Energy Prospectus

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 <<<<<<

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

Broker upgraded the segment

Interesting…

https://fda195ed-9571-42ec-b092-d42af79 ... 913d44.pdf

This segment is on fire

My trmd pick at 9 is now 34
My TNK pick is up 14 % today alone a 4 bagger from last year

Warning , what goes up could go down.

Russia ban is helping these names. If that stupid war ends and the EU kisses and make up prices could fall. Other risk severe recession and no one needs oil

LNG tankers are doing well FLNG
LPG tankers are doing well. Another member mentioned Dorian LPG

Tnk was 34 now 51 new high up 50%
They release earnings tonight. They will be softer than q2

Easy money has been made . Rates are moving up again

It’s ok to take profits

LPG up 9% today with a buy recommendation to 40 from DNB.
Baltic LPG Index is on fire. LPG paying another irregular dividend of $1/share.
Up 93% since 5/2022 excluding dividends.

That's a great company too.

I took some profits in TNK . I still have TK & STNG