/biz/ - Business & Finance

great
gotta restart my brandon filter
HERE WE GO BOYS
THE FINAL SHAKEOUT HAS BEGUN
DIAMOND HANDS ARE NOT ENOUGH
FROM HERE ON OUT THE ONLY HANDS ALLOWED ARE
COLD
DEAD
HANDS

Circling in the drain
Circling in the drain
We are all rejoicing
Tankers circling in the drain

WHAT THE FUCK

>>19060828
We can eat the oil
Kek, at this rate maybe that is all we can do. Overall positive so far today, bit mixed between all tankers. Let's hope!

>>19060868
>hold to zero
no thanks i sold at pre market, i’ve had enough of this shitty sector, im moving my cash to a sector that has a chance for growth

>>19060947
lock in your losses, bro
THIS SHIT IS GOING DOWN

>>19060868
Never become emotionally attached to a stock retard

>>19060925
Honestly the floor is probably around $5

UCO PUTS ARE UP 300% SINCE YESTERDAY
FUCKING HODL

>>19060983
You’re not looking at the one that affects tankers. WTI is holding strong and will only continue to inflict pain on storage companies yet isn’t strong enough to positively impact transportation.

>>19061047
sure thing, dude

We place our trust in the skis of gylfi
Through ymir's blood they go

The whales land is an dangerous path
With the great wolf's fish our foe

Ugly, hooked nosed sons of fornjotr shall try to stop us
But the flow of whale wine must go on

Njord's breath will guide us to red embers of the harbour
And with our sea swords our wave horse shall keep on

FRO & EURN survived the ritual opening dump. Did it they find support?

>>19060983
>>19061043
>>19061082
You....are aware tankers do better when oil drops, right? That this is good, right?

>>19060828
God damn.
Frobro here.
Someone go through the logic of why this will boom again?
Rates have plummeted back to 50k.
All reserves are pretty full worldwide.
Let's use Europe as an example.
Gonna spout some random numbers.

Normal situation:
Production 3 million barrels per day
Consumption 10 million barrels per day
Import 7 million barrels per day
Storage: Stays flat at 200 million barrels

COVID situation:
Production 3 million barrels per day
Consumption 5 million barrels per day
Import 5 million barrels per day
Storage: Increases by 3 million barrels per day to 400 million barrels.

Post-COVID situation:
Production 3 million barrels per day
Consumption 9 million barrels per day
Import 5 million barrels per day
Storage: Decreases by 1 million barrels per day to 200 million barrels over a 200 day period.

So why wouldn't demand for tankers not crater?
We're looking at a future decrease of 1 VLCC tanker less needed per day to supply the european market
This is going to happen worldwide. Once consumption outpaces production worldwide they're just going to lean on the massive reserves for a year or so and bring it down to a smaller size.
Production is going to stay low for at least a year. Low production means that not a lot of oil will need to be sailed over the seas.
Europe will consume domestic production first, russian pipeline production second and only resort back to tanker imports when the market is back in balance and the storage is back at normal levels.
This will happen everywhere.
Please correct me, as I said I hold a shitload of FRO and getting unsure about what I've done.

>>19061082
Meanwhile in reality

>>19061148
yes
that is exactly what i am saying

>>19060828
Comfy divvies and good returns will come to you, but only if you reply "HOLD ON SEA CAT" in this thread
>>19060868
COLD
DEAD
HANDS

>>19061082
Nevermind, me >>19061148 is stupid and misread because only just now started drinking coffee, please ignore.

>>19061144
I sure hope so, because things are looking good now.

>>19061168
Sorry.

>>19061158

>>19061180
it's all good, matey
when this is over we'll get matching anchor tattoos

>>19061177
hold on sea cat

ACTIVATE IT MOTHER FUCKERS
BEHEAD ALL BRANDONS

>>19061158
Yeah you’re right that our future isn’t bright but it’s still fun to speculate and hope that it goes back up. You don’t need to interrupt that you asshole.

