/biz/ - Business & Finance

>>19042786
FROM MY COLD DEAD HANDS!

>>19042478
>>19042484

1) They are already cutting. It is possible to lower the production of an oil well without shutting it down.

2) Supply isn't only cut buy shutting down existing wells, in the mid-term it also goes down as new wells aren't drilled to replace depleted oil fields.

3) Private companies in the US and elsewhere aren't able to produce at a loss forever. Those who can't make profit at these prices will shut down their wells, there's no other way around it.

>>19042561
>The supply side of tankers is set for zero growth

Perhaps, but there's the possibility that oil demand will be lower than previous for a prolonged time which wouldn't mean zero-growth but negative growth. Many tankers wouldn't be needed anymore which would depress rates. It's also possible that oil demand returns to normal, in that case tankers would be in a very good state. I'm just saying that the market's pricing in the possibilty of a depression that will last years. Not buying you hedge fund conspiracy theories.

Comfy divvies and good returns will come to you, but only if you reply "HOLD ON SEA CAT" in this thread

>>19042786
:::::FLEET COUNTS:::::
I'll keep building the list but this is what I have so far. Different ships have different rates to track.
>DHT
Total: 27
Vlcc: 27
>Eurn
Total: 75
Vlcc: 46
Suezmax: 25
Fso: 2
Vplus: 2
>fro
Total: 69
Lr2: 20
Vlcc: 21
Suezmax: 28
>nna
Total: 46
Lr1: 10
Mr2: 10
Mr1: 3
Vlcc: 13
Chemical tanker: 2
>stng
Total: 138
Lr1: 12
Lr2: 42
Mr: 63
Handymax: 21
>tk (includes tnk, tgp, too)
Total: 130
Mr2: 9
Vlcc: 1
Suezmax: 26
Aframax: 17
Lng: 47
Lpg: 30
>tnp
Total: 58
Mr2: 6
Vlcc: 2
Fso: 3
Handymax: 9
Shuttle tanker: 3
Aframax: 19
Aframax lr: 3
Panamax: 11
Lng: 2

Another based OP, thanks anon.

Institutional buys from last thread:
TNP: JP Morgan, 200k shares
INSW: Citigroup, 45k shares, Thompson Siegel 250k shares
EURN: Thompson Siegel, 45k shares
FRO: JP Morgan, 2,038,569 shares!!! Victory Capital Management, 1,247,381 shares!!!

Here's the link for anons to do their own research into other shares, make sure to spread the knowledge. https://fintel.io/sob/no/fro

Also some interesting sells going down too.

>>19042842
1. It hasn't been cut nearly enough
2. That's true, we will not see investment in US wells for a while, however this is bullish for tankers, as they will transport imported oil if the US would be operating at a loss.
3. You're right, but this play is time sensitive with first, second, and third order effects. If the US wells are shut down, we'll have to use the tankers for imports.

>>19042826
Fuckin based
>FROM
>MY
>COLD
>DEAD
>HANDS
I don't care if I am stowed in divvy jones locker. I will reap that booty.

>>19042881
How do 2 big institutions buy 3.4 million shares of FRO and it be down 2% today

>>19042881
Wolverine and citigroup's activity is particularly interesting. They're extremely bullish on this.

>>19042786
I love these cute anime edits, they are so adorable.

>>19042881
Check STNG sells for more JP Morgan action, they sold all 88k put options they had. They have absolutely no confidence that shit is going down. I love this site, it fills me with such hope thank you for sharing. JP Morgan also bought 500k worth of DHT shares today as well!

If we are wrong in this we have the most powerful allies in the world wrong as well!

I was feeling down last thread, but it's not over yet boys. Rates have held up/stabilizing even as people try and convince you other wise.

To quote our swedish meat ball:
>"THE STRONK TANKAR MARKET IS HERE! THIS IS THE STRONKEST MARKET I'VE SEEN IN YEARS JIM AND I'VE BEEN AROUND A LOOOOOOONG TIME!:

>>19042845
HOLD ON SEA CAT

>>19042842
I get the point you're looking to make, and you have a point to an extent, but I think you're placing too much faith in the extent of the cuts currently being carried out across the world - most sources are vague on reduction numbers/when they come into force, and there's no real way to verify the cuts (Iraq, Russia and the Saudis are known to use accounting techniques to "cut" production). Most of the oil producers will gladly pump at a loss to ensure they retain market share, particularly given their economies are so reliant on oil.

It's an interesting point on US wells, but I don't believe Trump will let them shut down or go under, especially during a campaign year.

>>19043039
Are you paying for premium?

>>19042845
HOLD ON SEA CAT

>>19043183
Don't need the premium to view recent action, so nah.

>>19043219
How did you know they closed their puts position? I could only tell they closed it, not that it was puts.

>>19042842
Negative growth would be good for tankers. After the super cycle of 2004-2008, there were so many ships that rates couldn't maintain high prices. In all reality, tanker fleets are going to, and should, decrease in size if the company mangers have any wits about them. You don't want more growth in tanker fleet size, but rates. Here's a realistic bullish scenario:
Companies are using their older ships for floating storage, these ships are near the end of their life. They're taken of the market for an extended period of time due to time charted contracts. Once that contract expires, they'll be scrapped. This seems likely because of environmental regulations and an unwillingness to refit an older ship to compete with their newer ships (which would drive down spot rates).
I struggle to believe a scenario where both oil demand is low and there is no need for floating storage. A major collapse in the global economy will have to occur. And if that is the case, well, i'll probably be hunting for food to just survive, not worrying about my tanker stocks, or any stocks for that matter.
Oil is the life blood of this world, people want it even if they have to store it for an extended period of time.

>>19043244
Sorry just saw the puts. How did you know it was 88k though?

>>19043244
under the options field it says 'put'. Pretty straightforward.

>>19042983
i don't trade options, but C looks like they opened up a straddle?

>>19042983
Funny, I noticed that Wolverine kept cropping up everywhere too - based.

