/biz/ - Business & Finance

Anonymous Tue May 19 14:48:59 2020 No.19206474 [View]
File: 30 KB, 400x400, 1583172856012.jpg [View same] [iqdb] [saucenao] [google]

>>19206254
Same, I am green too. I wish I had my SCO money back, but tankers seem to be doing alright, and if anything, some are trading positively with oil price. Weird. But EURN is taking a gigantic crap. Strongest fleet, worst dump. I am very much enjoying FRO pump though.

>>19206399
We transitioned from "we x10 from super contango!" to "we x2-3 on value and MAYBE x10 from bullshit!"

With the start of supercycle looming and rates still like x3 at minimum of what is needed and supply of tankers going down soon with potential buybacks on the table now, why sell? Still good value, and value eventually comes. I just don't HAVE a reason to sell if I am not in need of profits right this instant.

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/biz/ - Business & Finance

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