Quick summary of what some of the companies cover.
>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

>>19061177
HOLD ON SEA CAT

>>19061229
he's a liar
"plummeted" to fucking DOUBLE their normal rate and that shit is going to go up again because storage is literally running out WORLD WIDE

>>19054939
No, it means that of all available spot days (e.g. if you have 100 spots and the quarter is 90 days, that's 9000 spot-days total), 66% are fixed. Note that fixed is not guaranteed, the subject needs to be lifted for it to really go into effect. Usually that's about a month after the subject is fixed.
On the other hand, the 110k rate they're claiming already discounts the possibility of delinquency (which is a common issue in the tankers industry), and as demand is lower than expected while cuts aren't as much as expected, delinquency rates should be lower than normal.

>>19061158
>plummet
The rate for a lot of these companies to profit is like 15k a day. Even 50k is a strong profit margin.

>>19061227
that’s your high for the day get ready for the bleed out to $6.30

High volume green on FRO:)

>>19061158
Yes we know all these stocks are going to zero but theres nothing wrong with losing 5 or 10 thousand having fun. Lighten up buzzkill

>>19061177
HOLD ON SEA CAT

>>19061142
WE ARE CARVING THROUGH THESE ROUGH SEAS LIKE A KNIFE THROUGH BUTTER, PRAISE THE GODS!

>>19061158
Actually, short term future and medium term is kind of bright and may initiate a supercycle. That current rate is STILL very good, extremely so from the norm of like 15-16k. Second, will rise due to oil going down soon. Third, supply soon to fill and use tankers as floating storage more. Fourth, many have not fully employed their fleets yet. And fifth and most importantly, many vessels are near scrap age which means soon as this crisis is over and rates go back to normal they will scrap ships to reduce tanker supply and keep the rates high. Demand will be propped up after this by shortening the supply of tankers, they decreased heavily during this crater because after the last super contango they made a ton of new ships and increased supply. The order for new ships right now is at historic lows, and scrap dates soon, meaning supply will be low af and rates high still.

>>19061193
Wew, lockdown v2, oil never coming back.

>>19061177
HOLD ON SEA CAT

>>19061202
Aye, brothers sharing the hot iron on the cold salty sea. We are going to make it brother, and then we will have all the rum we can ever share together after.

bros..
is this it?

>>19061301
we'll see, brandon

>>19061341
post what the price is now, retard

>>19061339
i've been calling for a fake pump to shake out the last of weary retail before the real pump on monday

Tankers greening. I think it's happening.

Five weeks and five ways 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

>>19061365
ok, brandon

>>19061379

MOAR RED

GO STNG GO

BRANDON ON SUICIDE WATCH

>Market dumping
>Tankers mooning

>>19061468
>suicide on a dead cat bounce of less than 1%
at least you’ve lowered your expectations

>>19061497
t. retard with gun to the head

>>19061488
we gotta pump fast before circuit breakers
i think oil is going to drag everything down with it
apart from tankers
they won't be able to sweep it under the rug anymore

what is most disgusting is that we need to watch donald trump's twitter to see if he's going to try to fuck us yet again

Look at the 1 minute on oil futures, it's like a red staircase

Everything is red except tankers and SCO, and it's only just begun

>>19061488

Those digits.

OOOOOOOOO

>>19061488
Tankers confirmed white man's cause.

>>19061488
I'd rather tankers tank more. I want moar FRO on the cheap.

>>19061339
>is this it?
Not yet.
Friday we'll see.

>>19061488
Oh god yes, this is a pretty green day, and it has only just begun! Here's to hoping for the first moon even if it is a fake pump before one final dump! Maybe, who knows, JP Morgan went in yesterday finally, which means this might be the actual start.

>>19061553
>oil talks with russian and Saudi arabia are going great. Just had a phone call with putin

https://oilprice.com/Latest-Energy-News/World-News/Oil-Inventories-Soar-Yet-Again-Despite-Demand-Rebound.html
I also saw the saudis saying they overestimated demand by a factor 2.