>>19042951
Other smaller institutionals sold, it's all very fluid at the moment - volatile game friend, just got to weather the storm.

>>19043039
That's encouraging! No problem anon, we're all in the same boat.

>>19043244
Really? Says put for me under the options category.

>>19043264
Ah, that's fine. And that is because it shows their previous position. Previously they held 88k contracts. Now they hold currently 0. -100% change. They sold all their puts.

You know, in general I think the May 15th play might be a bait. Tons of calls opening up for tankers everywhere today, and now put selling. I think they are about to game the people who assumed they are gaming with them. Is this it maybe?

>>19043319
you guys got me curious and i went looking
somebody put a shitload of 6/19 calls on sale today

Reasons tanker stocks are crashing to bankruptcy and how to profit

Try to stay focused on the fundamentals people (because I put the fun in fundamental get it?

1. Contango almost gone
2. Daily rates crashing to all time lows
3. Dumb money has already left and wont be back
4. Tanklets dont understand dividends
5. Tanklets dont understand that stocks value are based on future earnings
6. Brandon told them much of this and they didn't listen and already lost money; now mad at all Brandons
7.No catalyst for rising stock price
8. 2nd qtr earnings not good
9. 3rd qtr and beyond losses as far as you can see
10. Excess ships will be scrapped setting stage for a weak recovery in 2027
11. When the board bagholders capitulate we will get a 30% bounce
11.5 this will happen in 5 to 6 weeks and this general will disappear that's your sign
12. Then down to zero on bankruptcy by June 2021

None of this is refutable

>>19043389

it's nice of brandon to out himself early so you can easily filter his initial ID

Remember to filter XiPabph1 kind anons!

Settings>Filters>Edit>Add ID>Check 'hide'>Save

>>19042786
I'm down 25% on my tanker shares across DHT EURN and STNG lads. Bought the top and kept averaging down until I ran out of money. Need a 33% gain to break even. My hands are wavering.

>>19043439
You'll make money anon. It looks like it's starting today/tomorrow. Next week will be all green

>>19043389
>mommy! I posted it again!
>wh-who's this mommy?
>heya Brenden

>>19043439
Quite literally no point in jumping ship before futures expiry - and beyond that tbqhwyf

>>19043291
It's a hedged bullish position, but with a twist.
C bought a large position unhedged, and on top of that got calls and puts in a proportion of 38% more calls than puts (this means in general that they have a 62% expected hit probability). Also, check the price: the puts cost about the same thing as the calls. Both cost about $9.6 per option. This means this was clearly not a straddle (where you buy at the same price and date, hence one side of the option must be a lot more expensive than the other since it will be itm).

>>19043435
Please all bagholders filter me now is not the time to sell

>>19043439
My hands were weak once but I realized if I sold now it would be for nothing

>>19043439
Don't feel bad you are doing better than most. The average loss on this general is over 52%

>>19043517
I'm in it until dividends pay out but at this point they barely make a dent in my losses. And there's a fucking 15% Belgian tax on EURN and DHT dividends iirc. And with the way the market is acting it'll probably tank even more after payout. The little man just can't win against the big boy market makers

https://seekingalpha.com/article/4346047-scorpio-tankers-is-accumulating-cash

Scorpio trying to stave off bankruptcy for awhile longer

>>19043623
oh wow. thanks for the breakdown. uh... fugg. shit just got even more real, didn't it?

>>19043695
go for glory lil' nigga

Tankerturd barely avoids delisting by nasdaq

https://markets.businessinsider.com/news/stocks/pyxis-tankers-regains-compliance-with-nasdaq-s-minimum-closing-bid-price-rule-1029187742

>>19043439
I'm mostly in June-Nov options. The only way i'd sell at this point is if the market seriously tanks again; which given QE unlimited seems unlikely.

Can anyone get behind the paywall to find out what JP Morgan's cost basis was for their 19m$ purchase of FRO shares?

this is very important information

https://www.marinelink.com/news/crude-oil-tanker-earnings-drop-nine-days-478226


Lower earnings is bullish?

>>19043356
On sale? Or bought up? Weird, didn't someone buy them all up like a few days ago if I recall?

>>19043490
Considering the jumping in today, fully possible. Which might also mean the oil fiasco is going to go belly up potentially. I am so excited! Please be it!

>>19043623
Very based breakdown, thank you anon. I am still an options dumbass mostly.

>>19042845
HOLD ON SEACAT

>>19043860
they all disappeared midday Friday and midday today about 1,500 $14 6/19 popped up and there's been some volume although not much

>>19042845
HOLD ON SEA CAT

>>19043860
the only put volume for 6/19 is for the $6

>>19043903
>>19043920
Well then. That is a good sign in my ignorant view. No one wants to lose money writing calls, so bought up and not selling or some players hoarding them all. And only writing puts they know won't probably work.

>>19043833

tankerchads. we need to know what price JPM paid for FRO shares so we know whether to DCA down to that level or not. they're going to make money, we should align with JPM

kek at all the baggy cope. How's that contango doing?

So, are you guys just gonna keep posting completely useless information or what's the deal with these threads now?

>>19044126
If you filter brandon the threads go back to being comfy. Tankers are expected to crab for awhile, we'll know what's going on by the 19-20th.

>>19044126
Posting big dick investments in our stocks is useless? What info are you looking for?

Remember, kind anons, to filter XRgDbYyK and aCkjdzaq (it's the same guy). Remain comfy at all times.

Settings>Filters>Edit>Add ID>Check 'hide'>Save

Just a heads up for newfags, never get emotionally attached to any stock or class of stock. Note how most posters here have 20 percent losses and brag about holding it to zero, never become like that or your ngmi

>>19044088
I mean, the low of FRO today is 7.41 and right now it is 7.48....and they bought it today. Their entire position was opened today. So why does 7 cents matter at worst case scenario?

>>19044158
I like comfy Brandon filtering.

>>19044126
Big dick institutions are opening up positions. Oil futures time is running out. Our time is coming.

