/tog/ Tankers & Oil General

[Anonymous No.19368250]

Good morning edition
>Cursory oil education
https://www.investopedia.com/investing/oil-gas-industry-overview/
https://pediaa.com/difference-between-crude-oil-and-shale-oil/
https://www.api.org/oil-and-natural-gas/consumer-information/in-the-classroom/online-education-resources
https://www.opisnet.com/resources/glossary-of-terms/

>Cursory tanker education
https://www.investopedia.com/articles/investing/012316/crude-tankers-business-transporting-oil.asp
https://lawexplores.com/the-tanker-market-current-structure-and-economic-analysis/
https://www.mckinseyenergyinsights.com/resources/refinery-reference-desk/tanker/
https://www.euro-maritime.com/index.php/navigator?id=3080

>Tanker rates
http://www.crweber.com/ (no https)
https://twitter.com/TankersInt

>Maritime news
https://lloydslist.maritimeintelligence.informa.com/
https://www.marinevesseltraffic.com/2013/02/tanker-track.html
https://www.freightwaves.com/american-shipper
https://shipbrief.com/

>Oil news
https://www.eia.gov/outlooks/steo/report/global_oil.php
https://oilprice.com/Energy/Oil-Prices/
https://www.spglobal.com/platts/en/commodities/oil
https://www.rystadenergy.com/newsevents/
https://nhentai.net/tag/oil/

> Oil companies
IDK, is Texaco still in business?
I’m not making a list, there’s hundreds.

>Tanker companies
https://pastebin.com/TnN1aeQz

> Upcoming tanker earnings reports
SFL on 5/29, pre-market
TNP on 6/4, pre-market

>Oil futures rollover date
June 22, 2020

[Anonymous No.19368328]

>>19368250
energy markets are degenerate more degenerate than crypto. just buy bitcoin. stocks fags are legit the worst and are the problem. bitcoin is the cure.

[Anonymous No.19368600]

>>19368250
Anons maybe haven't found the thread yet since it is a /tog/ edition instead of /tsg/, but still this is quite a glorious time! Up bigly today as well, we might be in for the big port!

[Anonymous No.19368644]

I was expecting at least a small drop for WTI in June, someone want to red pill me why I'm retarded?

>>19368328
>energy used to create electricity
>the cost of energy will continue to rise as it's a finite commodity
>no energy = no crypto

okay

[Anonymous No.19368681]

TANKERS GOING UP
MY LOSSES ARE FINALLY DISSAPEARING
I SEE THE LIGHT BROS, AND IT'S BEAUTIFUL

[Anonymous No.19368699]

>>19368644
Your image is truth. Fuck China, let's fuck em up and raise price of oil and tanker rates sky high again. It is the outcome where we both win bigly. That, and it will send tech and a bunch of other stocks tumbling down again finally and maybe make them cheap enough to buy once again.

[Anonymous No.19368959]

Tanker rates are up heading into their Q3 calendar and oil is down today. Wonder what else will happen?

[Anonymous No.19368989]

POST YOUR POSITIONS MATIED

>1k dht shares
>3 dht 6/19 $7 C
>1 fro 6/19 $9 C

[Anonymous No.19369244]

>>19368959
If China gets sanctioned, we become wealthy boat owners. Also gas may enter a worse contango than oil even if oil contango doesn't "resume" (it exists still, 30 is less than hypothetical 40 and 60) just conditions aren't letting it enact).

>>19368989
Hope you got in late so you are profiting or close to it.

500 shares of DHT,
200 shares of EURN,
500 shares of FRO,
200 shares of STNG.

I am doing pretty damn good overall. A moment of silence for all those who sold and haven't lived to see this day.