>>19061713
i had to actually check
that's how bad it is

>>19061393
keep us updated please :)

>>19061771
sorry brandon
but this is proof that tankers and oil are precisely correlated
and oil IS going to plummet

>>19061713
He's too focused on ((((Obamagate?)))) to tweet about oil right now, which is fucking perfect for us. If he stays off the twitter machine until Friday we might see 15%

>>19061792
Don’t be sorry just learn from your mistakes. Enjoy the ride to the bottom, maybe DHT will break the $6 floor today, wouldn’t that be fun?

Can someone explain to me exactly how major institutions can keep the price low? Do they just bid for a huge amount of shares at a low price and drive it down like that?

>>19061825
absolutely exhilarating
check out the volume on the oil dump

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

high volume going up
extremely low volume going down

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>19061889
>1.5%
>dump
literally a blip on the radar, you’re gonna need 20% or 30% drops to see any meaningful positive correlation to tankers and contango

but check out pic related, enjoying the ride yet?

I FUCKING HATE THIS MARKET MANIPULATING ASSHOLE SO MUCH

So are you guys gonna disappear instantly after the contracts end without contango and tankers show no signs of recovery to their previous highs?

>>19062195
contracts are going to tank
EIA just somehow contradicted API by 8 million
sounds like complete bullshit
but we'll see on monday
today's happening is cancelled

>>19061889
Up now. Just who is buying? kek.

>>19062195
You are absolutely hilarious. No contango...lmfao. Have fun with your minus 100 dollar barrel of oil.

EIA REPORT CAN SUCK MY DICK. OIL WILL CRUMBLE SOON.

>>19062254
EIA report is suspicious as fuck
how the hell could API by wrong by over 8m?

>>19062250
screencapped, i hope you stick around to watch yourself get btfo next week

>>19062195
We are in for the kong haul, my friend.

>>19062286
I have no fucking idea. 8m/b is a lot of fucking crude, that makes absolutely no sense.

I think cushing might have actually tank topped or atleast contracted out all it's space and is now sending crude to SPR and export. Oil bulls are taking this the wrong way.

How will they cope with this news?

>The 15-week streak of crude inventory builds is over with a 745k barrel draw this week and fears over Cushing storage maxing out seem assuaged...

>>19062195
Five weeks they will capitulate. They will make excuses this month

>>19062385
oh no no no!

inb4 divvies cope

Did the tanker pump drive off the weak hands?

>>19062422
that's pretty much exactly what i was calling for
fake pump and dump
i'm not sure it's over though

Lol that lasted like 10 seconds. Never mind guys, back to your regularly scheduled oil dump!

>>19062422
>The 15-week streak of crude inventory builds is over with a 745k barrel draw this week and fears over Cushing storage maxing out seem assuaged
bros...

>>19062240
>>19062254
>>19062286
I don't understand this EIA report. How can they release contradictory findings from the API? Really, what could of happened? Is this purely suspicious activity, or normal?

>>19062447
reads like bullshit
there is absolutely no way API was off by >8m
EIA dildo already ded

>>19062195
If that happens I'll stick to the dividend date of FRO.
Since DHT is on 05/19 so I'll prolly sell either way.

>>19062478
"The API is a national trade association whereas the EIA is an agency of the U.S. Federal Statistical System and a part of the U.S. Department of Energy."

HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

>>19062483
If it smells like bullshit, looks like bullshit, and sounds like bullshit... it's probably bullshit.

If we actually saw a 0.7m barrel oil draw, WTI futures would be in space. Look how quickly we dropped right after. The algos got baited and bought the pump.

>>19062195
You know like 80% of anons here are priced in for June 19 and later contracts, right? Short term price movements suck but we're here for big chungus, not your little floppy fish shakeout plays

>>19060828
>makes tanker stock general
>posts picture of land based storage
Can you count to potato?

Nustar is up almost 20% since I first posted it.
Also got a dividend of .40 a share.

>>19062404
Never fear our misunderstanding of dividends will save us!
>Bloomberg Intelligence Energy Analyst Fernando Valle notes that "falling tanker rates show that pressure on storage has eased in May as OPEC+ cuts output.