>>19044207
I bought more FRO earlier.

So what are we realistically expecting in returns? The same pps as a month ago? Double that?

>>19044193
Never fucking selling this shit. I'm going to make a 10,000x ROI and buy Brandon's mom.

>>19044170
Something other than half the posters saying tanker stonks are going down and the other half saying they're gonna go up with not much evidence presented on either side.

>we'll know what's going on by the 19-20th
Is that when the last big company posts earnings or something? Only holding about $500 worth in tankers right now I think. Made money a few weeks ago and then cooled it a bit on buying.

>>19044255
I can't give figures, but somebody here can probably provide estimates. What we do know is that the tanker industry is absolutely crushing their earnings. So I figure collecting divvies and holding until q2/q3 will pay off pretty well. There could be better investments opportunity cost wise, but this ivestment seems very reliable. Vlcc and pr2 holding rates are solid.

>>19044255
Depends on when you bought and how much you've managed to DCA - better question might be price targets.

>>19044255
Don't expect any concrete number. Just expect "up" and laugh maniacally as they soar through the roof and oil goes -100 and more oil companies go bankrupt. Chesapeake energy went bankrupt today, and more will follow. But tankers will still be carrying oil. And then when the oil supply starts getting eaten into at the now estimates of MAYBE next year.....tankers will scrap a lot of their old ships and keep tanker supply low and preserve rates since many of them are due for scrapping anyways (time regulation stuff). They will be making profit for quite a while, but pay attention to trends to know when you might be at the peak to sell some or all.

>>19042786
But why tankers?

>>19044239
Very based and tankerpilled. Well done, you are now officially as smart as JP Morgan.

>>19044298
The 19th is based on an important oil report I believe. Earning reports for the big companies are still going into late May and early june. The market has been being played with so it's no surprise the past two weeks have been a dive but this week big dick money has been coming in in droves. I'm more in line of waiting into June or possibly later.

>>19044347
Tankers are being paid a serious amount a day (some 6 figures) just to hold onto the oil so they are making quarters worth of revenue in just a month or two.

>>19044324
Posts like this get my imagination going

>>19044383
>Earning reports for the big companies are still going into late May and early june.

So we think normie money is going to pour back into tankers again or what exactly?

>>19044428
Yes, once the big dick corps allow the success to be more public and stopping the false hope on oil rising.

>>19044298
>>19044383
Oil contracts roll over
This is the day oil will go negative again
In case you don't believe, look at the 3 month view of SCO
Those green dildos are contract rollover dates
This, however, will be the first from oil storage being literally at capacity world wide

>>19044207

arent these reports usually delayed though? like by the time they report it to the SEC, it's already been like a couple weeks

>>19044255
Short term I'm thinking 2-4x, but that's between now and august. Could be much more depending on market behavior. Someone really doesn't want tanker stocks to move, to the point where some analyst at Douche Bank told EURN to go private, since if the markets weren't rewarding them they might as well reward themselves.
>>19044383
19th-21 will tell us if this whole play was a good idea or not, or if the markets are so bogged that even solid fundamentals mean squat at this point. EURN $1.1/share dividends and stock goes down, only in clown market.

>>19044512
No you can watch the futures rollover in real time

>brandon starts shilling our threads claiming we're all going to 50% losses
>continues at weaponized autism levels for days
>tries to shake out weak hands
>anons create pasta stating they'll NEVER sell without a profit, just bought more faggot
>captain goes down with the ship, niggerbrandon
>HOLD ON SEACAT

>a few days later JPM buys 19m$ worth of FRO along with other big dick monies buying other tankers

cohencidence?
the tides are turning lads, ships ahoy

>anime money beats the clown market
>welcome to 2020

>>19044626
I find it funny his shitposing has slowed down after the big dick investments. We can return to comfy

https://finance.yahoo.com/news/options-traders-betting-big-move-124312805.html

What the shit.

Are they bettting on a sell off

>>19044626
sauce.

A quick 90-day look at the big-money weighted tankerchad index. Seems to be finding support today, but the overall trend is down. We will see, but it looks like the current sell momentum will continue until Friday.
.
Might have to redo the index because JP Morgan, CitiGroup, Thompson Siegel, and others are buying FRO, TNP, INSW, and EURN. Russell Investment Grp took a $9 million bet on ASC (and it dropped 10% next day, kek).

>>19044737
close as neighbors. block off an hour of your time cuz the shits like 250 pages long. and i dont even think it has an ending

does any1 know if Close as Neighbors had an actual ending?

>>19044712
All i know is that daddy hedgies, JPM, and C threw down on tankers, and that no one wants crude and few are willing or able to cut crude pumping enough to unfuck the storage situation.

This week is the final shakedown.
HODL FOR GLORY

>>19044512
If the recent influx of positions has been a couple of weeks, tankers have fallen for a couple of weeks. That would mean they are prepared to buy more and is even more bullish.

However, I do not know this, the other anon who links this site probably does though.

>>19044618
Or, we can get this now. Nice. Very very nice!

>>19044626
Big dick clown money market stands no chance. Our autism is greater.

>>19044775
It is so weird to think it keeps dropping the more doubling down it goes. Now that big daddy JP Morgan dipped its dick in (they had no positions before) we have to go up soon.

Just bought some FRO and OSG

>>19044925
Based

i wonder if they're going to bleed oil to try to catch a few more fish along the way or if they'll just throw it off a cliff

>>19045315
Do you mean after the futures roll knocks it down to zero again?

>>19044925
Based

>>19045304
Based

>>19045315
Honestly? I hope they throw it off a cliff. Nothing like mass panic and confusion to sneak in buying opportunities and run tanker prices up before anyone can react. Then on May 15th have an up day for oil a bit, restore some confidence.

before throwing it into the abyss of hell itself on May 18/19th as rollovers start to hit.

