cares SELL IT
https://finance.yahoo.com/news/teekay-tankers-tnk-q1-earnings-113011397.html

>>19249228
Don't even try to pretend like you know what's going to happen in June. Neither of us do. It's just my opinion that oil prices will rebalance soon.

Regardless, historically speaking (2016-2019) product tankers have traded at 80-90% of their NAV. Right now STNG specifically is trading at 50%.

Am I really so retarded for buying this dip @ $16.90/share and expecting it to go back to $23/share? Are you so pessimistic that you think Q2 earnings are already priced in?

Fuck off. You don't know shit. It's all up in the air and the situation will continue to be volatile.

NO TANKERS BTFO

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

>>19250319
you've lost more than that since the div date alone...

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
>INSW
Total: 40
Types: Crude Oil, Product, off shore
>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

>>19249676
>and no these threads started on May 4th nearly a week after retail FOMO right at the beginning of the big plunge.
WRONG!!!

These thread started casualy warning people of the great deal tankers were to the upcoming contango before the May rollover!
How I know?
Because thanks to those threads. I made money on STNG which I sold at the top and never went back to it.
I went make to FRO, and got fresh into DHT pre earnings, because I TOUGHT the earnings were going to be good. And THEY WERE!
So it was a wise bet. Not my fault they went down after the best earnings ever.
I rather lose money like that than make stupid mistakes like buying JCP on hope they get bailed instead of bankrupt. Same as tons of airlines.
Tankers are the safe bet, that is why now that retail is gone, all that left is us and BIG MONEY, because people betting their clients money want safe, future proof investments.

>>19250347
Good. Then I can buy even more and make all my money back plus more with comfy divies

>>19250340
HODL ON SEA CAT

>>19250318
Think of it as a retard winning the lottery, would you invest in him thinking that his profits would continue to grow? (70 percent of lottery winners end up bankrupt in just a few years after receiving a large financial windfall) No you wouldn't invest in him, and neither do most people when they see companies with their NAV propped up by two abnormal events that cant be expected again for future growth.

You're bagholding expecting a retard to win the lottery a second time.

>>19250404
>posts a link to the first general thread with date in archive
>somehow claims its not the real date

Tankers are coming back up. It means the shills are going to stop their morning routine. Why are they all clockwork?

>>19250443

If you think that the NAV was "propped up" by this abnormal event you're a dumbass. You're implying that STNG had a 50% increase in assets in one quarter.

>>19250319
>43 shares
>amount per share .35 cents

>>19250521
Their NAV has a ton to do with both the tariff situation late last year and contango demurrage. Neither of which can be expected again anytime soon. STNG was on the downtrend long before those two events and now they're simply picking up where they left off. If you cant see that its because you don't want to see it because you're invested in it going back up. It's not my money depreciating so do whatever you want.

>>19250584
Cope

>>19249807
This is much comfier than last Brandon thread. Combining the two might be a good idea anyways due to relations, and also oil talk in general is interesting.

>>19250340
HOLD ON SEA CAT

>>19250443
>NAV
>Propped up
>assets being propped up
>implying STNG was gifted double its assets in a quarter without taking on any debt and somehow not making profits to do it
>STNG hasn't increased assets at all in reality

Holy shit, confirmed retard, get out you shill kek. Do you understand what NAV is? Do you even know what an asset is?

>>19250640
>NAV doesnt include cash windfall
I had to spoonfeed you yesterday on conversion notes and now I need to spoonfeed you on what NAV is? Why do you keep coming back for more asspounding? Hows your DHT looking today cuckold?

I just made 3 bucks on a 100 dollar investment with USO, could've made 6 if I hadn't panic sold. Second day of trading if you can call it that, I'm starting really small to get the hang of it

I have 10k in savings though and I want to make them grow, if I had invested them today I would've made between 300 and 600. I don't want to rush while not understanding half of what I'm doing but everything is so low, it seems too easy to make money

I'm gonna lose everything aren't I?

>>19250773
>Keeps mentioning DHT
>FRO
>INSW
>h-haha nothing to see there goys!

>>19250603
Sorry but you're actually retarded. You just implied that the NAV was "propped up" 2 billion dollars worth of assets in a single quarter. What type of crack rock are you smoking? They haven't gained any assets in the last quarter besides shares and like 1 boat. I can't believe I've been arguing with mentally disabled people this whole time.

>>19250773
I included "not making profits" in there on purpose for your proposed magic increase.

Their NAV has very little to do with this quarter (it hasn't been calculated, the 32 NAV is based on last year), and tariffs had very little to do as well overall. It is because they have a huge, new product fleet. They took a gamble and went into massive debt and loss for a few years reworking and building until it was completed, and now it is perfectly timed with these "windfalls" which will so graciously eliminate the debt and position them as dominant forces in the market place for their sector.

But back to the actual point, no, you retard. NAV isn't "being propped," because your retarded self doesn't realize fucking cash flow is a thing. What, you think all these profits STNG just sat on them like a dragon on his gold? No, they fucking paid off liabilities. They aren't sitting on "cash" and propping up their NAV, their NAV increased because of their fleet and now because they are deleveraging....which is not propping up, but removing liabilities and turning highly profitable.

And funny how you mention the notes yet forget when you portrayed charts dishonestly with total ignorance on rates and operating costs. You know jackshit about the companies or industry. They haven't gained assets, they had them and are reducing liabilities. That isn't being "propped up."

And for the record, my FRO more than offsets my DHT. It is why I don't bet on 1 company.

