/tsg/ - tanker stock general, bagholding, cope and support group

[Anonymous No.19260512]

Tankerchads general
Just hold for divvies general
Lose 50% of your capital buy get 10% dividends general

>Highlighted links
https://seekingalpha.com/article/4343722-talking-tanker-trade-podcast
[YouTube] Is The Oil Tanker Trade Over? Weekly Market update 5-16-20 (embed) (Overview of tanker thesis)

> 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

>Tanker rates
http://www.crweber.com/ (no https)
https://twitter.com/TankersInt

>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/

>Companies
https://pastebin.com/TnN1aeQz (embed)

>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/squid-girl/

>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.
NAT: EST EPS $0.26, actual $0.27.
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
FRO: EPS $0.84, divvy $0.70

> Upcoming earnings reports calendar
TNK on 5/21, pre-market
SFL on 5/29, pre-market
TNP on 6/4, pre-market

>Oil futures rollover date
June 22, 2020

[Anonymous No.19260595]

why

[Anonymous No.19260622]

>>19260512
Comfy divvies and good returns will come to you, but only if you reply "HOLD ON SEA CAT" in this thread

[Anonymous No.19260636]

>>19260512
I still find it amazing there is so much animosity against people who want to invest in this

[Anonymous No.19260645]

>>19260622
HOOOOLD ON SEA CAAAAT

[Anonymous No.19260815]

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.19260849]

>>19260595
If you are sincerely asking, tankers are making record profits and for most companies their rates are contracted through this year. So even if we don't see their stock value rocket, they are handing out amazing dividends so you can safely make even 20%+ through dividends.

[Anonymous No.19260943]

>>19260622
USE YOUR 9 LIVES AND HODL SEA CATS

[Anonymous No.19260968]

>>19260622
HODDDDDDDDDDL SEEE CATTTTTT

[Anonymous No.19261019]

>>19260849
>tankers are making record profits
Wow thats great I wish I was the CEO, too bad I'm not so it doesn't matter.
>you can safely make even 20%+ through dividends.
If the dividend doesnt get cut for a year I'll break even over a year from now after taxes. Meanwhile if I had put everything into ET for their dividends I would have already recouped my losses in share price and received a good dividend ontop of it. This is not and was not a good play.

[Anonymous No.19261175]

>>19261019
Those profits mean sustainable dividends if not increased stocks. Concerning taxes, explain. You'll make a profit regardless of taxes. Only a % of the dividends are taxes.

[Anonymous No.19261268]

>>19261175
Profit comes from recouping losses from buying a share price that has lost 20% of its value. It will take a long time even with the dividends. It's a completely inefficient strategy compared to other sectors and a big mistake I've learned from. It's something I'm definitely not "comfy" with.

[Anonymous No.19261324]

I know that you dont just let anyone post here I have only lost 42% on my tankerchads after my comfy divvys am I allowed to post here or should I lurk until I hit 60%%

[Anonymous No.19261342]

>>19261175
>Those profits mean sustainable dividends if not increased stocks.
True for a normal company, but I think this month proved thats not the case for tanker companies for whatever unknown reason

[Anonymous No.19261350]

>>19261324
as long as you've lost over 30% you're allowed to cope here (but collected comfy dividends)

[Anonymous No.19261407]

>>19261268
I fail to see how a high assurance investment is bad. Making 20%+ return alone is solid. Couple that with the fact a supercycle within the tanker industry is expected, only an opportunity cost arguement has any merit and even then that applies to all investments. There's always a better investment, but this is an investment with a solid return.
>>19261342
Maritime industry is volatile, it will return to the levels it was a month ago even if it takes a year. In that time you can still get solid returns.
>>19261350
You only lose if you sell. Again, the obsessive anti-shilling here is sad. What's wrong with people investing in an industry while making a profit.

[Anonymous No.19261417]

gay

[Anonymous No.19261457]

>>19261407
I understand how we are making billions on storage of free oil but what is super cycle no one is flying anymore that's bullish right because then we get more free oil barrels?