>>19045387
no i mean on the way
last month it started bleeding first

>>19045315
I hope oil crashes because I am selling out of all my oil investments to buy the superdip

>>19045304
Damn FRO leading the pack down 3%

Another day another loss I hereby declare losing winni g. Y'all all winners under the new rules

>>19045451
it's definitely crashing the only question is how dramatic it will be

there is some EXTREMELY aggressive UCO put action going on

people are actually buying $2 5/29 UCO puts

>>19045451
>>19045478
I hope it dips I sold to early on the initial OPEC oil pump and now have been left in the lurch with the loss of a lot of unrealized gains. Do we actually think its going to crash like in march or we are never seeing those lows?

>>19045548
Was UCO the one with Brent exposure?

>>19045548
Shit.

Never sell guise let the losses compound

>>19045602
the situation is worse now in several ways

>>19045548
API oil inventory report later today

>>19045633
UCO is WTI

>>19045548
Lmao my brokerage doesn’t even offer $2 puts

>>19045658
I'd hope so but knowing how irrational the market is that oil is going to pump plus everyone is buying into the notion that OPEC is actually going to honor their cuts.

Also do you think natural gas is safe if oil crashes again?

Closing at the lows with 3% losses all around

>>19045548
>Everyone betting oil plummeting
>tankers skyrocketing down now too as markets close

Okay, but why.

>>19045846
everything is tanking right now
dragon dildos everywhere

>>19045846
even my trusty NAIL is losing its shit

>>19045884
my BRK/B and FB are holding up, only down -.50%

sorry tankerbros, i had to get some blue chips just in case this tanker thing doesnt play out

Whats going to happen to my June and October DHT calls?

>>19045938
i held on to NAIL and used it to fund more DHT calls

>>19045884
my portfolio is up 1k

>>19045846
When companies file for bankruptcy the common shares go to zero

>>19045981
you're gonna be rich

Don't lose faith y'all good investments always lose 50% before the lose the other 50%

With tankers losing is winning!

>>19046015
post it

does any1 know if brandon is still posting? i filtered him

>>19045884
It really did, everything went bye bye. Wtf happened. Also, how come these assholes always blanket sell everything at once it is really dumb to always be indiscriminate.

Made for a "eh, okay losses" to an "aww, fuck, losses" day.

https://www.msn.com/en-us/finance/markets/oil-tanker-rates-crash-as-opec-2b-cuts-near/ar-BB13tbqf

They never listen

>>19046096
he's still got hope in his tanker puts

>>19046135
it's fucking algos
computers triggering computers
shit should be illegal

>>19045981
They will expire worthless but you can still buy more

>>19045822
Yes that makes natural gas extremely appealing

>>19046015
This fag clearly ain't a tankerbro

>>19046247
could be in UCO puts. it slipped pretty hard today

>>19046088

I just started last month so dont judge me to hard.

I have 4 8$ calls of DHT expiring on the 15th I dont know what to do about those

>>19046388
Nothing you can do, they're worthless.
t. fellow bagholder

Closing bell. Let's get into some meme lines.

Starting with XTN (transportation sector). Today it closed below its support line. Recent bulls were way weaker. Momentum is in the downward phase. Continuing down could confirm this a bearish wedge off the March crash - meaning
>transportation sector is bearish
>demand for oil will further decrease

Looking good so far.

>>19046171
Agreed. I don't know why they aren't illegal honestly, it is super bullshit. Not only that, but we unironically might collapse the whole economy if the algos fuck up and go haywire during another massive sell-off. It is dishonest and ruins investment and ruins price discovery.

What I am kind of most pissed about though is that tankers aren't doing buybacks right now. They got the money, this is clearly unjustified. Just do buybacks ffs and show yourselves to the market "hey, look! Pay attention to us!"

Normally I don't like buybacks, but this is basically like the one kind of scenario they were meant to be used for.

>>19046404
:(

It was my first big mistake and it was from one of these threads lol. This is my first time back in these threads

I get what I deserve. But they expire worthless right I wont be forced to do anything


I think my june calls for DHT 8$ are fine. Tanker Contango way above my ability to speculate

>>19046449
yeah you won't be forced to do anything, they just go away
the 5/15 calls were always pretty aggressive
june calls are where it's at

Stock market goes up tankturds go down
Stock market goes down tankturds got down even more

Win win

>>19046479
Debating if I should make more june or october..

maybe late q4

I want my mistake to pay for itself. lol It was only 4 calls

>>19046449
This is self hating biztards you are supposed to do the opposite of them if you want profits

https://seekingalpha.com/article/4346764-opportunities-in-tankers-interview-calvin-froedge

Worth a read, kind anons.

>>19046431
>Just do buybacks ffs and show yourselves to the market "hey, look! Pay attention to us!"
>Normally I don't like buybacks, but this is basically like the one kind of scenario they were meant to be used for.
I thought the same reading the EURN info. I don't know the space, but it was my kneejerk reaction. If the share prices are so low, go ahead and buy them.

>>19046425
How about oil / energy XLE.

Bullish wedge here, not below support but also in a selling phase now. Lagging XTN by a few days. Investors are still textbook bullish for oil US companies. If you are watching oil in a vacuum, you would be too: Exxon found new goo off Guyana and are EXPANDING all production operations. Most of the small caps are too.

DHT working on finishing a 5 year cup and handle. Gonna be big.

>>19046674
Awesome article. Thanks, m8. Kinda regret going with nna over insw or dssi but I'm hoping each will be strong. I'm in 7 tanker companies now so I don't think I can spread to more.

>>19046769
wow. is that realistic on a 5y timeframe though? lol

>>19046769
I've been holding these bags so long and actually bought 50 shares of DHT at the top. Please let me bust the nut.

>>19046674
>One year Frontline (FRO) paid out double its share price in dividends
Oh no the dog dick poster said divvy is bad
Divvy twice the share price must be very very bad

Right?