[Anonymous No.19369266]

>>19368989
Yeah I bought DHT around 6.20 so after the dividend I’m in the green again. I wish I would have gone all in on FRO calls because that’s doubled in value since I bought it

[Anonymous No.19369297]

No tankercels BTFO

[Anonymous No.19369325]

>>19368989
400 dht @6.38
600 FRO @ 7.96
wrote DHT Jul 7 Call
FRO Jun 9 Put
3 FRO Jul 8 call
Bought 6 FRO JUL 7 puts as a hedge against the dividend drop, but I bought too early instead of waiting a day before ex-dividend like a dumbass.

[Anonymous No.19369327]

>>19368681
Congrats on that and oil too.

[Anonymous No.19369342]

Are you guys waiting for the original moonshot or just going to bail once you’re green?

[Anonymous No.19369366]

>>19369342
if my calls turn green for one nanosecond i am fucking OUT

[Anonymous No.19369448]

>>19369297
Up more now. Also who cares, EURN went up 60 cents yesterday kek. Up BIGLY!

>>19369342
I am waiting for moon. Fite me. For real though, might as well wait till all divvies at least and re-assess then. If I get up bigly, I will sell some for profit/pay off the bit of margin and keep the rest that way I am not tied up in just tankers. Maybe. Depends on momentum, because I will ride this shit for however long I think it profitable. And if some big event happens to make it all skyrocket in rates I will settle and wait for sure.

[Anonymous No.19369460]

>>19369342
I'm going to bail on DHT as soon as it hits 7 and maybe swing to EURN if it hopefully stays around 10-11, and maybe let FRO ride while writing puts and calls along the way since I'm holding anyways.

[Anonymous No.19369493]

>>19369342
Revising. I will basically do the same thing as >>19369460 potentially as well unless DHT just carries momentum into the heavens. And if STNG dips will maybe swing there too instead of FRO, I got enough FRO. It all depends, gotta assess as we go along.

[Anonymous No.19369888]

>>19369342
I'm pretty /EURNpilled/ so i'll be keeping them for a while to collect divvies and to see what the market looks like going into 2021. I'm swinging FRO and TNP for profit in that time, should hopefully cover what I have in EURN over the next couple months.

[Anonymous No.19370109]

Hey, so just got news that Pompeo changed the status of Hong Kong from autonamous to being under China. Is this good news or bad? Does this mean America is going to accept Hong Kong being under Chinese control, or does it mean it should be autonomous but we don't see conditions as such so might take action against China until they free them? The answer is important because the latter interpretation means sanctions MUST be incoming!

>>19369888
Checked and smart. EURN has an essentially limitless cash pile now, and they have an absolutely enormous and diverse fleet.

[Anonymous No.19370404]

*tlin*tlim*tlim* AHEM...

A toast to all those people with steady hands.
It has been a pleasure weathering this storm with you gentlemen. Specially those that were in for the Contango play.
For our recent new seamen. Welcome aboard. Let's hope this is just the beginning of another big and bountiful adventure now that the storm is over.

[Anonymous No.19370414]

TANKERCHADS RISE THE H*CK UP!

[Anonymous No.19370562]

>>19370404
Toast! It has been an absolute pleasure posting and struggling with all of you who have remained. Especially those like me who went in for contango and stayed for the value. May we have clear waters and smooth sailing towards greater and greater profits. Who would of thought it would of only taken 2 days to make up for every loss and go green overall. RIP those with weak hands.

>>19370414
WELCOME TO THE BIG PORT!

[Anonymous No.19370570]

DHT PLEASE STOP I CANT HANDLE ALL THIS WINNING

[Anonymous No.19370616]

It seems like tanker rates are going into a period of price exploration. This is the third time this week we've had on subs of 60k+. I see this as super positive, maybe 45k rates were bottom? Thoughts?

https://twitter.com/TankersInt/status/1265657704674209793

>Demurrage USD 65K (TCE: RV USD 73.95K @ 69.93 days / Actual USD 71.1K @ 72.53 days)

[Anonymous No.19370701]

AHOY MATEYS, THE SEA WAS A CRUEL MISTRESS BUT KNOW SHES FONDLING ME SALTY BALLS AND LICKING MY SWARTHY TAINT. ITS A GOOD FEELING. SMOOTH SAILING TO THE MOON FROM HERE ON OUT TANKERCHADS.