[Anonymous No.19261474]

>>19261417
C'mon in for comfy divvys and stay for the tricycle

[Anonymous No.19261505]

>>19261417
See, first valid argument. Why can't the rest of you argue like this.
>>19261457
The super cycle is that rates will remain incredibly high due to imo 2020. This standard requires emission standards, that combined with an on average old fleet means there will be a low ship supply after this year. This low supply with lead to high demand of tankers meaning high rates for the next couple of years. It makes it a safe investment from a dividend point of view and rates should increase due to these companies already highly undervalued as is.

[Anonymous No.19261576]

>>19261505
https://www.rystadenergy.com/globalassets/pdfs/rystad-energy_covid-19-report_14_may_2020-public-version.pdf

lmao rystad energy bros have capitulated

[Anonymous No.19261585]

>>19260622
HOOOOOOOOOOOOOOLD ON SEA CAAAAAT

[Anonymous No.19261601]

>>19260622
HOLD ON SEA CAT

[Anonymous No.19262205]

Holding my stocks for 2 years, will re-access along the way and with more tanker sector news, into post recession and supply destruction. biz only likes immediate baggers, but that's how you can tell it's all kids here. Long EURN and STNG.

If you study a sector and company enough that youre confident in being a shareholder you just have to be patient and not mind going down 10,20,30,40% as long as the fundamentals of why you invested haven't changed. You should be happy to be able to get your average down.

You have to keep re-accessing but that's how money is made. Slowly and surely. I got my first 10 bagger by waiting 1 year. Turned about 200 into 4000 eventually, but it takes patience. I checked my assets like once a month. Keep up to date on news but short term stock noise is for gamblers, traders, or suckers.

[Anonymous No.19262493]

>>19260815
>no GLOP

you guys are absolute shitters

[Anonymous No.19262573]

>>19262205
Yes stick with the plan. I'm averaging down for at least the next five years then hope to break even with my divvies worst case scenario 10 years to get back to even. Win win win win four ways of winning

[Anonymous No.19262614]

>>19262493
I'll add glop. Pretty much just build it from my investments and requests.

[Anonymous No.19262641]

>>19262614
Requesting a HODL sea cat Muhreeeeeeeeeeeeeeeens

[Anonymous No.19262698]

>>19262493
Wow glop is only down 84%. That's not good enough to brag about

[Anonymous No.19263027]

Today, I will remind them.

[Anonymous No.19263124]

>>19263027
I don't get it?

[Anonymous No.19263128]

Hello baghodler

[Anonymous No.19263179]

>>19263124
You see theres this guy called brandon.... a legend really he saved many an anon from financial ruin and the bragging rights forthwith. Some say he still lurks these bored other says he is satoshi nakamura

[Anonymous No.19263195]

>>19263179
What are the (You)s are the pictures? And who is he quoting?

[Anonymous No.19263230]

>>19263195
An epic battle of seat cat pirates yelling hodl vs the Goldman interns yelling reeeeeee. Longnoses winning bigly at thus time to the all in the DMT muhreeeens

[Anonymous No.19263242]

>>19260622


HOLD ON SEA CAT

[Anonymous No.19263327]

>>19263179
>>19263195
>>19263230

[Anonymous No.19263563]

>>19263124
Those were all posts by one anti shill in one thread. That guy was posting 100 posts in every thread saying the same shit and linking the same disproven articles or articles that other than the headline supports tankers.

[Anonymous No.19263608]

>>19263563

[Anonymous No.19264051]

>>19263563
So Brandon made your tankers lose 47% in value in three weeks? Legend

[Anonymous No.19264210]

>>19264051

[Anonymous No.19265098]

Is DHT going to go back up anytime soon? I got $8 in divvys and bought another share with my new money and want to keep DCA down as the price drops but want to know two things:

1. How long before it goes back up
2. How likely is it for tanker stocks to suspend dividends?

[Anonymous No.19265187]

>>1926509
1. Unknown.
2. When they go bankrupt. It's literally all they have to offer investors. Q2 2020 dividends will be better than Q1 2020. Q3 2020 is in the making and might match, exceed, or fall slight short of Q1 2020. Q4 2020 might be shit, might be good. The aforementioned outlook for Q4 divvy if the outlook for any subsequent divvy or performance.

