/tsg/ Tanker Stock General

[Anonymous No.18867357]

First thread edition

General thread on tankers and their stocks as they are a hot topic and perhaps the only industry aside from drug companies that may/will benefit from the current “crisis”. Discuss, analyze, predict things about, shit on them. Earnings report, Q1, for DHT tomorrow (5/5) after hours; will give us an idea about the state of the tanker industry (which is needed after the confusion that normie speed buy and dump caused).

>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/

>Maritime/tanker news news
https://lloydslist.maritimeintelligence.informa.com/
https://www.tradewindsnews.com/tankers/
https://www.hellenicshippingnews.com/

>Companies (not exhaustive or recommendations)
https://www.frontline.bm/
https://www.tenn.gr/
https://www.euronav.com/
https://www.dhtankers.com/
https://www.nat.bm/
https://www.teekay.com/business/tankers/

>Earnings reports calendar
DHT on 5/5, after hours
EURN on 5/7 (time not specified)
FRO on 5/14, pre-market
NAT on 5/18 (time not specified)
TNK on 5/21, pre-market
TNP on 6/4, pre-market

[Anonymous No.18867457]

thank you for posting the earnings reports

[Anonymous No.18867463]

>>18867357
this is collective delusion

[Anonymous No.18867499]

>>18867357
Oil prices will go negative again. Those Saudi oil fleet of tankers are still not turning back. They left during March and they can't turn back since they are under contract. If oil does go negative again then we can expect that tankers will moon to high heaven.

[Anonymous No.18867505]

>>18867463
We'll see about that tomorrow, fag.

[Anonymous No.18867536]

>>18867357
I was expecting some other type of ts, if you know what I mean

[LCIguy !7SgaW5KMQI No.18867538]

dude oil is literally cheaper than the tankers it's being held in

[Anonymous No.18867550]

>>18867357
Tanker and oil stocks are green at the same time. This is only good for us tankerbros. In fact, oil companies are losing money while tankers are gaining. The volume for oil is unsustainable so its bound to crash again

[Anonymous No.18867555]

why everyone sleeping on my boys OSG?

they've actually been outperforming all the other large tanker stocks for me

[Anonymous No.18867585]

DHT break even is $7800/day, FRO break even is $8000/day, not sure about the others. May even be lower now since the tankers can just sit idle most of the time.

[Anonymous No.18867597]

am i gonna make it bros

[Anonymous No.18867647]

Why is TOPS getting shit on?

[Anonymous No.18867668]

>>18867357
Well if this isnt a sell signal i dont know what is

[Anonymous No.18867706]

>>18867357
Well. I am living up to my shilling. I sold all my oil today now that they are high except for HAL and MRO and KOS. Bought more tankers while sitting on margin for them already. 300 shares of DHT, 300 shares of FRO, 300 shares of NAT, 11k at play total for me, 3k of it into margin, a bit below 7k into tankers.

I am normally conservative. But I felt I had to truly double down after getting a lot of anons into this. Let's hope we all make it.

[Anonymous No.18867733]

>>18867357
listened to all the DHT shills and bought some shares lmao

[Anonymous No.18867751]

>>18867706
Well I'll see you at the earnings conference tomorrow

[Anonymous No.18867783]

>>18867706
have a doughnut chan

[Anonymous No.18867815]

>>18867555
The have a smaller fleet than DHT and FRO
Have no idea how their balance sheet looks now, but they're just a smaller player (mainly US and have been in financially trouble pretty recently). Like in the OP, the list isn't exhaustive nor what I believe will do the best.
>see fleet size
http://www.osg.com/fleet
https://www.frontline.bm/fleet/
https://www.dhtankers.com/vessels/

[Anonymous No.18867849]

>>18867555
I'd say lack of divvy and US flagged ships/jones act.

>>18867597
I don't see DHT going that high yet, but I hope I'm wrong.

[Anonymous No.18867880]

>>18867597
This is nuts mate.
Let's say DHT goes up by 100% by your first expiration to $15. This is 100% it's ATH.