FUCK BRANDON
FUCK JANNIES
OUR TIME IS NOW

[Anonymous No.19370769]

I have nothing in tanker or oil, what should I yolo in RIGHT NOW

[Anonymous No.19370827]

>>19370616
Very interesting. Also very good news. Now just imagine...imagine a China sanction. The fucking glory. Also those demurrage rates, wew.

>>19370701
AVAST ME BUCKO. THE SEA IS A GIVIN A LOVIN TO US SALTY DOGS. WE SAILING TO THE MOON!

>>19370769
EURN OR FRO OR STNG. TAKE YOUR PICK.

[Anonymous No.19370841]

>>19370769
Product Tanker:
ASC - Bullish
DSSI - Very Bullish
STNG - HYPER BULLISH

Crude Tanker:
DHT - Neutral/Bearish
FRO - Bullish
EURN - HYPER BULLISH
TNK / TK - Bullish
NAT - Very Bearish
TNP - Bullish

Oil:
Anything but USO and UCO
Don't pick shale bcuz bankruptcy
Literally any oil super major

[Anonymous No.19370943]

Sell DHT and FRO when it is green or hold and hope they go to the moon?

[Anonymous No.19370961]

>>19370562
>RIP those with weak hands.
Yes.
Don't forget those RATS.
Or the attempt at mutiny!
Traitors, all of them!

THEY WALKED THEMSELVES OF THE PLANK

>>19370616
I kept telling people about that.
Even if floating sotrage decreeses, people have been storing Oil in the most remote locations where there were tanks.
Now they need to get the Oil back to the buyers.

[Anonymous No.19370964]

>>19370943
DHT ain't gonna moon, brother

[Anonymous No.19371095]

>>19370841
>>19370964
Serious moment here, why WON'T DHT moon? "Muh senior notes" is essentially banking on one apocalyptic outcome to prevent it from doing so, otherwise it is still one of the strongest companies in the entire sector. What other reason is there to be against DHT? Sure EURN, FRO, and STNG are better objectively, but DHT bearish seems like an exaggeration. It isn't NAT, it has a big VLCC fleet and raking in absolute tons of money.

That said, if this shoots up I will likely convert my shares to EURN.

Actually, hang on. If I buy EURN now, will I get the divvy tomorrow? I just noticed I am in the perfect ration right now to convert my 500 DHT shares into 300 more EURN, so I would have a total of 500 EURN, 500 FRO, 200 STNG. Fuck, I got something to think about here.

[Anonymous No.19371121]

>>19371095
because i've been watching it for a month and it has consistently been the weakest of the bunch

[Anonymous No.19371237]

>>19371121
I need a better reason than that. FRO was arguably just as bad, now look at it go. And considering today's pump, DHT could pull another FRO. I need something fundamentally bad, because now it seems like fundamentals might all of a sudden apply.

>>19370961
Kek. Well, fair enough. Fuck them for their FUD and bad feels.

[Anonymous No.19371250]

>>19371121
Today proved otherwise. DHT remained green during the opening hours and held string while other tanker stocks besides FRO dipped

[Anonymous No.19371251]

>>19370109
He didn't change the status, he just stated that it's not really autonomous in any meaningful way (as was initially intended) - as I understand it that could have big implications for the US, as HK autonomy is checked every year or so in the context of US-Sino trade. Not a guarantee of anything big, but it's interesting mood music geopolitically.

>>19370404
Absolutely this - welcome all new hands, all old hands be blessed, I love you all.

[Anonymous No.19371253]

>>19371237
it's run by crooks who sent fucking brandon at us?

[Anonymous No.19371269]

>>19371095
There are two EURN divvies being paid in the next few weeks, think the baby one is the first one. Daddy one comes later.