Gold jerry gold

>>19062548
>US Federal Statistical System
Mother of sus, the data is manipulated by crooked fucks. I never thought we would go this far. Entire world thinks we are gonna go over supply, the national trade association concurs, only our country's personal agency disagrees. Yea, no, not believing them for a moment.

>>19062478
Maybe you should read a few annual reports instead of jerking it to pedo cartoons

HAHAHAHAHAHA WHAT THE FUCK WAS THAT DROP!? WHAT IS GOING ON DUDE!?

>>19062618
only brandons believed that obviously-manipulated shit

>>19062615
Less demand for oil means less need for storage aside from that one time last month which will never happen again

>>19062660
something extreme is going on in a backroom somewhere
maybe several of them

>>19062677
>tracking a 2x index to overreact to small price movements
WTI crude is actually very stable.

>>19062705
This is getting insane, why is everyone being kept in the dark? Something is unfolding and the algos are going haywire. I am so curious, media is probably going to chalk it up to "oil go crazy because oil crazy mahn!"

>>19062717
it's 10 minutes ahead of the crude tracker but shows the same trends which is why i watch it
look for yourself
same exact spike just the view from 10 minutes in the past

>>19062757
Nope you just dont understand anything except how to be fleeced

>>19062762
and 10 minutes into the future

and here is the present, 10 minutes ago
>>19062483

>>19062762
That’s nothing, it’s less than a .50c spike. You need to be looking at longer term trends.

>>19062705
It's because everything in our economy is based around oil. I don't suspect conspiracy, I suspect a bunch of people low and high saying "oh no, this looks really bad" and fudging it a little every step of the way to try and hedge against catastrophe

>>19062780


Refer here brandon:
>>19061410

>>19062798
how's a consistent red dildo up oil's ass every single month on rollover day for 3 months for a long trend?

>>19062839
>short graph
come on retard, WTI oil has stabilized post lockdown quit trying to dig up shit to make the lines look chaotic

And its gone.......haha hope you sold but glad you didn't.

F
I
Violent declines
E

W
E
E
K
S

>>19062956
Ok.

>>19062979
b-but were holding to the end of the year anyways! no one cares about this month!

w-we get pennies on the dollar for bagholding!

we’re so smart!!

>>19062956
Ok.

>>19062956
Chaos is the new norm for a while, i think.

>>19063026
It’s only chaos to dunning kruger robinhoodies that think bagholding will somehow net them millions in returns and are baffled why it’s not happening

This is why you have this containment thread because you’re a joke in /smg/

>>19063077
Post your positions

behold, the 10 minute future of oil
>this confuses the brandon

Why do we got to get FUD'ing shills and can't just have a comfy general. Do we really have to wait until Oilmageddon and the Big Port until we can have our comfy thread to ourselves again? It's taxing to add filters every thread.

>>19063097
I’m all cash like most intelligent people as we watch the market catch up to the economic realities. I’ll buy stuff that will be making money when you’re looking up the mountain at a break even you’ll never reach.

>>19063077
Who cares? /smg/ are a bunch of retards too. Your flavor of bullshit is just slightly different, not better.

>>19063131
you know why
because the flight is going to be historic

>>19063131
The shills are in overdrive, which is cunny. I have only seen it this bad or worse at the height of the elections and during the alt market run. They're literally going to end up baiting contrarians into tankers.

>>19063157
I accidentally my whole gambling account into tankers.

>>19063156
Anything is better than bagholding a non growth industry after buying at the peak of a once in a lifetime scenario.

>>19063131
i'm enjoying the shakeout
just makes the pump even juicier

i hope none of you bought gas yesterday

Remember, you, too, can make it. Follow the ways of our patron saint.

>>19063157
For sure, but when does your employer assign you a new sector to FUD already, there is barely any time left to shake out more.

>>19063208
Very cunny, and this is truly overdrive at this point. Also based, your gambling account will become your main account by the end of this kek.

>>19063235
>Knows a friend
>Yesterday
>"I am going to buy natural gas companies since they won't be affected by the oil crisis!"