>>19250052
That's the question moving forward, both for tankers and oil companies. If demand returns back to pre-rona levels quickly, too fast for the oil companies to open closed/new wells, this will lead to an expedited draw down of oil storage and a rebalancing of oil. Perhaps will even see demand overtake supply for a minute. The US alone consumes 20 million barrels p/d. A successful reopening might even send this number soaring for a short while. This would be bullish for both tankers and oil companies. Such a scenario might even save many oil companies from going bankrupt as the spot oil price would skyrocket. The problem is that there's two major unknowns, that being whether or not a 2nd wave of rona is coming and if another oil war is on the horizon. If there is a second wave all bets are off that there will be a speedy recovery. A 2nd wave would be bullish for tankers short term, but extremely bearish for oil companies. Overall, a second wave would be bearish for the whole market (and global economy). I believe oil companies are waiting to see if demand gets back to pre-rona levels before they initiate any attempts to capture market share aggressively, like the Russia-Saudi price war. If there's a second wave w/ renewed lock-downs, supply will overwhelm demand again and oil will be in an even more precarious position. From what I’ve read, it seems oil companies are poised to get back into business should the oil market return, with US oil companies closing mostly older, less efficient wells and their newest shale play (easier to reopen, relative to other wells). A similar scenario seems to have played out in OPEC countries. Oil companies seem to be looking for a fast bounce back, which is good for tankers. Honestly though, this is a very unpredictable market. I have little confidence in my own projections or the projections of others. There’s still 30 million+ newly unemployed Americans, & the virus that started this is still here.

>>19250831
>I can't believe I've been arguing with mentally disabled people this whole time.
You know where you are, right?

NEW RYSTAD REPORT OUT:
https://www.rystadenergy.com/globalassets/pdfs/rystad-energy_covid-19-report_14_may_2020-public-version.pdf

>>19250481
First general, was not the first thread.

tanker rates still declining, these bags are getting mighty heavy frens

>>19250780
>could've made 6 if I hadn't panic sold.
You made 3.
Green is green.
Never get hang up on "I could have made more." Because you could easily made less.

>>19251195
HOLY SHIT WHAT FUCKING KIKES

Last week as we were going into June rollover their report said all demand was increasing as expected, demand was overtaking supply crisis averted, all production cuts are just fine and working as intended.

This week they scream that we are going to hit global supply unless we do more cuts now as demand has yet to overtake worldwide or we will be in danger of hitting the limit, floating storage will increase, demand is lower than expected, the US WILL bottleneck and needs to cut more if we are going to make it.

THEY FUCKING 180'ED THEIR VIEWS PREVIOUSLY ON HOPIUM, SAVED THE CONTRACTS, NOW 180'ED AGAIN TO BE REALISTIC.

Bullish for tankers though.

>>19251354
Wait until they read the new report I guess and everyone realizes their hopium isn't real.

>>19251415
Hopium doesn't need to be real to work. It just needs to be in constant supply.

We got fucked.

>>19251359

Yeah I figured as much, and I have a bad disposition for gambling so I have to be extra cautious with that. I'm really happy though, I feel like I can make some decent bucks if I'm careful and don't let my emotions get the better of me or else I'll FOMO and lose everything on a shitty stock. But I want to try a bit of my luck on USO

>>19251195
>>19251458
Yeah, I'm thinking we got fucked
https://twitter.com/BurggrabenH/status/1262880772903534592

>>19251195
THEY FUCKING JEWED US LADS. THEY FUCKING LIED

>>19251526
>>19251195
of course they fucking lied
>THERE WAS A DRAW FROM CUSHING HURRRRRR
yeah because they are refusing to unload the tankers which is what anyone with a brain has been screaming for the past 2 weeks

and, so what? THAT WON'T MAKE A DIFFERENCE AT ALL

everyone already KNEW they were lying and it didn't make a difference then. why would it make a difference now?

i've got SCO calls, UCO puts, DHT calls and i 100% guarantee you that not one of those fuckers will print. not a single one.

people WANT the hopium. they are PAYING FOR the hopium. they are SMOKING the hopium. they are ADDICTED TO the hopium

>>19251664
>people WANT the hopium. they are PAYING FOR the hopium. they are SMOKING the hopium. they are ADDICTED TO the hopium
So why don't you adjust to profit from the market and not the reality? Are you insane? Hoping for some honor-points to be added to your accounts?

>>19251729
that is exactly what i am doing with what precious little is left of my money while my puts and calls sit 100% worthless until they one day will mercifully expire

>>19251482
And not in a good way.
QUAAAACK

>>19251458
>>19251482
>>19251526
>>19251664
Won't this be like drawing back a rubber band? I am feeling extra comfy. Tankers have grown to like 15% of my total portfolio.

tell me this shit isn't coordinated and that we aren't being ACTIVELY FUCKED IN THE ASS RIGHT NOW

that report came out when?

THIS FUCKER IS ON CNBC RIGHT THIS SECOND SAYING THAT THERE IS NO STORAGE PROBLEM

>>19251458
Fucking lying mother fuckers. We all knew the real case, we knew data was manipulated and shit was fake news. Mother fuckers.

>>19251482
JEWISH LIES LAST WEEK! DRAW MY ASS!

>>19251932
I AM SO ANGRY, LOOK AT HIS NOSE AND HEAD! WHY CAN'T YOU BE HONEST!

Tankies in meltdown once again, I wish I could say I'm surprised but I ain't. Brandon won again...

lmao imagine holding these shitcoins

>>19251903
I am thinking it should be. Should be. But this market tends to not be what it should be.

Got 2841 shares of CPE

Markets don't make sense anymore, just buy GUSH frens