If the big boys keep selling they're going to start losing money. They have to buy back soon. Be prepared for a fucking vicious upswing this weekend, every time oil contracts roll over that specific weekend we gap up. HARD. Fuck the options, load up on shares. I'm going 500 shares into STNG, there's whispers of share buy back and they're trading the lowest compared to NAV. Then buy ATM puts in July for insurance on your shares.

>HOLD ME /TSG/CHADS

Bought 75 shares of STNG at 17.2 , how did I do tankerbros?

>>19046772
Nevermind i guess mintzmeyer is i long for nna, insw, dssi, and stng. So I guess nna might not be bad. Still don't have dssi and insw. Anybody think I need to move from any of the following to switch to dssi or insw?
>nna (mintzmeyer)
>eurn (solid company and divvies)
>stng (calz/mintz)
>fro (big dick money approved)
>tnp (calvin)
>dht (anon approve)
>tk (calvin has tnk I believe)
It seems to be they are are solid but just wanted to see if anybody thinks some choices are better

give it to me straight, lads

>>19047080
I would talk to her, and kidnap her

>API
Crude +7.6mm (+4.3mm exp)
Cushing -2.216mm (-1.00mm exp)
Gasoline -1.911mm
Distillates +4.712mm

>>19046772
Rising tide raises all ships anon, not to worry. 7 is a lot, i'm finding getting to know/keeping fully abreast of my 3 is hard enough! Sure to be some winners in there though.

>>19046926
lmao

>>19047196
J-Just bee urself?

>>19047085
I pretty much have the exact same portfolio.
Just has a little more weight towards the ones I'm most confident will do well:

5% NNA
25% EURN
40% STNG
10% FRO
10% DHT
10% TNK

TNP 5c 6/19

and some other bullshit.

Bought 100 shares of DHT, FRO, SALT, TK, and NAT

>>19047027
They have to, like for real this is ridiculous. I too bought more today, I deposited a bit of money I had lying around and went balls deep into margin doubling down today during this downturn. I got my hands now on 500 FRO, 500 DHT, 250 EURN, 100 STNG, and 100 TNP. 6.3k value account, 5k into margin, got like 2k+ cushion for margin requirement right now so I should be fine if it keeps dipping.

Am I going to fucking make it? I couldn't help myself, when i saw STNG below 17 dollars, even though I had enough margin risk already....I just had to pick that up, that was bullshit. I been on this ride since 7.9k and been doubling down since every down day, even doubling down into margin. I only got 1.5k more I COULD deposit to cover my ass, I need to get rich bro, JP Morgan help me.

>>19047085
You are doing very fine anon, very nice.

I saw people posting this before. Is this a meme¿ any oil big heads can comment¿

>>19047400
I am like 70% sure this is how STNG is going to play out since I have a little bit of history with product tankers:

The EIA report is going to come out tomorrow and we'll drop another 5% overall on the sector (unless buyback?). Then on Thursday and Friday we'll run up ~7% green and gap up HUGE on Monday (13%?). This has already happened 2 times (April & March). Sell your STNG shares next Friday, if you hold past 5/25 you're going to get fucked. Every time we see big dumps right after the futures roll over. If you're feeling big dickish, PLEASE PLEASE PLEASE buy slightly OTM put insurance for July/June.

that is all.

All my investments bleeding anally.
Tankers actually not losing that much. SCO rocketing.
Feels like the tide is about to come in.

>>19047400
You're gonna make it. Wish I had more ammo to DCA.

>>19047552
>best case scenario is +20% after dropping 45%
>not even breaking even

300 shares DHT at an avg of 7.90
170 shares EURN at an avg of 11.47
50 shares of STNG at an avg of 23.53.

End me...

>>19042786
are these tankers like bitcoin?

>>19047669
No worries friend. Long term price expectations (analyst Jeffries) for STNG is $55, I was just suggesting he pull out soon because he is on margin and I don't want him to rack up fees. Just look at Dec 2019, if you wait until Q4 we'll probably see STNG at 55. For DHT and EURN that's tough, you bought in at a garbage time. Again, long term I feel like these companies are profitable and the divvies could save you from losing all your money. Let's hope we see oil go negative again :)

TLDR: don't worry about it.

>>19047365
STNG not salt for tankers. Salt are their bulkers, friend.

>>19047669
>>19047751

>mfw my break even on FRO is 10.5

>>19047824
>>19047669

>there are people in this thread worse than this >>19047196

>>19047824
Maybe they will have a ten for 1 reverse split so it can get back to $10

>>19047759
>STNG not salt for tankers. Salt are their bulkers, friend.

i bet that SALT stock outperforms us too, watch.

>>19047912
Most tankertards are down 50%, but they haven't lost much money because they lose 50% or more on everything

>>19042845
HOLD ON SEA CAT

What do we do if Brandon was right the whole time and we didn't heed the warning? Is there any redemption from that or are we just not going to think about it?

>>19047552
I pray hard for buybacks, this is truly needed. If we buy back huge, I may think about selling. It really depends on how far ahead I get, I might sell half, put that money into OTM puts like you said (I think this is a great idea), or if it is doing that well perhaps maybe just let it ride? I can't put without selling really anymore, so it would have to be soon to decide that. Lack of funds. But I will heed this advice the best I can long time tankerchad-sama. If STNG could go to 30 by a miracle during the runup soon I could make an enormous dent against my margin, I would love that.

>>19047595
Yay! Because god knows all I am worth and then all I am worth x2 is in on this, I hate being a poorfag. market gods, please answer my prayers and let my poorfaggotry end.

>>19047669
>>19047824
You poor souls, I wish the best for you. We can make it, don't worry! I am thankful I actually did DCA down, I break even basically if everything goes up on average a dollar. I just need a dollar, 1 dollar up. I had a small position in tankers very early at the start of April, but very small so I feel extra bullish with all these doubling down. but come on....1 dollar please.

>>19047751
What about FRO DHT and EURN?

>>19048573
Kind of wish I had bought STNG right now but there was a dude here talking about how disappointed he was bagholding STNG for years and I backed off.
Glad things will work out for him though.