I can only imagine the amount of pink wojacking he is going through right now. If only he would just take my advice instead and buy tankers.

>>19063306
the only cash i have not in tanker calls is in UCO puts and it looks like everything is getting ready to print

>>19063247
If tankers quadruple, you're right.

>A haiku for Brandon
Brandon is salty.
Lawrence cums on his mom's tits,
A tanker of spunk.

>>19063343
if DHT quadruples...

Everything is plunging. This is it, boys.

>>19063395
oil meme lines about to meet
it's got to break one way or the other
or just....... crab forever, i guess

>>19063392
i hope thats bait and you don’t actually hold that position

>>19063392
>if DHT quadruples...
I'm bagholding too (FRO though) but holy fuck some of you are delusional.

>>19063436
>>19063450
the calculator's fun to dream with

>>19063392
I thought these threads were just memes and people didn’t seriously bet money on tankers...

Shit some of my stuff is bleeding almost double digits

DHT only down half a percent though and I'm actually up from where I bought it

>>19063498
I'm getting raped on FRO

>>19063523
But JP did buy a ton of shares though.

>>19063498
are tankers the only thing riding flat today?

STNG could be our bellwether

>>19063549
what's your exit? I am imagining a jump to $22 by next Friday. I'll sell a small portion then.

>>19063339
I just own the stocks, I don't like doing calls. I feel like they get gamed too hard, and I am not smart enough yet to win despite it. Looks like you made good moves though for the coming days.

>>19063343
>Only quadruples

Anon....you are going to be pleasantly surprised. And kek for the haiku.

Brandon needs a job,
Anime boat autists laugh,
Brandon unemployed.

>>19063498
We can easily finish more up, it was up earlier. Who knows today, all I know is I am green and I only own tankers fellow footfriend.

>>19063546
in the oil industry i believe the only things i can find positive or flat are tankers and SCO

trump is like 5 minutes away from just "STOP FUCKING SELLING OIL FUCK"

>>19063595
*snaps*

>>19063622
on my watchlist, it's tankers, nintendo, groceries, payments, FAGMAN, and gold.

>>19061177
HOLD ON SEA CAT

SCO at 39.50. If SCO hits 40 EOD we're going to see some serious shit

every time oil tanks brandon fucking disappears
which i guess means we won't see him for a while...

>>19063800
is DHT under 6.30 yet?

Tankerbros.
Help me refute this:
https://www.euronews.com/2020/05/13/energy-report-finding-a-way

>>19063728
It's fine, they will go up.

>>19064096
What is there to refute?
>Global supply up
>Report says despite this MAYBE Cushing will have a draw.
>Global supply still up

Honestly it barely matters, oil crashes regardless. if you think global supply can continually go up and cushing not fill then you are in dream world. Even IF a draw happens, what, global supply won't matter and fill it immediately? The problem is production vs. supply, any other speculation is either neutral or bearish on oil.

Today is a dream for DCAing, kind anons. It all comes to a head soon. Smile through the tears.

>>19061177
HOLD ON SEA CAT

>>19060868
COLD
DEAD
HAAAAAANDS

>>19064323
>Smile through the tears.
I can’t tell anymore what’s genuine cringe and what’s shitposting to lure more retards into catching falling knives.

>tfw filtered 4 shills in this thread alone
This really is overdrive, isn't it? Whoever called fake pump and then dump earlier, you were spot on the money, perfect call to today's events. And love how when things pump a bit they quiet down, then when dump a bit they all speak up. It's uncanny.

Another day, another interesting article for kind anons:

https://seekingalpha.com/article/4347044-opportunities-in-tankers-interview-praetorian-capital

>>19063343
based

Why is everything tanking again? Get it tanking? Ya know like tankers. Sheesh I shouldn't have to explain it yall

>>19064557
yesterday had 9
i called the fake pump over a week ago

>>19064557
You should filter everyone and have your own little safe space where tankers dont go down everyday

>>19064771
fuck off people are losing real money right now, why can’t you be supportive or nice?

