/tsg/ Tanker Stock General

[Anonymous No.19115781]

Put tanker on my tombstone edition

>Highlighted links
https://pastebin.com/yQQiZcTL
https://seekingalpha.com/article/4343722-talking-tanker-trade-podcast

> Tanker education
https://www.investopedia.com/articles/investing/012316/crude-tankers-business-transporting-oil.asp
https://lawexplores.com/the-tanker-market-current-structure-and-economic-analysis/
https://www.mckinseyenergyinsights.com/resources/refinery-reference-desk/tanker/
https://www.euro-maritime.com/index.php/navigator?id=3080

>Maritime news
https://lloydslist.maritimeintelligence.informa.com/
https://www.marinevesseltraffic.com/2013/02/tanker-track.html
https://www.freightwaves.com/american-shipper
https://shipbrief.com/
http://www.crweber.com/ (no https)
https://pastebin.com/HpGZm3dG

>Companies
https://pastebin.com/TnN1aeQz

>Oil news
https://www.eia.gov/outlooks/steo/report/global_oil.php (look at that V, lol)
https://oilprice.com/Energy/Oil-Prices/
https://www.spglobal.com/platts/en/commodities/oil
https://www.rystadenergy.com/newsevents/
https://nhentai.net/tag/oil/

>Oil futures
https://www.investing.com/commodities/

>Past earnings reports (alphabetical)
ASC: EST EPS $0.14, actual $0.20.
DHT: EST EPS $0.54, actual is $0.44 (divvy of $0.35).
EURN: EST EPS $0.86, actual $1.05 (divvy of $1.10).
INSW: EST EPS $1.45, actual $1.49.
NNA: EST EPS $0.00, actual $0.94.
OSG: EST EPS N/A (Q4, 2019 was $0.12)., actual $0.28.
STNG: EST EPS $0.49, actual $0.82.

> Earnings report(s) expected today
None. If I’m wrong, enlighten me.

> Upcoming earnings reports calendar
NAT on 5/18, not specified
SFL on 5/19, pre-market
TNK on 5/21, pre-market
FRO on 5/29, pre-market
TNP on 6/4, pre-market

>Oil futures rollover date
May 19th, 2020

Previous thread:
>>19108246

[Anonymous No.19115827]

COLD DEAD HANDS

[Anonymous No.19115834]

Tankerturd research/action plan or how to profit from the tankie


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

[Anonymous No.19115843]

How are futures traders not shitting their pants right now and fire selling? It's gotta be terrifying holding on to millions of barrels worth of contracts. The United States government can only prop up the oil market for so long before it becomes fiscally irresponsible. Today has been super weird...

[Anonymous No.19115866]

>>19115834

[Anonymous No.19115881]

LMAO at retards who thought oil would save them


Lmao no one needs oil anymore

[Anonymous No.19115884]

[Anonymous No.19115885]

My hands are so cold but I really want to see some positive movement next week

[Anonymous No.19115942]

>>19115781
Comfy divvies and good returns will come to you, but only if you reply "HOLD ON SEA CAT" in this thread

[Anonymous No.19115969]

>>19115866
Brandon fears the screencap.

[Anonymous No.19115991]

>>19115781
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

[Anonymous No.19116000]

>>19115969
Tanklets brag about how much they lose

[Anonymous No.19116003]

>>19115781
Let us pray.
Praise be to Lawrence my rock, who trains my hands for holds, my fingers for divvies. He is my loving Boomer and my fortress, my stronghold and my deliverer, my shield, in whom I take refuge, who subdues Brandons under me.
AMEN

[Anonymous No.19116066]

Friendly reminder to talk to bears, filter brandons.

Example: >>19116000
Filter

BRANDON WILL FOLLOW FLOWCHART FUD, HAVE BEEN PROVEN TO BE SAMEFAGGING, PROVEN TO NOT BE FROM 4CHAN,

Remember, we got in at a better price than institutions.

If you're curious about Tankers, feel free to ask questions and we'll pull up the relevant data for our case.

[Anonymous No.19116142]

So guys, with wti oil gon to Hit 30$ soon how hard do you think its gonna drop?

[Anonymous No.19116248]

>>19116142
The problem that caused last months' negative event has not gotten better, it's gotten worse.

Anything less than catastrophe will be due to criminal misconduct somewhere.

[Anonymous No.19116271]

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

[Anonymous No.19116409]

>>19115942
HOLD ON SEA CAT

[Anonymous No.19116420]

>>19115881
>KEK

I literally cannot stop laughing Brandon, that is an epic meme.

[Anonymous No.19116454]

i'm having a really hard time reconciling what i am seeing

either this general, and everything we've been talking about, has been 100% wrong the entire time, or this is going to be a once-in-a-century scale event

i don't even know anymore

if monday comes and we fucking crab. i don't know what i'll do. financially i'll be fine but i may walk away from the markets forever

[Anonymous No.19116498]

>>19116454
I'm losing my mind

[Anonymous No.19116530]

>>19116454
I'll be financially ruined if this shit keeps up
My hair will probably turn white too

[Anonymous No.19116537]

>>19115942
HOLD ON SEA CAT

>>19116142
minus 100

>>19116454
There is no reconciliation. We either are 100% wrong and some sort of secret group is holding information out on the world except to the very few people in this 10% volume environment on oil futures, or this will be a crash unlike any we have ever seen for oil

[Anonymous No.19116560]

https://seekingalpha.com/article/4348054-value-investors-should-strongly-consider-scorpio-tankers

>Value Investing Now to what I believe is the most striking metric in the entire oil tanker industry. STNG is, currently, trading at 45.3% of its NAV. Theoretically, if STNG were to sell all of their assets and pay down all their liabilities, investors would instantly be entitled to $37.05/share.

[Anonymous No.19116563]

Locked and loaded with tankers!