[Anonymous No.19371294]

>>19371250
>>19371237

one. day.

[Anonymous No.19371336]

>>19371251
Oh, so basically it failed the check. Thank you, I was very unsure what it meant because it seemed vague. That is extremely interesting geopolitically then, and can give us strong winds too. Thanks fren, I am glad for all of the frens here too.

>>19371253
Probably JPM or GS sent him. Maybe FRO actually. He stopped the moment it started its giant run recently. Still not enough, I need something fundamentally wrong. Like NAT, kek.

>>19371269
baby one is still as much almost as DHT's. It is big. But that is another play, wait to see if EURN has dip from baby divvy, and if DHT goes up swing into EURN tomorrow or day after. I got to think still.

>>19371294
FRO started with "one day" too. Also DHT was up yesterday as well.

[Anonymous No.19371358]

>Grug sell rock, buy boat. Boat go to moon.

[Anonymous No.19371366]

>>19371294
>implying that means something

[Anonymous No.19371477]

Hey, what happened!?
My portfolio is rising rapidly!

This is great, is the tide turning?

[Anonymous No.19371490]

>FRO PUMPING 5% EVERY DAY
FEELS GOOD MAN

[Anonymous No.19371497]

>>19371336
It absolutely could anon - I get the feeling the US administration is itching to stamp on China's throat soon. We have to wait and see, but tankers could do very well from sanctions.

A big stonking humongous heaving roided baby divvy! My favourite.

[Anonymous No.19371635]

>>19371477
Yes. Yes it is.

>>19371490
Immensely good.

>>19371497
Same here, Trump has been hinting at it and willingness for days now. If it happens....we will have bragging rights forever on /biz/. And I know, the baby is so fat kek. Still unwilling for now to sell my DHT. For now. I got a good feeling about what DHT's Q2 report will be in specific out of all the tankers, they have gotten the biggest and fattest rates out of everyone this whole time somehow and by placing their dividend low they got a lot of room to pay off debt and make it higher/buyback/etc.

[Anonymous No.19371862]

>>19371490
Looking forward to that fat titty divvy.

[Anonymous No.19371915]

Why are tankers pumping all of a sudden?

[Anonymous No.19371936]

>>19371915
everything is
we've just been conditioned to tankers going down no matter what to the point that upward movement seems like it's the tanker's moment

[Anonymous No.19372069]

BRANDON, OH BRANDON!!!
WHERE ART THOU BRANDON??
THINE (((MASTERS))) HAD PAID FOR YOUR SHILLINGS
AND FOR WEEKS YOU WERE SO VERY WILLING
BUT NOW YOUVE GONE MISSING
AND MOST LIKELY CRYING AND PISSING
AS WE SAIL AWAY TO THAT BIG GREEN PORT
EAT SHIT AND SUCK OUR FAT TANKER COCKS BRANDON

~FIN

[Anonymous No.19372085]

>>19371915
Because it is TIME!

>>19371936
Check percentages. Everything is pumping except tech sure, but definitely not this much. Except airlines, kek.

>>19372069
Beautiful. No sight of him ever since the pumps began.

[Anonymous No.19372093]

>BREAKING: The judge has ruled on the issue of double criminality in the #MengWanzhou extradition case. She has ruled the case meets the test of double criminality ...extradition proceedings will continue. #huawei #ctvnews

Shit is about to go down. China is very pissed at Canada. America is very pissed at China.

This is going to get interesting. Tanker bros, hold on to something.

[Anonymous No.19372131]

>>19372069
Based

[Anonymous No.19372133]

>>19372085
brandon inexplicably disappeared when oil contracts rolled over without incident

i am talking percentages

this needs to happen every single day for like a week straight to erase the past month for DHT

[Anonymous No.19372179]

>>19371915
Because they’re finally being valued for what they’re worth since they’re making buttloads of money. Personally I doubled down because the divvies are too much to pass up and at least for FRO the ex and record date is next week.