>>19042845
Hold on sea cat

>>19048317
>NAT the only hold

I am so glad I swapped to EURN. But still, holy fuck everything is BUY BUY BUY.

GO UP ALREADY.

>>19048573
Very nice.

>>19048317
thats outdated

>>19048764
frig, what date

>>19048573
Here we go tanker-lads this is where it starts

>>19048764
I don't think so. $TNP was moved up to $5.50 less than a week ago.

>>19048317
can we please confirm the fucking date on this? this is huge

I'm signing off for tonight, leaving you with this lovely piano piece to get comfy to:

https://www.youtube.com/watch?v=GAIZxaToV2A

Next few days may be rough kind anons, hang tight.

>>19049003
>>19048764

it looks about a week or 2 old judging by the TNK and FRO current prices

>>19049264
pfff, I thought you retards were saying the next few days is when we make money

>>19049264
Comfy. Good night anon, let's hope for a better tomorrow. Together.

>>19047824
Dude. DCA
I had FRO at the same has you.
10 shares at 10.5
Now I have 60 at 8.6.
With the fluctuations on these stocks you can buy and sell them and simply swing trade with part of the stocks you already own.

AHOY MATIES,

TOMORROW IS OUR DAY. CUSHING IS FULL. BARRELS ARE GOING TO SPR AND EXPORTS.

LIFT OFF TOMORROW. I WILL BE BUYING MY YACHT IN PINK TOO MATCH MY STRIPPERS THONG.

BUYING WHAT THIS GUY SAYS WITH MY WHOLE TAX RETURN

>>19050565


oops

pic related

>>19050549
STNG up 4.13% in aftermarket...

>*Scorpio Tankers Reports Scorpio Services Buys 100K Shares In Co. At $17.36/Share

Is this considered a buyback? Not familiar with Scorpio structure. Assuming its like Teekay or Navios.

All this talk about institutions. Couldn't their positions be a hedge against oil? What's to say they're earnestly investing?

>>19050607
Ya, ssh is another company in their structure.

>>19050764
If that were the case, you would not see them buy puts against their longs, they'd use their oil position as the hedge against tankers or vice versa. Also tankers are not inversely correlated with oil, so they'd be a really fucking poor hedge against oil.

>>19050549
Cushing is full? Like...full full, not just old articles estimate to be full? is it? Is it?!

>>19050607
I like that! Yay. Also I liked your charts earlier, good comprehensive look and paints a bullish picture for our tankers.

>>19050607
Correct, that is a buyback. There will be more soon, but their institutional investors want to make sure their dividend is safe along with deleverage.

I swear if I wake up tomorrow and Trump tweeted about how steps are being taken to store oil in Jamba Juice cups and tankers plunge as a result I'm going to lose my mind

>>19051020
Prepare your butthole. I don't expect anything positive til next week.

>>19049889
Anon, that's *AFTER* I DCAed
I'm out of cash now.

>>19051049
Bro, chill. Just wait, this was a long play to begin with. They're not losses until you sell.

>>19051407
I'm not selling. I doubled down and fomo'ed after the cramer pump because I thought they'd keep going up given the great fundamentals

>>19051476
This shit is just straight up obviously being manipulated by big finance jews. We make money when the jews decide it's time for them to make money or when they can no longer ignore reality. It's just a matter of time.

>>19051502
reaching levels of comfy that shouldn't be possible

>>19051476
Ditto, had shares before Cramer, bought more after because I believed the fundamentals were there. Little did I know that people don't like companies that have 3+ quarters of locked in business that will yield them 4-5 years of revenue.

Came across this.
Longer voyages = Longer Hiring Periods.

I'm pretty sure my tankers calls are fucked. Most of my calls are 5/15 and aren't worth much so I'm holding through. But this, Scorpion buyback, and JP Morgan going in is giving me a glimmer of hope.

Going to change the fleet copy pasta. The other will get out of hand. Here's the new format. Total dwt per company may be added later, but I care more about getting more companies in for now. The specific ships are important for rates, but I just want this to help people picking a company.
:::::FLEET COUNTS:::::
>DHT
Total Fleet: 27
Focus: Crude Oil
>Eurn
Total Fleet: 75
Types: Crude oil, offshore
>fro
Total: Fleet 69
Types: Crude Oil
>nna
Total: 46
Types: Crude Oil, Product (Petro), Chemical
>stng
Total: 138
Type: Product
>tk (includes tnk, tgp, too)
Total: 130
Type: Crude Oil, Product, Natural gas, offshore
>tnp
Total: 58
Type: Crude Oil, Product, Natural gas, offshore

>>19051600
Not just that but some spaniards (Cobas Asset Management) just bought 3 million shares of INSW. They now own about 10%.

>>19051662
Not really sure why you're doing this anon.

>>19051573
JP Morgan selling 25% of their shares ;/

>>19051874
fuck jpm, smart money (rentech) is more important

>>19051825
Never saw this chart. My bad.

>>19051874
Sauce?

>>19051980
see: >>19051573

>>19051992
Kek. Read right over it.

>>19051874
Not sure how old that is.
Today, 12-May, JP Morgan bought 2,038,569 shares of FRO

https://fintel.io/so/us/fro

>>19052161
Actually, it is even better/worse. Today their 2 million shares was a NEW position. Sometime since the graphic >>19051573 posted and now, JP Morgon sold ALL their shares in FRO.

And today, they decided it was time to buy back in. I sort of like that even better since it insinuates they were playing the game of driving the price down but now figured "it's time to get back in for the ride." It's even more comfy.

>>19052326
Could explain why Brandon has gone radio silent.

He's back to scrubbing toilets.

>>19052368
He stopped once the big dick money came in. Only a few sporadic posts after that.

>>19052368
Imagine that wage negotiation
>Why do you think you deserve more money when you couldn't even shake off a bunch of weeb footfags?

>>19052368
imagine if he put all the time and effort he did trying to shake us out by buying tanker stocks instead of puts. He wouldn't need his JP Morgan toilet scrubbing job anymore.