[Anonymous No.19116594]

>>19116454

Don't bank on Monday, but watch the market over the course of next 15 days. It's like Buffet says, stock markets transfer money from the patient to the impatient.

[Anonymous No.19116602]

>>19116454
The market is smarter than you give it’s credit for. Every actors participating in the oil market rn have been working around the clock to ensure that the futures price will never go negative again. In effect priced in is not a meme, it is a feature. It’s is once in the lifetime event and the ship has sailed

[Anonymous No.19116637]

>>19116602

We're not betting on negative exactly, but instead betting on oil price drop. Point taken however, we'll have to wait and see.

[Anonymous No.19116661]

>>19116602
if you punched a hole in cushing and drained it, then repaired the hole, you wouldn't have created enough room to store all of the oil from the saudi flotilla alone, and they're just the most recent arrivals

[Anonymous No.19116688]

Wow Brandon was wrong these stocks are great investment. Y'all are down 50% or more ! That is so good how can I be smrt like y'all and lose half my moneys

[Anonymous No.19116727]

>>19116602
Haha ship has sailed


Haha tankers tanked

Haha winners lost half their money

[Anonymous No.19116752]

>>19116661
I agree that's why you lost half your money. Any other brilliant ideas and insights from the basement?

Get it basement because it is underground like your portfolio? Get it? Sublevel? Lmao

[Anonymous No.19116807]

>>19116661
This
>>19116602
https://www.bloomberg.com/news/articles/2020-05-14/saudi-oil-rush-threatens-to-disrupt-stabilizing-u-s-oil-market
for reference among others.
There is no institution that seems to be into june, it's all july, august, even september and after. If you look at raw volume, this seems to confirm since it's outrageously low. And nobody can actually accept delivery, so how is that possible?
Finally, the only bet is that supply stays too high so that offshore storage remains necessary. Any economical environment that allows this is good for us.

[Anonymous No.19116895]

doubled down on tk so I'm technically only down 40% now.

[Anonymous No.19116897]

>As he ramps up his push to reopen the country, President Donald Trump on Friday announced a former pharmaceutical executive and Army general to lead his administration's effort to develop a coronavirus vaccine for a project he called "Operation Warp Speed."
Please don't tell me this is what's holding everything up

[Anonymous No.19116914]

>>19115781
Thoughts on CDEV? Was a 20 dollar stock 2 years ago

[Anonymous No.19116921]

>>19116897
the hopium has been flowing since this morning when they manipulated the market by tweeting that he had "vaccine news" to share or some bullshit like that

[Anonymous No.19116940]

Is it possible that we're not going to see a huge price drop due to the overall lack of volume? It's not hard to fix prices at 30 if nobody is buying or selling.

[Anonymous No.19116958]

>>19116897
I have bad new for anon...

[Anonymous No.19116979]

>>19115881
Now that’s epic xD. Brandon that’s a nice meemee. Cool stuff!

[Anonymous No.19117003]

>>19116897
Once again it's drumpfs fault you guys were retarded and thought tankers were a good idea

[Anonymous No.19117018]

>>19116940
Someone has to physically take delivery, or pay somebody else to, and there is NOBODY who has available storage.

[Anonymous No.19117023]

[HATE TANKERS]

[Anonymous No.19117040]

>>19116979
Good news guise our precious tankers won't go down tomorrow because it's Saturday. Get it? The markets closed. So we won't go down

[Anonymous No.19117056]

>>19117018
Haha no, why do you think that?

[Anonymous No.19117107]

Well, I did some portfolio reorganizing. Surprised I am held afloat with this, but I guess I am ready. I bought 100 more shares of STNG today, sold 50 shares of EURN, sold all my TNP.

Now I own 500 DHT, 500 FRO, 200 EURN, and 200 STNG. With 25 SCO.

Now I actually am very leveraged. But with STNG as it is, I couldn't resist. And My opinion of TNP got lower + EURN is close enough to where I bought it to not be an actual loss. Guess I am ready for next week, well fuck. Let's go, my bets are in, my margin is more than my cash at 1.05 ratio (but well below requirement), I am as ready as I ever will be. I am as ready as I will ever be.

[Anonymous No.19117134]

Time's up, Brandon.

Everybody who could be shaken out has been shaken out.

Your work here is done.

We look forward to your reprogramming, but I do wish for a way to recognize you when you return as Dustin.

[Anonymous No.19117180]

>>19116940
There's still something like 60m barrels trading, it would be possible if it was 10000 barrels or whatever.
>>19116897
Remember that day where gilead pretended their vaccine worked by paying someone to lie about it, and the whole market rallied?
Remember what happened after it was revealed it was all a lie?

[Anonymous No.19117184]

>>19117134
Maybe he'll have a new 12 point list that says it's irrefutable at the end

[Anonymous No.19117192]

I was really hoping DHT was gonna pump into the ex divvy date.

[Anonymous No.19117261]

>>19116563
Holy shit, congratulations on your 525$ dht dividend on monday

[Anonymous No.19117335]

>>19117192
I wonder how bad it will crash on monday

[Anonymous No.19117338]

>>19117192
That surprised me.
FRO went up 4.5%
DHT with dividends over weekend barely went up.

[Anonymous No.19117635]

>>19117261
500$ EURN divvy too

[Anonymous No.19117673]

Does anyone remember if during the 08 financial crisis the feds were shilling hopium as hard as they are for COVID?

[Anonymous No.19117739]

>>19116563
Damn. Wealthy. Poorfags can't compete, congrats on 500 free dollars on Monday.

>>19117192
I actually don't understand this. The only thing I can think of is mass ignorance.

>>19117335
If it doesn't crash, there is something fundamentally wrong in this market because fundamentally and with physical reality's backing 30 dollar per barrel final matching trades on rollover day for the remaining barrels of oil is...just not sustainable in this environment.