[Anonymous No.19372219]

>>19371915
Because they were undervalued.
The losers of Contango jumped ship, and now the Super Cycle Investors are coming in.
Also, the China tensions may help american tankers.

The more time I hold these bad, the more I like this industry. Very swingy, nice dividends.
Stocks keep going up so you feel less FOMO.

[Anonymous No.19372235]

>>19372133
>this needs to happen every single day for like a week straight to erase the past month for DHT
Only if you were the retard that bought at the top.

[Anonymous No.19372352]

Tanker wins if:
-Any sanctions
-2nd wave of corona virus
-Market conditions stay the same
-Oil contango comes back

you'd have to be retarded if you're losing money on tankers right now.

[Anonymous No.19372354]

>>19372093
O-oh yea baby! Wew! Come on, let's be morally bankrupt and root for global political breakdown just so we can profit! Unironically. I will sink relations forever and enter a cold war just for money.

>>19372133
Actually it needs to happen like once more. Or twice more to REALLY get back to its "stronger" levels. I just need a bit under 7 dollar to break even.

[Anonymous No.19372400]

>>19372354
>>19372235
erasing the past month is straight up math there's nothing subjective about it

[Anonymous No.19372446]

>>19372354
fuck mate, I work on a cargo ship. The gulf war was insanely profitable for the civilian sailors that carried supplies thanks to hazard pay. I'd love another war, pump up the number of jobs available

[Anonymous No.19372502]

>>19372400
Only if you bought the literal top. Which would of been stupid. If we are going to use your logic, FRO and STNG are absolute GARBAGE right now. FRO needs to go up 2 more dollars (same as DHT) to retrace its past month, and STNG 7 fucking dollars.

Your logic is retarded. If you aren't swimming in loot if things retrace "back to past month," then you suck at investing. I would be doing FANTASTIC if it goes back to previous month considering I am turning profit overall right now.

>>19372446
Based sailor anon! If you don't mind the risk, I really do hope we get heightened tensions. I want you to be wealthy anon, and thanks for the affirmation on profitability.

[Anonymous No.19372521]

I am sorry tanker bros i jumped ships. Had good gains and AMD dropped to 45EU, and didn't want to miss it.

[Anonymous No.19372548]

>>19372502
how the fuck do you get an "if" out of two fucking numbers?
you've got the number from one month ago. and you've got the number from today
for DHT to erase a solid month of losing it needs to do something specific to get back to where it was

[Anonymous No.19372635]

Good idea to buy in FRO or DHT now?

[Anonymous No.19372662]

>>19372548
Then why aren't you equally against FRO, STNG, and all other tankers? They are arguably down more than DHT. More than DHT percentage-wise even. STNG still is, FRO was up until "the run." You are arguably exhibiting "buy high sell low" logic instead of taking things as good deals.

>>19372635
If you don't mind a potential dip, yes. In general I think it is better to buy and not worry than try to time and miss out. I would say buy. EURN and STNG are worthy too.

[Anonymous No.19372672]

>>19372662
because i am personally familiar with DHT being absolute dogshit

[Anonymous No.19372765]

>>19372521
Well, best of luck to you. Now that I am green I am riding these waves. Especially for divvies. I won't think of selling until divvies, then I will assess.

>>19372672
Personal burns. Okay, I can dig that, sorry for digging up old wounds anon. It just isn't objective in this in terms of analysis compared to the sector.

[Anonymous No.19372864]

Kill me.

[Anonymous No.19372897]

>>19372864
j-just bee urself

[Anonymous No.19373059]

>>19368250
Holy shit I'm glad I bought in yesterday, why is it that only my pessimistic stocks pump? I didn't even time it.

[Anonymous No.19373313]

>>19372864
oof, bought the top. Well....we will be back there shortly, fret not.

