Solid fundamentals for Frontline after being oversold

2020년 5월 19일

Many people thought that the tankers business would suffer, but it's the opposite that happened, because tankers not only deliver oil relatively to a global oil demand (that suffered for sure), but they also STORE. And this is not free.
Companies like Frontline were payed to store the global surplus:
seatrade-maritime.com/tankers/awful-energy-day…unless-you-are-tanker-owner
cnbc.com/2020/04/24/we-are-making-a-lot-of-money-at-this-time-nordic-american-tankers-ceo-says.html


On the other side, we have some encouraging data regarding the demand for tankers:
seatrade-maritime.com/tankers/tanker-market-surge-time-its-real-frontline-ceo

All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!

2020년 5월 19일

코멘트

No financial advice given here

2020년 5월 19일

코멘트

(talking about "surplus" in the context of COVID-19 oil demand crisis)*
(19/05/2020)