Speaking of which, anyone got a source on the open interest and remaining barrels of oil to go now that markets closed?

[Anonymous No.19117763]

>>19117739
I meant DHT crashing on ex div date.

[Anonymous No.19117765]

>>19117673
came out of fucking nowhere

[Anonymous No.19117798]

>>19117739
I don't think they'll recalculate open interest until Sunday evening.

[Anonymous No.19117895]

>>19117180
>Remember what happened after it was revealed it was all a lie?
Crabbing for a while, then more crabbing?

[Anonymous No.19117948]

>>19117635
EURN is still open for now.

[Anonymous No.19117961]

>>19117335
That is my concern as well. Oh well if it manages to not dump (or god forbid pump) i'm gonna collect my 1000 dollars and trade into more EURN

[Anonymous No.19117980]

>>19117895
It crashed hard, then crabbed, then got memepumped. Then crabbed again.

[Anonymous No.19117997]

>>19117948
>>19117961
When's EURN ex-date?

[Anonymous No.19118026]

>>19117763
Ah. Well, oil should. If it doesn't....yea. DHT might go down, or if oil plummets then DHT might go up anyways because algos are stupid and been trading on inverse. Hence why I bought a hella lot more STNG now.

>>19117798
Well that sucks. And is pretty inefficient.

[Anonymous No.19118040]

>https://seekingalpha.com/article/4348107-dht-holdings-be-worth-16-per-share
if only

[Anonymous No.19118082]

>>19117997
from there q1 statement:

FINAL 2019 DIVIDEND & Q1 2020 DIVIDEND

Euronav is transitioning to a quarterly dividend distribution policy (previously a semi-annual distribution) which means that there will be two dividends distributed in the second quarter. One dividend is related to 2019 and requires the approval of the shareholders at the AGM (see below) and one dividend is related to our first quarter results.

The timing of dividend distributions is provided herewith below.

2019 dividend (coupon 20)

AGM 20 May
Ex dividend 28 May
Record date 29 May
Payment date 09 June
Q1-2020 dividend (coupon 21)

Board Approval 5 May
Ex dividend 15 June
Record date 16 June
Payment date 26 June

[Anonymous No.19118219]

>>19118040
i wish but i doubt it

[Anonymous No.19118244]

>>19117980
>It crashed
What? Define "it". Some contract you were focused on at the moment? The market certainly did not crash after that

[Anonymous No.19118302]

>>19118244
(You)

[Anonymous No.19118310]

>>19117673

Fed announced QE after 10 months. Funnily enough this is when gold started it's bull run. We never stopped QE, and got QE: Infinity in mid march this time around.

[Anonymous No.19118351]

Guys I've heard from unconfirmed that LR2 Rates spiked to North of 150k from an insider of J metzmyer. 100% unconfirmed but look out for LR2 rates.

[Anonymous No.19118420]

>>19117134
What's sad is your relentless shilling only makes the tankerturds go down like y'all are bad at picking stocks but even worse at shilling them

[Anonymous No.19118465]

>>19118420
Brandon it's Friday night why don't you take off early for the weekend? You've worked hard all week you deserve it.

[Anonymous No.19118521]

WHOAAHOA The sea be rocky and a cruel mistress, but she be tsundere as fuck, and once she warms up, aye, she be as sassy as all the wenches in Tortuga yet loyal as a prim and proper Port Royal lass. Hold tight lads.

[Anonymous No.19118541]

>>19118420
I’m not going to lie and say this is a good buy. I fully regret it and only hope to break even someday. Not all of us are foaming at the mouth delusional trying to justify a mistake.

[Anonymous No.19118543]

>>19118310
>>19118351
Ah yes, feels good having a lot of STNG now at these prices. Not even bagholding it, STNG average price is 17 dollars for me. Also nice to have some of "unfathomable cash buffer" EURN. And now if you check, today there is bullish articles for tankers posted around. Like these:
https://seekingalpha.com/article/4348054-value-investors-should-strongly-consider-scorpio-tankers
https://seekingalpha.com/article/4348036-why-scorpio-tankers-is-positioned-to-double-market-cap-2021
https://seekingalpha.com/article/4348107-dht-holdings-be-worth-16-per-share

Gotta love when analysts value DHT at 16 dollars and you are buying below 7.

[Anonymous No.19118560]

>>19118351
Mintzmyer said that? When? Do you have sauce? Twitter?

[Anonymous No.19118563]

>>19118543
If DHT goes to 16 I will tattoo a tanker on my chest

[Anonymous No.19118566]

Just got assigned 200 Shares of NAT because it was .03 in the money.

I just wanted off this ride anons :(

[Anonymous No.19118608]

! IF YOU SELL DHT AFTER HOURS YOU STILL GET TO KEEP YOUR DIVIDENDS !

[Anonymous No.19118666]

>>19118608
i wish

[Anonymous No.19118736]

>>19118521
Kek. The sea of market prices is tsundere af, but she is cute in her own way. She seems like she might bashfully be ready for the our Big Port.

>>19118563
Better shave your chest hair while you can then.

>>19118566
>NAT
oh you poor soul. Only tanker not expected to be a ridiculous value investment.

[Anonymous No.19118886]

>>19118736
Rising tide lifts all boats, etc etc.

[Anonymous No.19118901]

>>19118886
NAT will profit, yes, don't worry. Just probably not as much unless retail FOMO is THAT BIG. It would be the first overvalued though.

[Anonymous No.19118970]

>>19118901
>>19118886

i got NAT @ 4.99 today just to hold for hopeful monday pump on earnings. will be selling monday hopefully

[Anonymous No.19118977]

>>19118970
>pump on earnings
hahahahhahaha

[Anonymous No.19119028]

>>19118977
OSG pumped on earnings

[Anonymous No.19119060]

>>19118608
nope.
You have to own them at the ex-date session opening.