>>19064759
bullish as fuck

>>19064759
Max comfy

>>19064771
>whole market is down like 2%
>russ is down 4.5%.
>EURN 0.3%
>DHT -3%
>FRO -1%
>STNG 2%
>NAT -1.8%
kek

All these tanker bears and oil bulls don't realize that Cushing is full. All of the space is contracted out and they have to send it to SPR and exports.

Saudi is about to fuck us with the 50 million barrels off the gulf coast.

Oil is going negative again.

Sorry brandons.

https://www.youtube.com/watch?v=1BH9F-4gJZs
https://twitter.com/GrunikM/status/1260574696615092232
https://twitter.com/calvinfroedge/status/1260595252081184770
https://in.reuters.com/article/gasoline-asia-demand/more-than-280000-tonnes-of-gasoline-stored-on-singapore-malaysia-waters-idINKBN22P1HU

all of the upward moves are high volume
all of the downward moves are low volume
this can't go on forever

5 filtered now.

>>19064759
This is beyond bullish. Yet market keep going down, kek. The bet and analysis has already happened, we have already won fundamentally. But no one still buys for reasons unknown. How long until they realize this is a cash cow.

>>19065012
i think they already have
yesterday it was pointed out that the downturns all seem carefully crafted to come right up to circuit breakers but not trip them
we know institutional money is coming back in, but we also know there was a shitload to start with
i am still of the opinion that somebody has 5/15 puts and they were trying to double-dip on this thing and are losing their ass which explains the absolutely unreal amount of shilling

>>19065001
No one here is a tanker bear or oil bull not that they are even correlated. We are here studying loser behavior and psychology so we can profit from it

>>19065094
FUCK OFF THE ONLY LOSERS ARE THE ONES NOT BUYING TANKERS

>>19065094
Am I the only one not profiting? I keep buying the wrong meme stocks.

how desperate would you be if YOU were holding 6,300 $6 5/15 DHT puts?

>>19065207
forgot pic

>>19065135
We were talking last night about getting Brandon a Disney Cruise when all this is over, and tankers print. More people are concerned than mad. Even the 2016 election shilling wasn't this ridiculous.

The fundamentals are there but in order for stock price to go up, the management team has to be able to sell people on the stock

How many of these management teams are out there selling tanker stocks? Most of the world has probably never even heard of FRO or TNK and the like. It's not like their FB or MSFT

and how mad would you be if, meanwhile...

>>19065248
>We were talking last night about getting Brandon a Disney Cruise when all this is over

don't get him a disney cruise, get him an all-access tour of the worlds largest ULCC tanker, which i believe is owned by Euronav

>>19065281
with special access to the bottom?

>>19065281

>>19065081
I feel like I agree with that, but at the same time...lift off already you stupid big money! The game is over, I know NO ONE who likes tankers, this is the minimal retail in the market they will get right now. Anyone left is either an autist, or don't check their portfolio or keep track of the market. If I had those puts though, I would turn down the market and offload them immediately before buying stock and calls.

>>19065170
Nice diversity, you are gonna make it. I am profiting small bit today atm, but down overall still.

>>19065207
>>19065228
Yea....just sell, kek.

>>19065250
Print out an earnings report and inventories of oil supply + production cuts not working. Any competent team would quickly realize this is a cash cow.

>>19065281
Kek, brilliant. Let's fund it!

check out THIS shit

>>19065281
Fucking lol

well, it's officially, tankers are the dumbest "investment" I have ever made in my life
go fuck yourself /tsg/

>>19065385
*filtered*

>>19065385
>1 post by this ID
post your position and the sell or fuck off, brandon

>>19065385
DONT GIVE UP WE’RE GOING TO MOON BY THE END OF THE WEEK

>>19065385
How, shill? Everything is getting it in the asshole except tankers and SCO.

>>19065348
In your dreams

>>19065440
my point is that there is volume

>>19065456
Must be one us, only possible explanation

>>19065385
I'm in too deep to just give up. Its not like the tanker industry is just gonna disappear, it'll go up eventually. It's only a loss if you sell.

if i bought shares of UCO and USO how fucked am i?