14c 6/19
Cost of Options at 55 buys @ .18 $990
Payout $5500
Profit $4510

8c 6/19
Cost of Options: 55 buys @ 1.25 = 6875
Payout: $38500
Profit: $31625

Let's say you only have $1000 in the bank -
8c 6/19
Cost of Options: 8 Buys @ 1.25 = 1000
Payout: $5600
Profit: $4600

[Anonymous No.18867901]

>>18867751
I will be there. Let's see whether we all are cheering or I get burned at the stake. At least if this loses I too will be down significantly. Devastatingly. But I truly believe this is our path to making it, and I pray if everything works out we can all laugh together and show pictures of our new houses.

>>18867783
Very cute, very appreciated.

>>18867880
>ATH
I think you mean 52 week high. It's all time high is above 200.

[Anonymous No.18867940]

>>18867901
Sorry, yes, 52 week.

Here's my holds

[Anonymous No.18867984]

I'm in pipelines and storage (PAA).

Kinda getting my dick bit off right now even though they stand to gain more than any other entity on earth in the super ultra mega contango environment.

[Anonymous No.18868165]

Can't wait for those DHT earnings

[Anonymous No.18868215]

>>18868165
aye

[Anonymous No.18868341]

based

[Anonymous No.18868454]

Sell DHT when it moons or hold forever for fat Divvys? I bought 300. Sell half, keep half?

[Anonymous No.18868560]

>>18867357
None of the fundamentals have markedly changed the last few weeks.
> Demand is still destroyed and will be below normal for a year or more
> Cuts are only just now starting, and may not happen at all in some regions
> World oil storage is close to full, if not full already
> Re-openings will cause likely 2nd round of US lock down in June
> Saudi tankers are still on their way (Not like they can turn around + delivering older contracts, if tanks are full not their problem)
There's an interesting game being played here- I think WTI prices won't go negative until the Saudi tankers arrive. Cushing is either already full or close to it, but blaming the Saudis is an easy deflection.
Energy stocks will likely recover as the market does. Money printer goes brrr and the markets no longer truly represent real world fundamentals. I'm fully expecting an energy bailout to come as well, but not until the negative oil hits again. The US admin is very much reactionary and will do nothing until congress has people screaming at them.

Tankers have been pretty flat after giving up last weeks gains; which might have been some sort of accumulation play by hedge funds. Next comes earnings and we'll see what that means for all of us.
>>18867706
I feel ya. I'm only in like $1.6k (all I could get moved into them in time), but it's all on TNP/TNK/TK options calls. I still think it's a game of patience and waiting for the money to come to you. Whole sector is still undervalued by 2x minimum, and could easily fly 4-10x based on how irrational the market is atm.

[Anonymous No.18868638]

>>18867357
Only the weak don't invest solely in the greek. Tnp forever.

[Anonymous No.18868672]

>>18868454
Based on past experience there is a slight tendency to dump after the ex-divvy date, but that was a very different time and market.

[Anonymous No.18868689]

>>18867357
tanker stocks are going to be a short term play
why not make this oil trading general instead?

[Anonymous No.18868743]

>>18868638
redpill me on TNP, I have money to spend

[Anonymous No.18868768]

>>18868689
Tankers will be good for 6-12 months approximately. Entry is not quite confirmed yet, but basically buy in anytime and you're good.
Oil is going to happen who knows when and will be a 10 minutes play at open.

[Anonymous No.18868787]

>>18868672
Can't find next ExDivvy date, have they not announced it or something?

I kind of want to hold 100, and just sell calls on it while getting divvys, but I can't find a reliable divvy schedule.

[Anonymous No.18868793]

>>18868743
>greek
>low cost entry
>not flooded with shares
>greek

[Anonymous No.18868840]

>>18868768
Tankers are a meme when we start going green they will get left behind

[Anonymous No.18868887]

>>18868787
Not announced yet

[Anonymous No.18869010]

>>18868840
Lol'd hard. How low-IQ do you even have to be to make a post like this?

[Anonymous No.18869056]

If you are actually buying tankers, buy the ones that can legally export from US. Otherwise, what is your justification?