[Anonymous No.19119111]

>>19119060
I just sold at 6.40 but I have 30% dividend withholding tax anyway
6.40 - 0.35 = 6.05 but i lose $0.105 per share anyway

[Anonymous No.19119157]

>>19119028
Nothing pumped on earnings except osg, and osg got slam dunked into the trash right after.

[Anonymous No.19119238]

>>19119157
correct which is why you sell during the earnings call

[Anonymous No.19119244]

>>19118543
I bought $2k of stng at $22, should have been more patient. Looks like I'll make a decent gain anyways.

[Anonymous No.19119282]

>>19119244
Heh. I bought $40k of STNG at $23. Selling covered calls and hoping to break even by June.

[Anonymous No.19119332]

>>19119282
Did you spread put your total investment for tankers or was it all in on them? And shit, I wish I had 40k.

[Anonymous No.19119431]

>>19118543
The only way DHT goes that high is if they stop or substantially reduce dividend and early Q2 market conditions persist, neither is likely.

[Anonymous No.19119459]

>>19119431
There's no foreseeable reason why early q2 won't not only persist but worsen, which is good for us. $16 target from the analysis, as far as I could tell, took dividend into account already, if they cut dividends it would tank the stock for a while anyway (though the upside would be much higher in conjunction with longer-term prospects, which probably wouldn't ever materialize, hence a net negative).

[Anonymous No.19119565]

>>19119459
Its already changed though. Oil demand is picking up and the contango is dead in the water right now. No signs of panic from the futures traders with the contract rollover coming up Monday either. The long term charters and lucrative spot contracts will carry DHT for the next couple of quarters but the moon mission is cancelled.

[Anonymous No.19119579]

>>19119565
I hate to admit it but you’re probably right.

[Anonymous No.19119601]

>tfw waiting for FRO earnings and divvies

[Anonymous No.19119674]

If you get more stocks for dht monday morning, will you still get the divvies?

[Anonymous No.19119733]

>>19119565
>Its already changed though
Only in your mind. Saudi tankers are reaching the USA and they have so much oil they would completely fill cushing to the brim... if cushing wasn't ALREADY FILLED TO THE BRIM.
It's true that there hasn't been any futures panic yet, however there is no institutional interest in the june futures whatsoever. This could mean the only people invested are retards who learned nothing from last month and it's not yet clear how the price will be affected. Unless those traders have spots on tankers (good for us), there is no way they can ever receive the barrels.
Moon mission is all but guaranteed among all tankers.

[Anonymous No.19119783]

>>19119674
no

[Anonymous No.19119794]

>>19119459
>only in your mind
What if I told you there are other places to store oil on the gulf coast? And that they have enough storage right now for the armada and another 30 million barrels? And that I watched some of those tankers unload today?

[Anonymous No.19119806]

>>19119794
I'd tell you you have a lot of catching up to do.

[Anonymous No.19119822]

>>19119565
MMM yes, tell me, are you going to stick the 183 million barrels of oil up your ass? Is that what you consider demand? And then you can put the extra 50 million from the Saudi Arabian fleet up your mom's ass?

>https://mobile.twitter.com/JKempEnergy/status/1260848201910890496

[Anonymous No.19120145]

Cramer just said EURN is no good because the shipping company have had their run but it's time for greener pastures.

[Anonymous No.19120221]

>>19120145
He’s not wrong, it’s been time for greener pastures for weeks.

[Anonymous No.19120262]

>>19115834
You are a nigger

[Anonymous No.19120326]

>>19119822
Why are you so mad? There is space albeit barely. Refineries will make room if needed as they are ramping up production to take advantage of expanded margins and rising demand.

[Anonymous No.19120340]

>>19119794
If you told me that I would ask you where they were unloading

[Anonymous No.19120383]

>>19120326
this kills the tankie

[Anonymous No.19120395]

>>19120340
Brandon is a poorfag who lives in Arizona or Colorado. Not many tankers unloading there.

[Anonymous No.19120464]

>>19120326
Lol that's just not true. I have a cousin who works in a refinery and originally put me on this play, he's an operator. They've still got a shit ton of excess crude waiting to be refined, and they're not getting much new crude. He said they're running at like 60% the normal rate and have laid off a ton of guys. Perhaps if demand picks up significantly, but the profit margins for refineries are pretty shit right now so they're not producing as much distillate fuels.

>Y U MAD BRO XD

[Anonymous No.19120470]

>>19120326
>doesn't even understand own source
https://www.forbes.com/sites/michaellynch/2020/05/05/some-clarity-on-oil-storage-capacity-estimates/

[Anonymous No.19120477]

>>19120326
Cool. All they have to do is use the pipeline that goes from California to the Gulf.

[Anonymous No.19120507]

>>19120340
LOOP and GOLA

[Anonymous No.19120624]

You tankies need to abandon ship after Monday. There's just so much better stocks out there that are still down like Darden, Planet fitness, McDonald's. Make up your losses at this point. Was a tankie until OPEC started cutting and Trump jumped on board the oil train....it's over boys. Cut losses, find another sector.

[Anonymous No.19120648]

>>19120383
It seems you don't understand refineries haven't processing nearly as much crude. There was a lag in April, it's only going to get worse from here, so who's bidding up all the crude?

[Anonymous No.19120674]

A Sonnet for Brandon:

Soon, in disgrace with fortune and 'non's eyes,
You all alone beweep your outcast state,
And trouble deaf Morgan with your lootless cries,
And look upon yourself, and curse your fate,

Wishing to be like tankerchads you cope,
Hoping to be like them with gains possess’d,
Watching tankies winning you get your rope,
Words can't measure our joy in your losses;

And in these markets ourselves almost despising,
Haply we think on thee, and your vain FUD
As bright shanties on choppy waters rising
From weakened spirit, your cries uplift our gates;

From your shilling our hands again are forged
Fortune awaits the tankers on The (Big) Port.