[Anonymous No.19265198]

>>19265187 to >>19265098

[Anonymous No.19266087]

JUST
U
S
T

[Anonymous No.19266097]

>>19260512
fuck whoever told me to buy DHT 3 months ago.

i mean thankfully i only bought 15 shares but even with just those 15 shares i've lost $50 in the past 3 months.

[Anonymous No.19266115]

>>19266097
er, not 3 months ago, more like 2 months or a month and a half. i bought at 8.64 and it's trading at 5.67 now.

[Anonymous No.19266135]

>>19266115
Dude... wat
I don’t think losing $50 should be your concern. I think making your income to something that a $500 drop wouldn’t phase you is more important

[Anonymous No.19266145]

>>19266115
>>19266097
>>19266135
Fuck you I'm down $5000 but I'm never fucking selling comfy divvies tankerchad hodl on seacat

[Anonymous No.19266151]

>>19266135
i have 20k invested in crypto and stocks. i just like to diversify and i only had about $100 in my account when all that oil shit was going on.

i really don't care about losing $50. still wish i never read those threads with dudes calling oil tanker stocks can't miss buys. also bought NAT but that's not doing quite as terrible.

[Anonymous No.19266740]

>>19266087
At what $ did you get into this ride??

[Anonymous No.19266746]

>>19266740
$8.88

[Anonymous No.19267198]

>>19260622
HOLD ON SEAT CAT

[Anonymous No.19267387]

>>19260636
people can't make fun of you for buying high and selling low if you never sell

[Anonymous No.19267692]

>caring about the day to day rate of stocks
>not just loading up more as it tanks further to collect even comfier divvies
If the fundamentals are good it will recover in time and you'll have your money back with a premium + comfy divvies.

[Anonymous No.19267749]

>>19267692
down 65% buy I'm getting a 10% dividend from EURN, yeah!

[Anonymous No.19267772]

You guys'll probably make it after all this and get to bully all the non-tankers, honestly

[Anonymous No.19267785]

>>19267749
I love that comfy feeling when I lose all my money but losing 50% is still bragworthy

[Anonymous No.19268051]

>bought tanker stocks at the bottom
>still in the green
>still on track to get massive divvies

Yep, i'm thinking based. Your move shills.

[Anonymous No.19268140]

>>19268051
same, I bought TNP below 2.50, it's gone past 2.80 two days in a row now

[Anonymous No.19268197]

>>19260622
reddit-tier cringe

[Anonymous No.19268410]

>>19267387
>dat image

Holy fuck, theres a sell signal if ever ive seen one.

[Anonymous No.19268445]

>>19267692
>>19267749
Its like you niggas dont even ET. One of the best divvies in the game. Once oil rebounds its going to be God tier.

[Anonymous No.19269507]

>>19268140
TNP is the only tanker I am green on. Granted it isnt much and isn't even close to offsetting my 30+ percent losses on my other tankers.

[Anonymous No.19269529]

>>19263327
>>19263608
>>19264210
Based poetry anon.

[Anonymous No.19269938]

When's ex-div for FRO again?

[Anonymous No.19269976]

>>19269938
Probably in three months when they cancel the dividend to stave off bankruptcy for two days

[Anonymous No.19270007]

>>19269938

Record date is 04.06.2020.

[Anonymous No.19270020]

>>19270007
Found this:
The Board of Directors has decided to declare a cash dividend of $0.70 per share for the first quarter of 2020. The
record date for the dividend will be June 4, 2020. The ex-dividend date is expected to be June 3, 2020 and the
dividend will be paid on or about June 22, 2020.

in their 1q2020 statement.