[Anonymous No.18869086]

STNG holder here. Clean tanker rates have been really high lately and im hoping for some great Q2 guidance on Wednesday earnings

[Anonymous No.18869149]

>>18869056
Stop being retarded please.

[Anonymous No.18869197]

Does TSLA go to $1,000 this week or next?

[Anonymous No.18869304]

If DHT reports tomorrow, does really well, and the stock shoots up, then companies like FRO and EURN will probably go up tomorrow too then right? I’ve got FRO and EURN calls, but my question is should I wait until their respective earnings reports or sell when the earliest (DHT) report brings up all tanker stocks? Especially FRO

[Anonymous No.18869373]

>>18869304
Keep holding. Tanker stocks fall in line with one another. If one does well then all the others follow.

[Anonymous No.18869478]

>>18869304
>selling before ex-div

[Anonymous No.18869482]

>>18868768
I'm saying this as a bagholder of DHT and FRO
tankers are a short term play into the summer and that's about it
production will start drawing down to match consumption and storage won't be as profitable as it was in march

[Anonymous No.18869533]

Some anon said some retarded crazy shit that FRO is likely to hit a high of like 500
Don't think for a fucking second this shit is going above 15
In fact, even if it hits 14 sell that shit
I have like 70 shares of FRO but I can't see a single world where this shit goes even close to 20

[Anonymous No.18869579]

>>18869478
When is it for FRO and EURN? I can only find past dates not future

[Anonymous No.18869605]

>>18869482
You can't cut productions and everything is already running at minimum or almost minimum capacity. Moreover, capacity is already almost full everywhere in the world with even pipelines loaning their lines for storage. Historical oil surplus nowhere near current levels (since at the time there was still just as much demand as normal among other factors) rocketed tanker spot prices orders of magnitude. Even if oil demand were to restart today, production would still outpace demand and thus tankers would still be employed to capacity for a year or so, and that's assuming OPEC decide they don't want to fuck US oil anymore. Contracts for tankers are fixed-length so they're stable against oil demand after negotiations succeed. Price will peak around end of summer to early fall regardless of the oil situation and only around then will the price of tanker shares really moon. They will stay high for at least one quarter, but probably not much longer. I don't know why you'd buy tankers when you clearly don't know how any of this works.

[Anonymous No.18869618]

When do I sell? They are going to keep going up right? Like this is long term hodl?

[Anonymous No.18869621]

>>18869304
Since tanker earnings are going to be reported over the course of the whole month its possible that if DHT starts us off with a good run we could be in a bull run for the whole month. Of course, the market is extremely irrational so any bit of "bad" news could trigger a tanker sell off. IMO tanker stocks seem undervalued, especially for the oil glut we're going through. Look at what the 2014-2015 oil surplus did to tanker stocks and ask yourself if we are better or worse off then 2014. The NAT interview really screwed up tankers because it brought in many weak hands, tied with the fact the current situation is sorta unprecedented. Tankers will perform, it just depends on how much the frenzy will feed them.

[Anonymous No.18869682]

>>18869605
>You can't cut productions
Why do so many anons repeat this shit? It's expensive but they absolutely can draw down production.
Pipelines are great and are more viable long term than tankers.
Don't get upset just because someone had to bust your delusion bubble.

[Anonymous No.18869757]

>>18869682
Yay! Pipelines!

I'm not alone. Why does nobody want to talk pipelines and storage? Too boring?

[Anonymous No.18869782]

>>18869579
Should be announced during earnings

>>18869618
MRO is definitely a long hold, sold mine today though because earnings will be brutal. Will buy back in after the dust settles.

[Anonymous No.18869787]

>>18869682
>Why do so many anons repeat this shit?
Because it's true. It's literally cheaper to burn it all as it comes out (but usually not legal).
>Pipelines are great and are more viable long term than tankers.
They're bleeding money as much as oil producers as nobody's buying shit. But tankers on the other hand are being loaned at record rates.
You're literally retarded. You're arguing the moon is a floating cube.

[Anonymous No.18869789]

>>18867940
Pretty good for profit and minor risk management. You are definitely going to make money, I just prefer to hold the stock myself. Options make me feel bad, least I got an asset when I buy the stock and don't have a time limit. But you most certainly are going to make a profit.