[Anonymous No.19120673]

>>19120624
Just waiting for a bear thesis that makes even a remote amount of sense.

[Anonymous No.19120710]

>>19119431
Honestly, we will know if early Q2 conditions persist by Tuesday. Furthermore, since they have fixed rates even if we undergo a demand shock and go into backwardation afterwards, those rates are secured until 6 months or more which will have production up again from demand shock online by then which creates another contango thus keeping rates up. So really, either we continue contango operations, or we violently swing back and forth which effectively does the same thing. I was all for "get out during Q3" before, but looking at the developing market I am kind of unsure about that now and think it might be too early. idk, market can keep changing and developing to make that point moot, but it is fully possible. Production volatility for 2 years+ (what the report estimates IF we have backwardation and not continued super contango) still secures fixed rates into backwardation months from contango and spot prices at high contango. I don't see how oil demand volatility and demand shock can be negative to smart companies like DHT which take advantage of spot and fixed. And of course, this is assuming we just don't oversupply and cheat but instead diligently cut production until demand outweighs and then start up again. Both outcomes are good for tankers, only "return to normal non-volatility" production without oversupply would be bad....and that just isn't happening.

Also extremely based dividend payouts regardless, wow.

>>19119601
Same, I am eager and anxious. I need to know my divvy.

>>19120145
Cramer is a fucking idiot. Remember, this is the same guy who said "NAT has the largest fleet in the world" and shilled it.

[Anonymous No.19120791]

>>19120674

We've got Oil Anon
USO shorts, EURN Longs
Goldman shills, Paying our bills
Insider privies, FAT ass divvies
Dataposters, Shanty posters, Brandon roasters
Macro analysis, Foot fetishists, Our own boomer antagonist,
On kidney Dialysis
So grab a pot, read the Metz's latest report
Get yourself comfy, and welcome to The Big Port

[Anonymous No.19120878]

>>19120624
>abandon ship after Monday.
Monday we will see if there there is lack of storage or not.

But you are right. Though buying stock Monday without checking oil is stupid.
You forgot what happen in 21st of April?

[Anonymous No.19120972]

REMINDER TO BE A PATIENT INVESTOR

If you're in tankers for the short play, let the oil situation work out over next 15 days. Then make your choice. BANKING ON MONDAY TUESDAY MOON IS RETARDED AND IS HOW YOU LOSE ALL YOUR MONEY.

Remember stock market is a way of transferring money from those who are impatient to those who are patient.

[Anonymous No.19120990]

>>19120710
Nothing you said mater if the market doesn't see it and goes into it.
If oil doesn't do fancy tricks Monday and the rollover goes silky smooth we are fucked.
Tankers will drop like a sack of potatoes until, idk, companies start buying back shares in shame or institutional traders flock onto it for the dividends.
DHT is starting Monday with a ~30 cent drop or maybe not since there didn't seem to be many dividend hunters going in.
NAT has earnings Monday too.

GONNA BE HONEST GUYS, ALL THE DRAMA AROUND THIS EXCITES ME.
Sometimes I even forget I have money into this.

[Anonymous No.19121023]

>>19120972
patience only works in growth industries which tankers are not, its not looking good for contango 2.0 next week so I'm prepared to liquidate and move onto other things where I can make up my losses

[Anonymous No.19121080]

>>19120674
Beautiful anon, comfy.

>>19120791
This is gold anon, GOLD! 10/10, would port again and needs more attention. This really is like a movie at this point. The only thing possibly missing is "Guest staring Lawrence Carroll."

>>19120972
I am in this longer until value goes down. I like value investing. But realistically it should go up Monday and Tuesday, let's not kid ourselves. now "mooning" or "not going down a bit after"....yea, have patience.

>>19120990
I cannot imagine how it can go over silky smooth honestly. But if the market doesn't see it....what, you expect me to believe STNG for instance will trade below 50% NAV forever not counting future deleveraging and the obscene profits? That's not a thing, it just becomes a waiting game at that point in which i will certainly wait.

[Anonymous No.19121083]

>>19120972
I can hold this another week but really we are fighting the will of the world and the longer things go on the more likely we are to lose

[Anonymous No.19121138]

>>19120990
Institutions are already very heavily into tankers. For several big tankers they're almost all, or completely all investors in that tanker.
If the rollover goes silky smooth it means something is fucked. It does not mean tankers are fucked. It means either the data about storage was wrong (then tankers may or may not be fucked), something's really fucky about the traders (e.g. they'll sit on the contract and won't come collect which will only cause action in the week that comes), or it's manipulated to shit such as by someone with deep pockets having hired tankers to make sure tanker prices stay low by preparing to accept delivery of the oil, thus giving the illusion that the storage issues were overblown, thus repressing tankers (or many of these).
Of course if market is magically blind to the fact those companies are posting record-breaking earnings one after the other and are trading at a fraction of NAV, nothing happens. But stock market is always, regardless of what you invest in, risk management. There is literally no conceivable risk here; that is, while we could all simultaneously be struck by lightning tomorrow, this isn't even worth taking into account in the calculation given the likelihood. Conversely, even a fairly major loss here would still average out to nothing but a prick if trades with similar risk profiles were performed by us on the regular.

[Anonymous No.19121328]

>>19121083
sentiment has been against us for a good 3 weeks now, it doesnt matter what the fundamentals are if no one wants to buy it, I'm not interested in holding a stagnating sector long term for dividends in my small account so i'm done after tuesday

[Anonymous No.19121396]

If you can't comprehend
COLD
DEAD
HANDS
You don't deserve the reap the rewards

[Anonymous No.19121522]

I sold all my DHT to avoid the 30% withholding tax
Hopefully it drops by more than 35 cents on Monday

[Anonymous No.19121547]

>>19121522
Literally the dumbest post in this thread, and we have brandon plaguing it.