[Anonymous No.19270049]

>no bid on 6/19 $7 DHT calls
wew lad

[Anonymous No.19270111]

>>19270049
I buy collars on DHT and make pretty good money. Should break even on the shitcoin in the end.

[Anonymous No.19270186]

Oil prices down, tanker prices down. Pretty sure the oil industry is in danger of going extinct in our generation.

[Anonymous No.19270252]

>>19267387
what a legend

[Anonymous No.19270269]

>>19270186
>prior to rollovers, algos traded tanker stocks inverse to oil price
>all of a sudden since day before rollover to today, algos trade tankers positively with oil
>oil falls now as everyone predicted

Makes no real sense. The industry is never dying though, the tycoons will launch excess oil into space if they have to.

[Anonymous No.19270283]

>>19267387
Didn't buy high, but nice try
>>19268051
Based
>>19268197
Not based

[Anonymous No.19270336]

>>19267387
Bank announces massive losses and incompetence. Share prices still go up. I'm done with this market.

[Anonymous No.19270354]

>>19270336
Tankers announce massive profits. Share prices continue perpetually decrease, but dividends lol

[Anonymous No.19270393]

>>19270336
No , you will continue to buy penny stocks and options losing every penny like a drunken sailor

[Anonymous No.19270473]

Tankerturds getting flushed again today just a normal day of 5%losses . maximum comfy loses

[Anonymous No.19270893]

oh no i cut my dht and i went green due to my other non-tanker stocks! I LOST MUH DIVVIES NOOOOOOOOOOOOOOO

[Anonymous No.19270949]

>>19270186
>the oil industry is in danger of going extinct
Oil has many uses.
And the cheaper it is, the more uses it has.

Also, plastics will make a comeback now all treehugger idiots realise that plastic wrapping keeps the food safe from viruses and other nasty stuff.

Maybe they should complain about plastic in the ocean to countries that dump trash in the ocean. Which incidently are the same poor countries they so like to visit for those rad instagram posts about coming in contact with nature and living with less totally ignoring that the aviation industry and tourism are one of the biggest causes of air pollution and ozone reduction.

FUCKING HYPOCRITES!!!

[Anonymous No.19271077]

>>19261576
https://www.marketwatch.com/story/oil-prices-tumble-alongside-global-equities-amid-fears-about-china-turbulence-2020-05-22
China recovery on hold as well?
Is contango back on the menu?

[Anonymous No.19271087]

What happened to TK?

[Anonymous No.19271141]

Tankerturds give it to me straight. Is there any reason to keep holding these? At first it was HOOOOOLD for the Q1 earnings. Then it was HOOOOOLD for negative oil. They just kept bleeding. I'm down 30% across the board on DHT, EURN and STNG and theres no more price catalysts remaining. It seems we are gonna bleed to all time lows at this rate, and I'd have to wait years to break even; why shouldn't I just throw my money into meme tech stocks. Clearly fundamentals don't matter anymore.

[Anonymous No.19271181]

>>19271141
Comfy divies.

[Anonymous No.19271257]

>>19271181
Divvies don't matter when the underlying shares have bled you 30%. Why should I hold for $1 of divvies when the share price goes down $3 for it? And then on ex dividend date they go down another $1?

[Anonymous No.19271281]

>>19271141
> why shouldn't I just throw my money into meme tech stocks.

This is exactly what you should do. Be a sheep and follow the market. You won't make x10 gains, in tech but you come out ahead.

[Anonymous No.19271323]

>>19271257
The day to day price doesn't matter. Just collect the divvies. It's a volatile market, they'll rise again.

[Anonymous No.19271349]

>>19271323
>It's a volatile market, they'll rise again.
This!
Not like any court would let them file for bankruptcy with their profitability right now.

[Anonymous No.19271373]

>>19271257
The price doesn't matter when they keep paying dividends. It going down is great because you can buy more and it will go up eventually. Meanwhile get comfy divies

[Anonymous No.19271374]

>>19271141
The main play for tankers is over and it has failed. You shouldn't get in if you're not already in. If you're already in, you can recoup your losses with options and divvies so it's worth not exiting right away. It's also logical that price would go back but it's increasingly unlikely, but a long-term play might be OK (I'd much rather be in bubble-town techmemes in that case though). That's about it.