[Anonymous No.18869811]

>>18869782
What? Nobody told me this. Fuck. What do I do know, just hold?

[Anonymous No.18869832]

>>18868768
Q1 will be good but not as good as Q2, Q3 will probably be also good, Q4 onward isn't a call I'd try to make
>>18868743
Low price, undervalued wrt. sector, low price, not a lot of shares float so can easily spike. Greek. Big fleet of 60+ ships. Plenty of spot and charter exposure alike, and seem to have plenty of cash on hand.
Some talking of a share buyback or possible reverse split in the near future, doubt either will happen as interest picks up.
>>18869621
This might be what happens. Combine that with WTI going negative again, FED printing, cramer mooing on TV, and retail hype, it's a winning combo. In theory.
>>18869682
Because it's true? Link related. Some oil fields can be permanently fucked up if you stop pumping from them.
> https://community.oilprice.com/topic/13571-why-do-oilfields-take-damage-when-production-is-paused/

[Anonymous No.18869846]

>>18869811
Hold or sell or buy. You have until Wednesday.

[Anonymous No.18869852]

>>18869682
>>18869757
You understand why pipelines were made right?
To transport oil. If they're storing oil in pipelines long term shit has gotten real bad for the oil industry. Tankers will remain the first choice when trying to find additional oil storage.

[Anonymous No.18869887]

>>18869832
All of this is correct.

[Anonymous No.18869984]

>>18869787
go look at north american rig counts and get back at me, and dude I fucking work with guys who punch these holes, I trust my own life experience over a neet with no life on 4chan
>They're bleeding money as much as oil producers as nobody's buying shit
they won't be by summer you fool, and they have had a great run in the past month that you missed out on

>>18869832
Hence the "it's expensive" part
"costly" would have been a better word to use
but yes anon, they shut-in wells if it is unprofitable enough

>>18869852
What the fuck are you talking about?
why do you think oil storage is at such a premium right now anon? oil never sits in those pipes for long periods of time

[Anonymous No.18870015]

>>18869846
I sold my XOM and FANG for more tankers. I am holding my MRO personally though. Earnings didn't affect XOM and FANG that much so far it seems, and MRO is a stronger company doing everything right. I have some confidence in holders. And if it dips below 5, I will buy more.

[Anonymous No.18870034]

>>18869852
>>18869852
>You understand why pipelines were made right?
>To transport oil.
We are in a tanker thread.

Tankers, used for transporting oil, are now being used for storage, so are pipelines and other land based logistics systems.
Also, PAA actually has pretty large storage holdings too.

[Anonymous No.18870073]

>>18869832
I appreciate your thoughts anon - I can see INSW have an earnings report due on Thursday, any insights you can offer on them? From what I can gather they've spent the past couple years consolidating debt, I suspect they'll see some pickup with the current situation.

[Anonymous No.18870101]

>>18869984
You really are a lost cause. Yikes!

[Anonymous No.18870121]

>>18870101
If you said the disrespectful shit you've said to me itt irl I would smack you in the mouth. Lord knows you could use it.

[Anonymous No.18870152]

>>18870015
I have complete faith in MRO, but if XOM suffered massive asset write downs so will MRO and most other energy companies. They have too much exposure to shale to dodge this bullet. This will spook investors even if its already mostly priced in so to speak. I will reacquire when the price dips.

[Anonymous No.18870157]

>>18870034
good luck man, PAA is a strong company, look at EPD as well

[Anonymous No.18870197]

>>18870121
What the fuck did you just fucking say about me, you little bitch? I'll have you know I graduated top of my class in the Navy Seals, and I've been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I'm the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that's just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You're fucking dead, kiddo.