[Anonymous No.19121597]

>>19121522
it will drop 40 cents on monday and another 40 by friday

[Anonymous No.19121602]

>>19121547
If DHT is $6.35 and it drops by $0.35. I gain by buying back because I get taxed 30% on the $0.35 by the IRS.

I only receive 70% of the dividend payout.

>>19121597
Great

[Anonymous No.19121642]

$FRO appears to be forming an oversold fishhook... will be monitoring throughout next week for a buy opportunity if it doesn't dump again by Wednesday or so... you never know with these tankers though

[Anonymous No.19121784]

>>19120791
Kek

[Anonymous No.19122457]

Thank y'all for following my playbook and overacheiving my predicted 10% drop for the week capping my spectacular arrival on this board

15% loss aint too shabby for y'all either. Next week I predict a fifteen % loss then slowly crab down until you sell

[Anonymous No.19122622]

>>19122457
it’s amazing how we spell out exactly what will happen with tankerturds but they continue to double down attempting to use a safespace echo chamber to reinforce their desire to gamble more

[Anonymous No.19122836]

>>19122457
>>19122622
Holy shit you are actually trying to samefag? That's getting desperate Brandon, even for you; everybody knows your writing patterns.

>Y'all and tanker turds

[Anonymous No.19122855]

>>19122457
>>19122622

[Anonymous No.19122987]

>>19122836
I’m actually not, but you need to believe that so you don’t feel like the general sentiment has turned against your position. Emotionally it’s easier for you to pretend it’s only one person who thinks tankers are a shit sector.

[Anonymous No.19123125]

>>19122987
Why are you concerned about my portfolio positions? It's so hard to argue with you Brandon's because every time we bring up a valid point you refuse to try and understand our situation.

Also, what do you mean by general sentiment? The market has decided that tankers are now essentially worthless? Explain.

[Anonymous No.19123335]

>>19120791
Top kek

[Anonymous No.19123400]

>>19120791
Updated for our pleasure

[Anonymous No.19123473]

>>19123400
Check'd and kek'd someone should make a scrapbook with all these fantastic memes.

[Anonymous No.19123489]

>>19123400
Top work anon, my paint skills could use help

[Anonymous No.19123527]

>>19123125
It’s a pnd sector I made money off of when it was relevant so I found it curious that people were going long into a non growth sector and encouraging others to do the same. I don’t care if you don’t listen I just find the mentality here fascinating. It reminds me a lot of shitcoins and the emotional cult like following they have.

[Anonymous No.19123592]

>>19123400
I can't stop laughing at this

LMAO look at Wojack Carell hahahahahaha

[Anonymous No.19123687]

>>19122987
You really need to expand on the "tankers is a shit sector" in more than single sentence replies. Give me math, not just links to the first google hit for "oil tankers suck" and faceless opinion. "The price went down" isn't good enough either, We know the price action sucks.
Should share prices fall enough these companies would simply go private and keep their shekels to themselves. Some analyst at Douche Bank told EURN to do just that.
There's a real issue with quality of data at the moment, and the data itself being bogged. No one seems to know if the EIA data includes the honkin' chonk horde of tankers sitting offshore (Which would have unloaded and left give a choice- people pay money every day product isn't moving). Rystads latest update is now saying July until storage(s) are full; something which my own numbers don't agree with, even including supply cuts.
Either millions of barrels of oil has suddenly gone missing or the markets are so bogged that they're fixing the data to hold prices up, even though effective storage is already full. People do not rent out fracking tanks and other storage means when tanks are available.
>>19123527
If it were shitcoins I'd agree. The problem is the fundamentals are saying there is too much oil and how long can irrational markets hold out vs reality? Same goes for the SPX- 30 million unemployed and god knows how many bankruptcies / foreclosures / defaulted credit cards are going to come up in the next 3 months.

[Anonymous No.19124048]

I sold all my DHT to avoid the 30% withholding tax
Hopefully it drops by more than 35 cents on Monday

[Anonymous No.19124138]

>>19120507
Now I know you're 100% full of shit.

Brandon is in the mountain time zone, evidenced by a picture he posted earlier which he left time stamped like the fucking retard he is.

And you were watching tankers unload in Louisiana today? Hundreds of miles away while shitposting here the whole time?

Did you drive across Texas and back today you piece of shit?

Fuck off, faggot.

[Anonymous No.19124161]

>>19124048
What's the reason for doing this? Capital gains are taxed as well so I don't see the benefit.

[Anonymous No.19124174]

>>19124161
I do not have capital gains tax but have a 30% dividend withholding tax

[Anonymous No.19124185]

>>19124174
And anyone holding tankers in this thread is probably sitting on a loss! Thats a tax write off!
I only get 70% of the dividend
$6.35 - $0.35 = $6
Instead I lose another $0.105 because of the tax

[Anonymous No.19124188]

>>19124174
What country is that?

[Anonymous No.19124194]

>>19116563
Do you pnd oils? I've been going from marathon to qep a lot lol. I've made some monies

[Anonymous No.19124204]

>>19124188
Singapore yes

[Anonymous No.19124215]

>>19123527
See now that's a valid point! It's probably true that tankers have no room for growth, after all they simply transport oil.