[Anonymous No.19271445]

>>19271087
See>>19270473

Oil demand is d0wn50% so tankers will fall 88%, basic math bro. Buggy whips lmao

[Anonymous No.19271507]

>>19271374
Lmao lots of these stocks were $500 or $4000 a few years ago, they always go bankrupt

[Anonymous No.19271683]

Best tanker dividend?

[Anonymous No.19271725]

HODL DHT MUHREENS
HOOOOOOOOOOOOOOOOOOOOOOOOOLD

[Anonymous No.19271761]

>>19271323
>>19271373
You guys keep saying they'll go up eventually but based off of what? 2H2020 crude tanker rates are projected to be slightly above average at best, and dismal at worst (see Joakim Hannisdahl from Cleaves Research). Sure, Q2 earnings will be a blowout, but we've already seen the effect of blowout earnings on share price; it fucking rapes us anally without lube. There's no possible catalysts for us to go up on other than an unlikely war or some miracle event.

>>19271374
The opportunity cost is killing me. I see stupid fucking biotechs and tech memes pump everyday with SPY and fucking tankies bleed 5% every day. SPY green, bleed. SPY red, bleed. This is the worst sensation ever.

[Anonymous No.19271829]

>>19270020
>>19269938
I sold covered calls at $8.0 strike and I get FREE dividends

[Anonymous No.19271866]

HODL CATTERS OF THE SEAS!!!!!!!!!!!!!!!!!!!!!!

[Anonymous No.19272079]

>>19271683
The best options are currently.
EURN
FRO
DHT
NNA
In about that order but with the prices fluctuating they can shift in technical % return.

[Anonymous No.19272158]

>>19271761
>>19271141
Anon you're right, the reason to hold tankers hace passed. The posters here are just imbeciles and became emotionally attache to a ticker symbol because memes about boats. First it was negative oil, then it was contango, then earnings then May 19th, when none of that came to fruition they convinced themselves it was a long term hold for dividends which doesnt even make any sense since there are dozens of better dividend stocks

[Anonymous No.19272236]

>>19272158
I made a little bit on FRO

[Anonymous No.19272262]

>>19271761
https://youtu.be/hbyi2HSm9-I

Check this video out. Tankers are a buy

[Anonymous No.19272326]

>>19272158
Fuck me I'm fucked. I did the NAV calculations too and was really convinced on my thesis so I went balls deep too early and too fast and hit my spending limit as I DCA'd down. Contango's death fucked my calcs too. What do you see as maximum downside from here? I see us testing all time lows if this current irrationality keeps up. I'm strongly debating what to do from here, whether to cut losses at -30% and try my luck at meme tech stocks or hold a bit longer in hopes that the Q2 dividend stems the blood to -20%. Hannisdahl's report has me uneasy about holding though; he's projecting some very ugly numbers and PTs.

[Anonymous No.19272429]

>>19272158
How many dividend stocks are offering possibly 25%-35% annual dividend yield? There may be a few better, but that fact these tankers will be making amazing profits this year will ensure strong dividends.
>>19272326
Worst case, just hold for the supercycle. In the meantime you'll get a good return for holding. It's volatile, if you don't like that just get out. It requires patience.

[Anonymous No.19272479]

>>19272429
Yeah IMO2020 bro tankers are totally going to moon because of eco regulation

[Anonymous No.19272537]

>>19261576
Looks like they think mid July will be the crisis point, unless oil production craters. I'll think about an oil short and finally going long oil around then.

[Anonymous No.19272571]

>>19272429
The tanker bankruptcy tricycle starts this fall. Dividend cuts then bankruptcy

[Anonymous No.19272607]

>>19272429
Q2 dividends are secure, but Q3 and Q4 are uncertain. Both clean and dirty tanker rates have been falling fast; if you check the VLCC Fixtures app you can see some going for as low as 27k TCE/day and the avg is somewhere in the 44k/day range, which is still decent but no where near maintaining Q1/Q2 divvies.

