Buy crude tankers
Posted: 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 <<<<<<
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 <<<<<<