However, in my opinion, what more can you ask for then gaining money just by transporting oil? Think about their business plan for a minute: Let's assume the spot market rates for the next 10 years are above breakevens of 8k a day, which in my opinion is very reasonable. If you pick a company with proper management, and they redistribute 80% of the net revenue directly to the investor (DHT, EURN) and use the other 20% to maintain or order new ships etc, why wouldn't you invest? I'm not saying it's free money, the obvious risk is the constant chaotic nature of the market that the tankers exist in. After all, they have like 20 pages of reasons on most of the 10K's to explain why they're not guaranteed to make money. But then let's introduce the oil glut and contango that exist(ed?), these companies have already locked in favorable conditions that just straight up print money!

Another good argument is that a lot of these companies are saddled with debt. This was because in 2008 everyone was scrambling to produce and obtain tankers as fast as humanly possible, which meant a massive tanker oversupply that was never burned off and a shit ton of debt (fucking moronic management). Now we have a bunch of shipyards that aren't being used, constantly going bankrupt and the tankers themselves are more valuable when they're scrapped. However, after 12 years, we've reached record lows for crude tanker production. It's taken over a decade to reach an equilibrium between supply and demand, but we're finally reaching it, and that's why I'm optimistic about the future. I personally believe that as population increases, oil will need to be transported, and the production of tankers will finally balance out with demand.

The tanker sector is complex. Just because it hasn't been successful doesn't mean it's destined to fail.

[Anonymous No.19124224]

>>19124185
Most countries tax both dividends or capital gains

[Anonymous No.19124242]

>>19124224

[Anonymous No.19124273]

>>19124242
I said most countries, I'll believe you on singapore m8.

[Anonymous No.19124299]

>>19124242
The second snippet does not apply to you because you're receiving dividend from an american company. This can be considered business income, eligible dividend income, uneligible dividend income, return on capital... or any other number of things depending on tax exemptions and such. Moreover tax treaties could return the 30% end of year in your taxes.
In the first snippet, it's not clear that it doesn't apply to you as you are in fact a trader (you bought and sold the shares with a profit-making purpose, but the snippet is too mangled to understand if this only applies to a class of asset or if property here means any asset class).

[Anonymous No.19124344]

>>19124299

>>19124299
2. see picture

1. https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Taxable-and-Non-Taxable-Income/Determining-the-Existence-of-a-Trade/
non existent

[Anonymous No.19124362]

>>19115781
You're all a bunch of retards.

[Anonymous No.19124393]

>>19124344
The pic just confirms what I said, and is irrelevant to either of my points.
Your link, however, guarantees you are considered a trader and therefore that you ARE taxed, with possible exception only if you go boomer-long. Similar distinctions exist in other countries.
I'm going purely off the documents you've provided so far, but it very strongly seems that you don't understand your tax situation.

[Anonymous No.19124404]

>>19124362
why

[Anonymous No.19124470]

>>19124393
That'd be hilariously if he just gave up divvies for no reason.

[Anonymous No.19124494]

>>19124393
there's a 30% dividend withholding tax on all us dividends

https://www.daytrading.com/taxes/singapore

[Anonymous No.19124511]

>>19124470
>>19124393
30% dividend withholding tax dumbass
https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp
Nonresident aliens are subject to a dividend tax rate of 30% on dividends paid out by U.S. companies.

[Anonymous No.19124561]

>>19124494
>>19124511
We get it you don't speak english. He's saying it's likely both capital gains and dividends in your country are taxed.

[Anonymous No.19124571]

>>19124470
The more he posts the more it looks like he really doesn't understand how these things work, but he thinks he just 'outsmarted the system' or something. I mean, he enters a tankers thread but where's the tanker-related discussion? International tax evasion and dividend capture strategies are completely different topics. I mean he just countered his own original statement and confirmed my suspicion >>19124494
while keeping posting irrelevant shit like >>19124511

[Anonymous No.19124705]

>>19124561
>>19124571
1. Capital gains are never taxed
2. Only dividends from international stocks that impose taxes are taxed for non-residents (Australia, USA, Europe, etc)

https://taxsummaries.pwc.com/quick-charts/withholding-tax-wht-rates

[Anonymous No.19124724]

>>19124571
>>19124705
>>19124561
I’m Simgaporean too and he’s right. We get taxxed on divvies but I’m still not sure why you oulled out...?

[Anonymous No.19124790]

>>19124724
Assuming 0 change to the stock price
DHT closed at $6.32
$0.35 dividend

Adjusted price = $6.32 - $0.35 = $5.97
Be non-burger
$5.97 + ($0.35*0.7) = $6.215

If selling and buying back cost less commission (which it does for me), you can effectively avoid the dividend withholding tax.

[Anonymous No.19124814]

>>19124724
My guess is he doesn't understand dividends by his whole 6.35-35=6 arguement.
>>19124790
Like this, this is not how dividends work. This doesn't even make sense.

[Anonymous No.19124830]

>>19124511
I reviewed the tax details for you. In short, there is no real treaty for stock trading and dividends between singapore and the us. The law is that you will be taxed in the us, and receive no extra tax in singapore for BOTH those things EXCEPT that dividend will be taxed extra in singapore if the tax rate in the USA was less than 15% or so.
That is assuming you are using a broker that is not based in singapore.

If you are using a broker that IS based in singapore, however, you WILL be taxed on trading stocks. There are tricks you can use to get around it, such as not using a dedicated pool of funds for trading, trading infrequently and erratically, or going boomer long. It is up to the tax authority to decide if you were trading or not and to tax you appropriately. The tax rate is the same as employment tax, and there is a 2 years leniency on the tax if you are a new trader (indefinite leniency if you register a company and do the trading under it).
You will also be taxed on dividends because those are received from the american company, so that tax will be the US tax.

[Anonymous No.19125010]

>>19124830
There's no capital gain tax retard. I have NEVER been taxed on capital gains before.

Therese NO dividend tax in Singapore.

Dividend withholding tax on US dividends applies to all non-US residents.

>>19124814
https://www.investopedia.com/articles/investing/091015/how-dividends-affect-stock-prices.asp
>After a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment.
Once it drops, non-us residents only get 70% which makes our margin of safety lower.