It's not the volatility I fear but the irrationality of the market. If the market is crapping on tankers like this when rates are good, then it's really going to drown them in piss n shit when rates subside back to normal or subnornal ranges. The supercycle isn't estimated for until 2022/2023 by which time other stocks will have doubled or tripled your money. I'm trying to avoid bagholder cope and see logical arguments on whether holding is worth the opportunity cost

[Anonymous No.19272649]

>>19272571
I think it was DHT and FRO that had ~100% debt to equity ratio. If you are paying dividends with that kind of balance sheet, you're trying to buff the share price for that quarter at the expense of future growth or even solvency. Fuck them.

[Anonymous No.19272726]

>>19272607
Tankers just aren't needed anymore with oil demand permanently down 50%.

No cruises,no flying,no driving lmao why does anyone need tankers.

[Anonymous No.19272847]

>>19272726
DHT is for noobs

https://lloydslist.maritimeintelligence.informa.com/LL1132247/Product-tanker-market-braces-for-supercycle

STNG, FRO, DSSI product tankers all the way.

[Anonymous No.19272880]

I lost about -30% on tankers. Got out the other day after the oil futures didn't go our way.

It's time to face the music. There are no catalysts left. The dividends don't even keep pace with how much money the bagholders have lost.

It's still not even a good time to buy the tanker stocks. They've got no signs of recovery yet.

Don't let your emotions run you into the ground. Value your actual money more than your crap investment. There are other opportunities out there for us to find.

[Anonymous No.19272937]

>>19272649
FRO is 1.4x, DHT is .8x

[Anonymous No.19272974]

>>19272880
Redpilled

[Anonymous No.19272991]

>>19261576
How much do you have to pay for access to the reports?

[Anonymous No.19273011]

>>19272937
Does oil go to minus $500 today. Lmao there are 6,000,000 barrels that must take delivery. What are they thinking. Where will they put all the oil!!!!!!

Free oil means more free lambos for me

[Anonymous No.19273537]

got stop loss'd out of my DHT today, lost about 30%

[Anonymous No.19273819]

What's the bottom going to be? Everyday is more and more bleeding. Gonna start unloading some DHT and STNG if I hit -33%. Should've listened to Brandon...

[Anonymous No.19273850]

>>19273819
>>19273537
HODL ON SEACAT!!

[Anonymous No.19273896]

>>19273819
#HODLMEHANDS>>19273850
>>19273819
>>19273537

[Anonymous No.19273911]

>>19271141
If you holding DHT the RSI on multiple time frames is very low. I'd wait for some kind of pump before exiting.

[Anonymous No.19274084]

>>19272880
you probably never said hold on sea cat

[Anonymous No.19274090]

OFFICIAL THREAD THEME

https://www.youtube.com/watch?v=9vST6hVRj2A

[Anonymous No.19274154]

>>19273911
It's best to hodl forever so win win win situation

[Anonymous No.19274238]

DHT is the best go long and HODL stock forevs....like literally buy hodl lose and profit

Ps: muh comfyer divvys!!!

[Anonymous No.19274299]

>>19274238
Sure dht is now $5.54 but here's 6 reasons why that's a good thing FOMO you HOMO

[Anonymous No.19274573]

>>19272880
>There are no catalysts left.
But the stocks have an history of volatility.
Not point in selling at a loss.

Actually. I had 100$ loss on FRO and through DCA I've been reducing it to 60$ today, and today bought more because it was down.

Although DHT really seems to only go down. FRO is going up and down to make small profits now and there.

>Got out the other day after the oil futures didn't go our way.
My contigency plan was to DCA until they go back up.

These are solid undervalued companies.
P/E is very low.

Just have to be patient because I bet whoever got out, missed the bottom and will never make a profit on them.