[Anonymous No.18870216]

>>18870197
based

[Anonymous No.18870220]

>>18870197
What the fuck did you just fucking say about me, you little bitch? I'll have you know I was designed by the top virologists in the Wuhan National Biosafety lab, and I've been involved in numerous infections on chingchongs, and I have over 70,000 confirmed kills. I am coated in a protein shell and I'm the top pandemic in the entire country of China. You are nothing to me but just another healthy person. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am infecting my secret network of chinks across the USA and your IP is being traced right now so you better prepare for the sneeze, maggot. The sneeze that wipes out the pathetic little thing you call your life. You're fucking dead, kid. I can be on any doorknob, anytime, and I can kill you in over seven hundred coughs, and that's just with my spike glycoprotein. Not only am I highly contagious, but have a transmissible incubation period of two weeks and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little "clever" comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn't, you didn't, and now you're paying the price, you goddamn idiot. I will shit mucous all inside your lungs and you will drown in it. You're fucking dead, kiddo.

[Anonymous No.18870288]

>>18870152
Well, in all fairness, spook investors how much? I doubt oil will return to lows....and if they all do then I am going to be loading those cheapies like you wouldn't believe with my tanker money. But as I see it, it can perhaps, at worst during a new total downturn, go back to 4. An earnings and bloody red week slaughter will drop below 5, maybe 4.8 at worst possible imo. As I see it, too risky in the scenario that investors hold strong enough and price starts rising again to sell off and look for re-entry. I rather hold for now and if there is a huge sell off then simply buy more.

But you aren't wrong at all, I am just throwing stuff out of my ass like I normally do and like everyone does when making opinions about this market. We can both win so I just hope for that.

[Anonymous No.18870296]

>>18870157
I looked at them and Magellan Midstream. Lol. Went with PAA because it was the lowest price.

How do you feel about NuStar? Saw an anon talking about them the other day.

[Anonymous No.18870415]

>>18870288
I don't see it going lower than mid $4's unless earnings are much worse than forecast or MRO is unexpectedly lower on cash than anticipated. It may not move much at all though. I started buying when it was mid to low $3's.

[Anonymous No.18870417]

>>18870296
You made the right call, PAA is one of the best pipeline companies to buy right now, and they have a decent bit of storage too, earnings for them tomorrow.

[Anonymous No.18870481]

>>18870415
I know the feel. I bought all my shares at 4 dollars and just been sitting on it. We will be fine though anon! Probably won't move much either way and we both don't lose or gain realistically.

[Anonymous No.18870870]

>>18870034
Get that, but it beneficial to halt/repurpose the ocean based logistics system before the land based. I only mentioned pipelines because another anon brought it up as an alternative to tankers. But that being said, full pipelines are bullish for tankers.

[Anonymous No.18870898]

late to the party but i bought 100 shares of DHT today. am i gonna make it?

[Anonymous No.18870901]

>>18870870
Which tanker stocks would you grab some calls on at open? I've shied away because they're getting some weird press lately.

[Anonymous No.18870941]

>>18870901
I like FRO, DHT, TNP, TK, STNG, and to a lesser extent, NAT.
>>18870898
Absolutely.

[Anonymous No.18870969]

>>18869533
This. My exit is $12.50 a share.

[Anonymous No.18870970]

>>18868793
Why the fuck is it 10% of what it was in '07?

[Anonymous No.18871347]

>>18870970
The greek economic crisis I'd figurr

[Anonymous No.18871371]

>>18870970
>>18871347
There was an oil surplus in 2008 caused by bush and iraq.

[Anonymous No.18871470]

>>18870941
TNP has a pretty rough looking option chain... How would you play this?

>pls no bully on the font

[Anonymous No.18871533]

>>18871470
What the FUCK is this font?

[Anonymous No.18871561]

>>18871371
Yeah but oil literally went negative and the needle on these memes has barely moved. Meanwhile everyone is acting like tankers are a short term PnD play.

[Anonymous No.18871580]

>>18871533
It's easier on my eyes. I run a website, an etsy store, an eBay shop, and all of my other shit on this thing. I'll be blind by 40.

[Anonymous No.18871647]

Should I buy DHT calls?

[Anonymous No.18871756]

>>18871647
Yes and STNG

[Anonymous No.18872151]

How many calls of DHT should I buy.

Someone offer a % chance it could touch 25$ so I can sleep and wake up ready tommorow with a plan

[Anonymous No.18872185]

>>18872151
Buy as much as you can. Its going to moon like crazy on open and after earnings.