>>19052423
He probably is crying himself to sleep tonight because no matter how many hours and how much effort he puts in there just isn't any stopping us.

Guh when are they going to pump dht....

>>19042786
redpill me on EURN, how much to make it

>>19052368
If we get clapped by the market it's on us. Pretty hard to ignore solid fundamentals and companies making their entire market cap in 1Q, stocks have gone crazy over less
Maybe no glamour in shipping / tankers but it makes the world go round.

>>19052870
It will 2 or 3x . Will probably stay high for a few quarters

>>19052974
>for a few quarters
so only diamond hands need apply to EURN?

STNG BUYBACKS
STNG BUYBACKS
MONACO, May 12, 2020 (GLOBE NEWSWIRE) -- Scorpio Tankers, Inc. (NYSE: STNG) (the “Company”) announced today that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 100,000 common shares of the Company at an average price of $17.36 per share in the open market. The Company currently has 58,672,080 common shares outstanding, of which the Scorpio Group of companies, including SSH, owns 2,657,839 or 4.5%.

THE FLOOR IS IN FOR STNG

>>19052974
If DHT 3Xs I'm going to be rich.

>>19053028
it wont

>>19053035
Can't get a straight answer on what to expect from them. Heard anything from 8-40

Should i just ignore my credit score as i accumulate tanker stocks with my wagie allowance?

>>19053056
83x

>>19053056
Think of 8 as the ceiling, 6.50 to 7 is probably what you can expect in the next year.

>>19053117
21 and living with parents. $800 paycheck all in EURN. based or acidic?

>>19042786
Jerome Powell is going to fuck things up tomorrow. Oil will fluctuate like you've never seen.

>>19053136
I KNEW IT
I'll buy 4channel

>>19053156
So you think it'll crab lol

>>19053022
>tumblr
I always knew there was something off with tankertards, you have to go back

>>19053156
Wouldn't even surprise me at this point desu. I'm numb to the whole thing after the earnings call

>>19053186
Don't think of it as crabbing. $7 for DHT is a phenomenal price that has rarely been reached over the last 5 years. (it spent most of the last 5 years crabbing between $4 and $5) $8 While unlikely is certainly possible on the outside chance.

>>19053035
Never underestimate the irrationality of the market. $40 DHT would be fun to think about, $10-15 is a lot more realistic imo. I'm basing that on the entire sector getting inflated + fed pumping rising everything tho.

>>19053193
shut up nigger i found that pic years ago, i'm not gonna re-name some random fucking image i use. I've been here since 07

>>19053156
Why would you just believe the first thing you see on google, anon?

>>19053239
I didn't google anything, it was my own personal interpretation of the situation.

>>19053239
That must be pretty old because they're a 70% buy now.

>>19053255
I can see 7 or 8 dollars being the new price floor but there is going to be some volatility and pumping in the next few weeks

>>19053239
None of the shit I was able to find was talking about tanker pumping at all so it's probably just anyone's guess at this point.

>>19053286
>the new price floor
share prices haven't shown stability in the 7 to 8 dollar range since 2015, expecting that to all of a sudden become a floor stinks of wishful thinking

>>19042922

How hard can you get before you die from it?

https://oilprice.com/Energy/Crude-Oil/BP-Boss-We-May-Have-Already-Hit-Peak-Oil-Demand.amp.html

I don't believe it, but this is what the normies will be reading in the morning.

I originally skipped this one thinking it was a duplicate. Just a duplicate opinion at the same time...

https://oilprice.com/Energy/Crude-Oil/Has-Demand-For-Oil-Already-Peaked.amp.html

>>19053484
Production will just be downscaled in that case, its not necessarily going to create more glut.

EVERYBODY IS CHEATING

https://www.google.com/amp/s/www.mrt.com/business/oil/amp/Shale-Drillers-Are-Already-Reopening-Oil-Wells-15264356.php

Another casually mentioning full storage

https://www.google.com/amp/s/amp.baka.com.au/business/markets/optimism-returns-to-the-oil-market-but-the-worst-isn-t-over-20200513-p54sig.html

Shits getting real

https://oilprice.com/Latest-Energy-News/World-News/Oil-Inventories-Soar-Yet-Again-Despite-Demand-Rebound.html

>Today’s inventory build was expected to be just 4.147 million barrels--less than half of the weekly inventory builds we’ve seen over the past few weeks, according to API data. The figures were, however, nearly double those expectations.

Someone is going to have to build land based storage at some point...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/051220-us-eia-slashes-2020-oil-demand-outlook-by-3-mil-bd-to-82-mil-bd-contraction

>>19042845
HOLD ON SEA CAT

https://www.investing.com/news/stock-market-news/saudi-arabia-deepens-oil-output-cuts-in-effort-to-prop-up-market-2167904

>>19053648
Mixed feelings about this. Great for our tankers play. We'll all make lots of money. Messy geopolitics because US shale will need a bailout and Saudi goes "look at me, I am the oil king now"
>>19053713
> If Riyadh makes good on its pledge
lol

>>19053713
Next month

How does that help next WEEK when storage is more full than it was a month ago and sent oil negative?

>>19053484
>>19053526
>>19053572
>>19053618
>>19053648
Good god. It's all over for oil. We might get rich off this, but the country will be ruined forever.

Excellent.

when a stock has divis does it matter how high or low the price goes? obviously if the business isnt doing well they may adjust but aside from that what’s there to look for. and with stocks that dont have divis, are you just hoping they do eventually or using them like shitcoins to cash out once high enough for you

>>19042845
Hold on sea cat

>>19053789
Fuck these shitburger Americans, I want to make a shit ton of money and move to Italy where I can fuck sassy spaghetti women.

For real though, it really is over for oil. We're going to see a massive rebalancing soon or the market's going to fuck itself.

>CAPITALISM BABY!

Come on, DHT. Do this one thing for me...