FRO already went through the bottom. I doubt anyone who dropped bags went back for the bottom. Well. I DCAed at the bottom.

Not only that but if you sold at 20th May. You for sure didn't buy nothing good because everything went way up on that weekend.

[Anonymous No.19274683]

>>19274238
You can make any graph look good if you zoom the right amount

[Anonymous No.19274701]

>>19274299
>>19274238
>>19274154
>>19273896
>>19273011
>>19272726
>>19272571
>>19271507
>>19271445
>>19270473
>>19270393
>>19269976
>>19267785
>>19264051
>>19263230
>>19263179
>>19263128
>>19262698
>>19262641
>>19262573
>>19261474
>>19261457
>>19261324

I'm out of this investment and I've learned some harsh lessons. I won't try to justify any of my choices except that I saw a lot of potential and not a ton of risk. However, I never tried to convince myself that this was a long play.

All of that being said I'm genuinely concerned for your mental well-being. What do you even call it when bad attempts at trolling turns into obsession? It's like witnessing a person that's autistic, a sociopath, and their entire day is free time.

Not even saying you're wrong to be against tankers, far from it, but Jesus Christ man. Get some help.

[Anonymous No.19274806]

Storage is not the only thing tankers do. Transporting is mainly what they do

[Anonymous No.19274958]

Tnk is at a great price. No divvies, but it'll be back up tp 17 next week. Nice little swing.

[Anonymous No.19275139]

>>19272880
>There are no catalysts left.
Why do you say that exactly? Because this general threat was focused on Q1 earnings and WTI contract rollover? Tell me what you know about the industry, tell me what you know about charter rates, tell me what factors you believe influence those charter rates, and tell me why you've made that prediction.

There's quite a bit that can happen to tankers. Protip: They've almost all been slightly lower this year than they are right now, but they've also all been significantly higher, and it didn't take supply glut fears to get them there.

[Anonymous No.19275225]

>>19274806
Transporting oil that no one wants

[Anonymous No.19275293]

>>19275225
Tard get me some cigs, no walk to the store.

[Anonymous No.19275307]

>>19274701
Weak hands selling. Almost time to buy. Been waiting for posts like this to show up.

[Anonymous No.19275398]

>>19274573
>>19275139
The windfall of the contango situation has obviously been priced in. The price jumps slightly at every earnings announcement and then is promptly pummeled down.

Face it, you're holding and hoping at this point.

[Anonymous No.19275810]

>>19275398
>The windfall of the contango situation has obviously been priced in

All tankers were oversold from the contango situation.

So they are priced out of their real price and any expert on tankers will tell you that.

The fact that a bunch of smart money got in after the drop, show the long term value in them.

Face it, you sold at the bottom.
Even DHT is going back up today.

Suck to be wrong. Could have DCA at 5.50 to sell now at 5.70.
That's a bigger swing than for example MSFT had today.

Whoever sold tankers this week lost big!
There wasn't even anything else good unless you were lucky on INO or ACB.

Lack of patience is one of the worst things in trading.

I'm just trying to save people here from selling at the bottom!

These aren't stock on their way to ZERO.
And I don't want to sell them thinking they are going down because I might lose leg-ups like FRO had last week.

People telling you to sell aren't doing you favors.
And listening to them instead of doing your DD just shows you are emotional trader.

Look, I'm going to be honest. I lost RTX that way, I sold at 55$, it went to 51$, but I tought "It going lower" IT DIDN'T, it shot up and I was left in the dust, with by bags in someone elses hand. BECAUSE I HAD WEAK HANDS!

[Anonymous No.19276083]

>>19275810
Like I said earlier in the thread, I sold out after the oil futures didn't go our way. It was a logical move, not emotional. I was never in this for the long term.

You've got a lot of faith that this is the bottom. For your sake, I hope you're right. Personally, I find the opportunity cost to be too high.


>There wasn't even anything else good unless you were lucky on INO or ACB.
There are still other investments you can profit on now. I made about a +35% return between AQST and CLVS during all of this by watching actual catalysts.