[Anonymous No.18872199]

>>18867357
Is FANG ever going under 35 again?

[Anonymous No.18872285]

>>18872185
If it doesn't moon on open I'm going to be a bit shaken. Not letting go though I've held on for like two weeks of rollercoaster at this point.

[Anonymous No.18872575]

>>18872185
Placed 10 calls now, 10 in june, and another 10 in July. @ strike 8$

[Anonymous No.18872758]

Will I be able to get in on open tomorrow? Missed out buying dht today before close.

[Anonymous No.18873020]

>>18872758
Worst that can happen is you miss out on some of the insane gains.

[Anonymous No.18873082]

>>18873020
Aw okay. Thanks anon

[Anonymous No.18873145]

>>18873020
If I placed the contracts at the price TDA showed me will it be filled as soon as it opens up in the morning? Whats the chance it could glitch

[Anonymous No.18873192]

>>18873145
Not sure what you mean by glitch. It will almost certainly gap up.

[Anonymous No.18873213]

>>18873145
Did you market buy?

[Anonymous No.18873228]

>>18873192
So I should probably rewrite them to be a good 0.05+ their current futures

[Anonymous No.18873483]

>>18869533
Yeah I'm pretty sure ATH is impossible due to share dilution

I do think a 2x is definitely possible, depending on how earnings and the june WTI futures play out

[Anonymous No.18873658]

>>18873483

how high you think DHT will go to?

[Anonymous No.18873696]

>>18873658
$30 by January, tops $150 by 2022

[Anonymous No.18873726]

>>18873696
150 damn wow, how do you figure that high?

[Anonymous No.18873768]

>>18873658
I could see it going to 15, maybe more if demand doesn't pick up much over the next few months

Just remember this is going to be a temporary boost, demand is slowly increasing and supply lowering to meet it. Tankers are making bank over the fact that supply currently outstrips demand but that won't last forever and they'll probably dump hard when they aren't storing oil anymore

[Anonymous No.18873822]

>>18869086
This anon gets it

[Anonymous No.18873895]

>>18869789
Appreciate that Anon. It's rare on here to see someone say the word risk management. Wish fellow folks wouldn't chase after those 1000% returns when it's possible to win 15% to 20% weekly during earnings with 80% to 90% success.

Didn't mean to include HTHT.

[Anonymous No.18873927]

>>18867880
Can somebody explain what this guy is saying?

[Anonymous No.18873996]

>>18871470
It's 8:23pm where you are. Most options are set to cancel at the end of the trading day to avoid getting screwed by those ~ night moves ~

[Anonymous No.18874054]

You all fell for a meme shiled by an anime fag.

[Anonymous No.18874064]

>>18867357
Meme stocks.
Oil demand is coming back within the next month.

[Anonymous No.18874085]

>>18873927
That guy.
Buying call options for double the current value that expire in under two months is a moonshot.

The odds of those calls that anon bought paying off is in the single digits. If the stock value only goes up to $14, anon loses everything. It's only if it surpasses $16 that it becomes more profitable than just buying the safer options. Above $16 though, he'd be pretty rich.

Anon is about 8x more likely to profit by just buying calls on a lower strike price versus losing everything.

[Anonymous No.18874092]

>>18874054
Was a DHT fag, but we’ll see I guess.

[Anonymous No.18874130]

>>18874085
We'll know tomorrow on earnings if that anon is a genius. If the stock doesn't go up an insane percentage, IV crush will make his options near worthless.

Any other events that would affect tanker stocks would likely affect the ones with upcoming earnings such as FRO.

[Anonymous No.18874264]

>>18871756
>>18870941

What makes you include STNG? As far as I can tell their tankers haul clean petroleum products which are not in as extreme a contango as crude

[Anonymous No.18874390]

>>18874264
The LR2 spot rate has been higher of late since VLCC started to cool off. Dislocation.

[Anonymous No.18874540]

>>18869832
>Q1 will be good but not as good as Q2,
Based and bigbrainpilled. Think ahead a few months anons.

[Anonymous No.18875151]

>>18869478
any of you expecting a special divvy from this?