Buy crude tankers

Buy crude tankers

Postby Fraser921 » Sat Sep 17, 2022 1:44 pm

Last May I gave you a Product tanker pick TRMD. Happily, that pick has doubled.
Put it on the Fraser Hall of fame list ;)

Going to double down with new suggestion's

Buy INSW & TNK

Crude tankers are floating pipelines. Some trade spot, some have fixed terms. Rates are moving up.
EU sanctions will drive more ton mile demand and as you know more demand and static supply means rates will go up.

Risk is EU caves and continues to buy energy from Russia. The other risk , the demented morons in charge, create the mother of all recessions.

-Other positive's

- gas to oil switching means more oil needed/transported.
- China coming out of Covid
- Fleet supply not expanding
- Transition morons are MANDATING shipping to SLOW down to cut CO2 emissions. (Which reduces available supply) starting Jan 1 2023

Here is a video from Teekay discussing fundamentals:

https://youtu.be/3-lndIqJ8iI Sept briefing
https://youtu.be/g2ay3phL-y8 June briefing

Bonus coverage

https://youtu.be/u9lFnXoIFtI

>>>> Very good video. If you only have limited time watch this one <<<<<<
Fraser921
 
Posts: 1629
Joined: Mon Mar 22, 2021 11:48 am

Re: Buy crude tankers

Postby Fraser921 » Mon Sep 19, 2022 12:22 pm

anybody following this ALERT!!! ALERT!!

Just Today at 1:18 est... 1/2 day change

NAT up 11.4 %
TNK up 10.3 %
OET up 7.2 %
INSW up 7.2 %
FRO 6.8 %
DHT up 5.17 %

BONUS sleeper pick TK up only 3.9 % they own 10 m shares of TNK plus 250 m cash
Fraser921
 
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Joined: Mon Mar 22, 2021 11:48 am

Re: Buy crude tankers

Postby Fraser921 » Mon Sep 19, 2022 3:31 pm

Broker upgraded the segment

Interesting…

https://fda195ed-9571-42ec-b092-d42af79f832c.usrfiles.com/ugd/fda195_1192da26ad174247962e5d1e61913d44.pdf
Fraser921
 
Posts: 1629
Joined: Mon Mar 22, 2021 11:48 am


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