[Anonymous No.19276212]

guys wtf is DHT doing it hasn't done this before

[Anonymous No.19276315]

>Was actually minus 8% today
>Now I am going green

Tankers, I love you. And I love my tanker frens. I won't ever let you go until I got big profits, but you really do trade like shitcoins. Now don't get jinxed and go back today.

[Anonymous No.19276549]

>>19273819

you know, if Brandon had actually come across as a rational person instead of some troll, we may have actually listened to him

but his rhetoric was that of a teenage retard so no one was going to listen to that

my captcha was just "Boats" may be a bullish signal

[Anonymous No.19276635]

>>19276549
he disappeared once oil didn't Happen

[Anonymous No.19277316]

>>19270283
>not based

[Anonymous No.19277495]

>>19268051
you're supposed to buy high if you post in tanker breads

[Anonymous No.19278076]

>>19272649
It's not about pumping the share price (which obviously failed) but mainly about the managers (who are all major bagholders) cashing in on the extra profits from the super contango via dividends. Why pay off debt when you can just keep diluting in the future?

[Anonymous No.19278191]

>>19275398
>The windfall of the contango situation has obviously been priced in.
I think speculators were disappointed when a windfall from a potentially disastrous WTI rollover - owing largely to USO incompetence - didn't happen again.

That's not the only thing driving rates. Explain to me what you think contango is and why it occurred. Explain to me why you think it is over. If you cite Cushing drawdown or WTI futures without anything else, you need to do more research.

Texas increased decentralized and unconventional crude stores to compensate for the traffic jam at Cushing, which is the far more likely culprit for the much-cited drawdown.
https://www.houstonchronicle.com/business/energy/article/Oil-glut-makes-storage-a-pricey-commodity-of-its-15278364.php
Spreads between oil products and crude oil prices remain low; as a result refinery utilization rates remain low. This further suggests a supply surplus. This bottleneck very well could cause crude to fall again.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WPULEUS3&f=W
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/052120-refinery-news-roundup-refineries-raise-runs-but-other-bring-works-forward

Nobody knows if floating storage is actually going to be wound down, as we're globally still unloading crude in demurrage from earlier this year. I don't think tanker stocks are ever going to do the 10x people were hoping for, and its entirely possible that they stay where they are in the short term. But to say there are no catalysts left for another rate kickoff is a profoundly ignorant statement.

>Face it, you're holding and hoping at this point.
You're projecting. You sound like you got hit by FOMO.

[Anonymous No.19278513]

>>19278191
>explain to me
>explain to me
>explain to me
Look, I'm not saying that these stocks CAN'T do anything in the future.
I'm not saying they CAN'T make you money in the long term.
I'm saying that you don't know when that will be, how much you could expect, or if it will even happen relatively soon.
I got out, because like most of the people from these threads, I was a bagholder for a short term play.

[Anonymous No.19279038]

>>19278513
>I was a bagholder for a short term play
That's precisely what I'm saying. What do you define as the "play?" WTI futures going negative again the month after everybody adjusted to make sure it didn't happen again? If so, that was an odd thing to bank on.

I still see short term opportunities, even though one potential detonator turned out to be a dud.

[Anonymous No.19279517]

>>19278191
its ogre bro

[Anonymous No.19279530]

>>19279517
That's pic is just sea cat stopping fools from selling.

[Anonymous No.19279912]

>>19279530
KEK

[Anonymous No.19280698]

>>19260622
Hold on you piece of shit!

[Anonymous No.19280721]

>>19279530
Based. Not sure if holding stng was the right idea, but Im sticking to my plan.

[Anonymous No.19280976]

>>19260622
ARRRR HODLLLL ONTO YOUR SEAA CATS MAITIES

[Anonymous No.19281053]

>>19260512
Thanks for the info, OP.

[Anonymous No.19281214]

>>19278191
>I don't think tanker stocks are ever going to do the 10x people were hoping for

[Anonymous No.19281234]

>>19279530