/biz/ - Business & Finance

>>19217380
Wow. Informative. Really....hmm. So if price goes up, less shutdowns and more restarts which will make another supply issue. If price down, well, production is destroyed and it gets fucky. Exports like Brent can make enormous contango due to potential US supply policy of blockades. WTI should be discounted due to...obvious fuckeyness like Texas and internal management with storage.

Alright, so the ideal setup short term would be for demand to stay low or lower while price goes up. In order to back up refineries and choke supply on up the chain, meanwhile depending on export production to maintain because everyone is out for profit. Current situation is suggestive of continual blockade. India may extend lockdowns again. China might have issues again. In other words, tankers aren't even close to over contango play. Thank you anon, I will re-read in the morning to digest more, but that is a good breakdown, thank you.

>>19217385
Oh, not a shill, sorry. But yea, definitely DCA and swing trade if not on margin. I never said to do otherwise. Only thing is I can't personally DCA anymore, powder dry kek.

>>19218023
Well. We will probably increase. There is more to the report, and I like it overall. FRO missed earnings estimate....if they use diluted earnings per share like DHT, otherwise adjusted hit it. But I see a lot of good shit. .70 quarterly dividend is max comfy. Issuing new shares is actually good in my view (they want to sell more at the market) because most of it is held by insiders. That doesn't encourage much trading up, they all just hold, need buyers. I also like they want to see share price rise before they do it, meaning they expect it to. I also like how they earned more in one quarter than their entire earnings last year.

Really, this is bullish af. So it will probably dump knowing market logic. Or, it will be reported as "miss" and bought a lot like we been seeing every day. I will sleep after pre-open.