>>19065565
just don't check your balance for a few months and you'll be alright

>>19065228
Why do you losers like to buy this trash?

OOOOOOOOOOOOOOOOOOOOOO

>>19065597
I just bought 300 shares of DHT to piss you off.

>>19065642
post it, bro

DON'T WORRY FRIENDS, YOUR PROPHET IS HERE. THE RISING TIDE OF STNG WILL RAISE ALL BOATS. IT IS OUR TIME. PREPARE FOR LIFT OFF.

STNG TO $21 BY FRIDAY, $24 GAP UP OVER THE WEEKEND.

>>19065688
if tankers are green and oil red on friday the gap up will be legendary

well. now we know why EIA came in so low
HOW FORTUNATE FOR OIL

https://sputniknews.com/us/202005131079290614-saudi-tankers-struggle-for-days-to-unload-oil-at-us-gulf-ports-analysts-say/

SCO 39.94
This is actually happening

>>19065777
one more gigantic dragon dildo could push this entire thing into motion

saudis are fucking oil RIGHT NOW

https://www.npr.org/2020/05/04/850026351/saudi-arabias-oil-tanker-flotilla-is-reaching-the-u-s-despite-some-objections

>>19065688
Yes please senpai, LET'S GO! I got my hands in DHT, EURN, FRO, STNG, and (smol) TNP. Let's go go go! STNG treating me well today, STNG make me positive today. I don't want to dip my last bits of margin into SCO even if I know it is a surefire profit, just for safety reasons so I am happy to just cheer everyone on who is doing that play.

>>19065831
WHAT TIMING. PURE COINCIDENCE.

Oil is so fucked, absolutely magnificent. The gap up this weekend will be a tale told for generations.

all we have to fear at this point is fucking donald trump bullshitting about tariffs

>>19065754
>sputniknews
literally russian propaganda. EIA confirmed the storage crisis dream is probably over

>>19065907
you sweating, brandon?

>>19065897
He should just keep kushner's cock in his mouth so he stops saying dumb shit.

7 filters so far this thread, do I hear 8? The shills are out in full force, shit is about to hit the fan.

>>19065907
I can smell your jew fear
Palms are sweaty, knees weak, kippah heavy
There's vomit on his sweater already, mom's shkedei

Hold on a few more weeks, guys. Remember, futures are bought in advance!

>>19066053
>1 post by this ID

>>19066053
Exactly hold for 5 more weeks

>STNG right now
lol.
Soon now.
Very soon.
Chinks are liars.
Poos are still on lockdown.
The areas of USA that matter are still locked down.
Texans are putting WTI into their dog's water bowls.
OPEC is facing prisoner's dilemma, turns out everybody cheated.
God emperor Trump tweets to try to stop oil from shitting the bed again before he can dog whistle his bros.
Tankers being pulled from routes to play contango.
Massive earnings proves to hedgies that tankers have some go in them.
Retail has capitulated.
Institutional money is entering.

>>19063498
Blood for the blood god. Skulls for the skull throne. The twin tailed comet arrives in six days time.

>>19063392
It won't unless spot rates hit like 300k, which won't happen unless Brent goes negative, which it likely won't.

>>19062478
>How can they release contradictory findings from the API
It didn't. They aren't mutually exclusive.
The EIA report omits a few things (1) the US Strategic Petroleum Reserve (expressly excluded from report), (2) stranded imports, and (3) crazy fucking Texans doing crazy Texas shit. Re domestically sourced oil, please read:
https://www.law.com/texaslawyer/2020/04/23/government-offers-storage-at-the-strategic-petroleum-reserves-for-us-produced-crude-oil/?slreturn=20200413132150

oil resuming the death march

REEEEEEEE
I WANTED MORE CHEAP EURN, DHT AND FRO
THIS IS NOT WHAT I WANTED
TANKERS WERE SUPPOSED TO GO UP NEXT WEEK
REEEEEE
Bought another 100 FRO ;_;

$EURN, $STNG, and $DHT are still super cheap. if you guys want to avg down now would be the time. Tomorrow is going to be red dildo for oil and green dildo for tankers.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN22P2AP

Quick, I've got 500 bucks more to spend, which tanker stock!?
You choose!