>>19373059
I got no idea. But you joined at just the right time for the Big Port. MAN IS TODAY A GOOD DAY!

[Anonymous No.19373413]

>>19370570
That’s a dude, guy

[Anonymous No.19373457]

THIS POOMP. COME ON BABY, LET'S GOOOOOOO!

[Anonymous No.19373609]

Who the fuck is selling so many DHT calls, no wonder why my call price isn’t going up when there’s 500 asks at the next price level and only 20 bids

[Anonymous No.19373703]

>Account value ends the day at 7777.7

CALL ME A POORFAG, BUT I TAKE THIS AS A FUCKING SIGN. CONGRATS ON ANOTHER FINE DAY TANKERCHADS, WELCOME TO THE BIG PORT!

[Anonymous No.19374120]

I will make another /tog/ thread tomorrow (will include /tsg/ somewhere in the subject to catch any stragglers). I will try to make OP a little more replete with sources, especially on the oil and sanction front (that being if there's any new news). Will try to look for good sites with recent news on sanctions, specifically on Chinese maritime or shipbuilders, which is where we want the sanctions. If you have some good links, post'em. Good day today, lads. To those who sold for a loss, my condolences, but you never had faith in the waves.

[Anonymous No.19374963]

>>19374120
If you don't listen to sea cat, you deserve to drown. It's on them for their apostasy

[Anonymous No.19375344]

>>19374120
Good job OP - i'm yet to fully warm to the idea of a shared general but you've clearly put some effort into it. I'll see if I can dig out some links for tomorrow. Here's hoping for another comfy day riding the waves to our good fortune!

[Anonymous No.19375775]

>>19374120
Thank you OP, and yea I am a bit worried about stragglers due to being used to /tsg/. But thank you for the effort and I will be looking forward to tomorrow, all of that is relevant information to all fronts. Also nice gif.

[Anonymous No.19376214]

>>19374120
They don’t deserve condolences. They deserve a watery grave in Davy Jones Locker, where they’re rightfully at now.

[Anonymous No.19376225]

Thanks anon who told me to buy MRO

[Anonymous No.19376430]

>>19376225
You're welcome.

[Anonymous No.19376595]

i h8 all of you tankies :(
t. oilie

[Anonymous No.19377150]

Oil currently giving up some of its gains as we approach Brent rollover date:
WTI down to 31.17, six month spread approaching $4
Brent down to 34.74, six month spread a little over $3.25

This may be a blip, remains to be seen if it has any legs, but two more days of this could bring some rain.

[Anonymous No.19377929]

Congrats to all the chads who held on. Fuck tanker tourists.

Great interview with my man Mariusz and Kuppy released today:
https://m.youtube.com/watch?v=vKNt_Z5s6vI

[Anonymous No.19378640]

https://mobile.twitter.com/JHannisdahl/status/1265744450841690112

SPOT RATES UP

[Anonymous No.19379441]

>>19377150
Mother of God. INVENTORY BUILD UP. WEEKS OF DRAW EVAPORATED. ALL TANKERS STILL BLOCKADED. INVENTORY IS A FUCK.

Blip my ass, with sanctions on the horizon too? I don't want to get ahead of myself. But the perfect storm might be growing fiercer than we anticipated for the rollover false alarm.

>>19377929
>>19378640
Will watch in a bit, thank you mate and very good links.

[Anonymous No.19379495]

>>19377150
Correction from last post, but point remains this isn't going down nearly as much as expected. https://oilprice.com/Latest-Energy-News/World-News/Oil-Plunges-After-API-Reports-Large-Unexpected-Crude-Inventory-Build.amp.html?__twitter_impression=true

More oil than anticipated, shit ain't going down as much as it should and inventory builds beyond expectation, tankers still blockaded, possible sanctions, world is a fuck.

>>19377929
>>19378640
Will check interview in a while, but nice link. Where I also found the news of build up. Shit is toast, tankers are poised to go even further beyond our previous predictions.