>>19054021
rip anon

In case anybody thinks that algorithims should still be legal, here is a picture about why you're a retard.

Let's fucking hope oil tanks the next few days.

Orange line is June WTI futures.

>>19054077
I'll take you and Brandon out for dinner if they print.

>>19054080
great, we can go short on oil with less risk by going in on STNG

What are you guys going to do with your tanker millions?

>>19054267
Take Brandon out for dinner.

>>19054278
Applebees, over a million it’s Red Lobster. We’ll get him a Disney cruise and all is forgiven.

>>19054312
if I go over 100% on my money, if he posts a gofund me I'll unironically throw some down to send him on a Disney cruise.
A written statement from Goldman or JPM saying that he was hired to post on 4chan will be good enough for me.

>>19054363
I'll chip in 1k if my bet is successful. I honestly feel sorry for the guy, even if he's right it's obvious that he's mentally distressed.

>>19054363
I’ll also throw in a k or two if things work out. Even for 4ch it was just sad. No one should need to shitpost like that for a living.

WHY DID I FALL FOR THE TANKER SCAM

>>19054363
If I get over 100% I will tattoo a boat anchor or a tanker on my body somewhere

What does this mean?
Did they fix it at 110k for 66% or is it just an estimation?

>>19054890
They fixed it VLCCs at 110k for 66% of vessels for like 30 day time charters. That's not forward looking, it's a fact.

>>19054939
isnt a quarter 91 days?

>>19054939
priced in

>>19054947
I think they meant those earnings will be chalked up to Q2. I'm not sure if all the TCEs last into Q2, but I know a few are locked in at least 90 days for 110k. I think can look it up yourself on VLCC Fixtures.

>>19042845
HOLD ON SEA CAT

>>19042845
HOLD ON SEA CAT
For all of us

>>19043097
>>19043219
>>19043892
>>19043906
>>19048055
>>19048723
>>19053662
>>19053936
>>19055174
>>19055204
gmi

Christ, these threads move fast

>>19049217
>>19048764
>>19049003
>>19048317

Back to dataposting after upgrading my computer. Feels good to be back. This is the most recent report from 3 days ago. J mintz seems to have deleted his tweet of it.

>>19056723
I post and apart from the chap below, the thread grinds to a halt.
Sorry guys :(

I like how often I post images and they get used in this and /smg/ afterwards. But I am happy to get my shit sleep now for 3 hours, up a good bit pre-market. yay. We might have a good day.

>>19057556
Me again.
Who do you guys recommend to follow on twatter?

FRO says 20.75% divvies
that seems like a lot right?
What does that end up being per share

This article is a good read. Last paragraph was unexpectedly bullish for us.

https://www.forbes.com/sites/michaellynch/2020/05/05/some-clarity-on-oil-storage-capacity-estimates/

https://www.seatrade-maritime.com/opinions-analysis/tankers-and-floating-storage-more-meets-eye

>Brennan said, continuing his response to the earlier question: “Any big impact from those longer-term storage plays is yet to be seen.”

>Though the future is uncertain, both presenters noted in their remarks that floating storage is likely to increase- with Broekhuizen pointing out that many of the vessels fixed for storage during the previous months’ fixing flurry had not yet loaded up, or were still enroute to destinations.

These threads have been raging these last three nights.
Today, they appear to have died.
Why?

>>19058946
Brandon is kill.

or sleeping

Anyway. It's the calm before the storm.

do you think oil is going to crash next week due to wti oil june contract expiration date?

>>19058994
Some people believe it could happen on Friday, but Monday-Tuesday is the projected timeframe.

>>19051049
Trade the stock you own then.
example.
Fro got to 7.70 sell some, drops to 7.60, buy again.

I was also out of money when my break even was at 9.90, and thought the moves go it to 8.6.

Watch the MACD and RSI indicators, move part of the stock as swing trade. Just don't lose the position entirely.

>>19058946
You are running out of suckers who want to lose 5 or 10% everyday

https://seekingalpha.com/article/4346071-tanker-stock-correlation-to-reported-charter-rates?mod=mw_quote_news

>>19058994
this >>19059052

Friday cause some calls expire.
18/19 is the contract rollover.
Also, protect your OTHER stocks.
They will take a dump similar to the one of 21st of April.

>>19059113
I was reading that earlier on but not really sure what to make of it.
He's using a timeframe that we can all clearly see is being manipulated.
No factors are going to explain companies crushing earnings and issuing sky high guidance and the stock immediately tanking.

>>19059052
so you think it WILL happen just not sure WHEN?

>>19059279
it can't not happen
storage is full
demand is through the floor
builds are larger than anticipated (hoped)

>>19059108
Brandon is not kill

>>19059327
yeah i guess even intern shills need sleep

newfag here, how do i buy oil options/futures? all the explanations on google are shite

>>19059507
https://join.robinhood.com/andrewh9131
sign up there
they pretty much walk you through everything
super easy to make/lose a fortune

>>19059552
those are stocks, im talking options/futures whatever

>>19059695
Rh has options

How do Ausfags invest in tankers?

>>19059886
Ausfag here - new to it, still researching / learning

>>19059886
Long story short just burn your money or flush it down the toilet

>>19059987
pls respond in thread if u find out, with Commsec's international trading you lose almost 1% of your trade by the time its currency converted and executed

>>19059987
>>19060584
Can australian not use fidelity? Or is it restricted if you can? Sorry I'm an idiot.

OH NO OH NO OH NO

>>19060584
>>19059987
>>19059886
Open Tastyworks ya bogans

>>19057807
1.40 a year, semi annual payout....

I could be wrong, but I believe you would of had to have held the stock prior to the last quarter. **Not 100% certain of that though.

>>19060671
that brings me back to a question i was asking a week or two ago
WHO THE HELL -IS- BUYING WTI FRONT MONTH CONTRACTS

I can literally see the market fighting back like some wounded beast.

here we go tankies!!

New
>>19060828
>>19060828
>>19060828