[Anonymous No.19125097]

>>19125010
>However, if the market is particularly optimistic about the stock leading up to the ex-dividend date, the price increase this creates may be larger than the actual dividend amount, resulting in a net increase despite the automatic reduction. If the dividend is small, the reduction may even go unnoticed due to the back and forth of normal trading.
And if it drops .35 who gives a shit, just keep the dividend and sell the stock once it's profitable. Did you make money off of selling it at 6.35? More than if you held onto the dividend?

[Anonymous No.19125145]

>>19125097
1. I sold it at $6.40
2. My adjusted price is lower because I only receive 70% of the dividend, so selling gives me a larger margin of safety

[Anonymous No.19125231]

>>19125145
How much did you buy for

[Anonymous No.19125267]

>>19125231
$6.29 and I sold puts that also expired giving me free premiums
If it drops by $0.35 I can literally just buy it back and I already made money because I avoided the dividend withholding tax

[Anonymous No.19125291]

>>19124138
That guy isn't Brandon. Also I looked up LOOP and you can track the maritime traffic through the website, and there were oil tankers there, I recognized one the Honk Kong Spirit.

[Anonymous No.19125319]

>>19125267
So you chose to gamble with it actually dropping by that amount rather than just take the for sure $.35 × .7 per share? Just seems like more risk and complexity for little relative gain.

[Anonymous No.19125329]

If I was to invest 5K AUD, where would you guys suggest I put it?
(inb4 my arse)

[Anonymous No.19125351]

>>19125010
You really are clueless. Very sad my man. You should probably hire a lawyer right now since you're not intelligent enough to read very simple and straightforward information from your tax authority.

[Anonymous No.19125356]

>>19125319
algos are programmed to sell off stocks by their divided on the opening

>>19125329
EURN but make sure to sell because you get taxed on dividends I think its 15% for the australian treaty but if i was australian i'd wait for the next christchurch shooter and invest when the indexes drop
>>19125351
Our taxes are all e-filed for us and there's no dividend tax in singaproe retard

[Anonymous No.19125376]

>>19125356
Get a lawyer before it's too late. It could be life or death for someone of little means such as yourself.

[Anonymous No.19125413]

>>19125329
Personally like EURN, the safest of all tankers. STNG has debt, but are also positioned the best going into 2021. Youngest fleet, invested money in their ships which will begin to pay off some time in future, definitely riskier but at current prices it's hard to deny value proposition. Debt levels don't worry me as much on this sector as their 2 quarters of blow out rates have secured themselves through the current economic downturn.

[Anonymous No.19125430]

>>19125376
Dividends are not taxed in singapore for individuals retard

[Anonymous No.19125443]

>>19125329
Eurn but take the dividends. Don't listen the the singapore dude. If you get it at $10 a share and the dividend stays at about $.8 a share, you'll get about 32% annual return before taxes.

[Anonymous No.19125482]

>>19125443
>>19125376
Australians get 15% dividend withholding tax
If you get $1.10 dividend, its actually $0.935
If the stock drops buy $1.10, you can buy it back and avoid the dividend withholding tax but you may have capital gains tax but you're on /biz/ so you're probably not employed so it doesn't matter

[Anonymous No.19125494]

>>19125430
Why are you calling people retards in every single post? You are the one that started this tax evasion bullshit.

[Anonymous No.19125505]

>>19125494
Its not tax evasion retard, I pay my taxes via the brokerage's commission and take a gamble on the stock now dropping by more than 70% of the dividend

[Anonymous No.19125554]

Where are my FRO bros at
how we feeling
I'm holding for the long haul
We'll see what happens

[Anonymous No.19125562]

>>19125482
Ya and why risk that? The price may not drop. Just take the for sure dividend. It's just a 15% tax for aussies. .935 for a $10 dividend is wicked good and at no risk. And do aussies not pay capital gains?

[Anonymous No.19125588]

>>19125554
I'm selling FRO 1 day before the ex-dividend date and buying back on the ex-dividend date.
>>19125562
Yes they do but only if they have a job

[Anonymous No.19125610]

>>19125554
My ass is still bleeding from how hard it dropped on like Tuesday or whatever and by then I didn't have the money to buy more to average down because I pumped everything I had left into DHT and EURN. I have nothing going on over the weekend. Everything is locked down. Everyone is still scared of the virus. All I can do is wait for next week, palms sweaty.

[Anonymous No.19125637]

>>19125588
And so you are making a suggestion that requires more risk for barely any, if any at all, gain that relies in the assumption people here don't work. Please just posting.

[Anonymous No.19125714]

>>19125554
That's a man

[Anonymous No.19125720]

>>19125610
I was able to average down my overall loss to something like 6-7% or so. Im pretty comfy right now I think I'll recover that pretty quickly next week and then move into gains.

[Anonymous No.19125874]

>>19125329
This is me - am on another PC
Is this anything to be concerned about? It seems I can only log on to ig.com if I turn noscript completely off.
afaik cross-site scripts are often malicious.

[Anonymous No.19125903]

>>19125874
pic here - sorry

[Anonymous No.19125938]

>>19125714
If you wouldn't fuck that then you're a raging homosexual
>>19125588
When is the ex div date?
>>19125610
Stay strong. I'm down but I still have faith we'll pump sooner or later

[Anonymous No.19125960]

>>19125938
I am a raging faggot anon. I am angry and I would fuck a trap. How did you know?

[Anonymous No.19125964]

How does it feel to hold bags?

Elevate yourself and buy SHRM

[Anonymous No.19126307]

>>19125554
Feeling alright. I am holding, 0 fucks given. Very cute tummy.

>>19125714
Just makes it better.

>>19125938
Adorable!

[Anonymous No.19126710]