>>19066472
this makes me ask again
WHO THE FUCK IS BUYING THE FRONT MONTH
IF EVERYONE IS AVOIDING IT, WTF IS GOING TO HAPPEN TO IT ALL

>>19066537
Fro

>>19066537
I think FRO is currently the most undervalued 'valuable' stock. Otherwise you can try some pennystocks like OSG.

>>19066537
DHT

>>19066537
EURN. High dividend.

>>19066547
No idea. Still salty that my may calls will expire worthless tho. Jews cucked us all lmao. Thankfully I still have calls from june-august so I can try to recuperate what I lost atleast. Next week tankers will moon then I'm selling it all and waiting until a week before the next contract to expire to get back in. Not gonna let Brandon and his bros cuck me again, lesson learned.

>>19066547
>>19066472

if no one buys / trades the front month contract, does the price of oil drop?

Personal recommendation tanker bros:

If you're at a gain by May 25th, sell half your shares on that day. We can't really predict if the jews and algos are going to pinch more pennies.

If you're at a loss, bag hold and don't let go. Maybe buy ATM put insurance for like August if you're not feeling too confident.

>>19066602
that's my question
the only people possibly trading these contracts HAVE to be aware that they may have to take delivery
if they aren't aware....... and all the people who ARE aware aren't trading...... then most of the people trading are not aware
which could mean that last month was child's play compared to how negative oil is going to go on the 19th
or whenever those people figure that out...

>>19066554
>>19066568
FRO it is!

>>19066602
Haha geez yall have no clue how anything works not even dividends

>>19066652
Yes ride everything down and buy lots of options

Anons please stop replying to Brandon. We've got screen shots of him trying to samefag. Oil Anon deconstructed his 10 arguments one by one, there's screenshots of all this. Once he gets confronted with facts he dodges and ignores. Starts trying fud on other users. I've filtered him but I'm about to filter the rest of you who keep replying. This is tsg not Brandon general. Why are you feeding the troll/shill/FUD? I'm here everyday for TANKER discussion. Filter and move on, or post OIL Anons 10 rebuttals and move on. Don't you get it? He wants you to argue with him.

God bless, and fuck yea we're moving in the the green 2 days before options expiry, 6 days from oil blowout. Bullish.

>>19066658
The fact >>19066602
That you are beholding while not understanding mechanics is quite amusing, yall. Are the blinders misleading the binderers

>>19066706
>Brandon doesn't understand how dividends work

Refer here:
>>19061410

>>19066741
Yes cult members listen to your leader who has a 50% loss

>>19066186
My mistake, thanks for the low down anon. THings looking so good right now, I love it. All green today.

>>19066537
FRO, it is JP Morgan approved.

>>19066652
Thinking about it desu, will have to wait for the day.

>>19066754
he's seen it
he doesn't believe what he's saying
he is here specifically to shake people out
there is nothing to be gained by responding at all

>>19066186
>It won't unless spot rates hit like 300k, which won't happen unless Brent goes negative, which it likely won't.
what do you think DHT will do? realistically
i can't seem to get a straight answer from anyone on this so i'm left to play with a calculator and dream

Yall dont know why you bought (cramer)
You dont know why you should sell (so you dont lose your 5$
You dont understand dividends or balance sheet
You do know shit (that you lost all your monies)

Tankers unload oil where?

>>19066844
The obvious answer is, we don't know. I think it can reach 18-20 base, and with sufficient FOMO, perhaps even 40 but that's pushing it. This is based on the previous high, discounted for the split between the high and now.

>>19066817
We have seen your losses. One guy had a $34 profit but he lost out. Most of yall are down 50%

>>19066850
Nowhere. They keep it and charge rent while giving us money.

Unless you mean Saudi right now, which is bombarding Texas with oil!

>>19066771
the firms from the big short were also sustaining losses until the market finally crashed as predicted. same thing going on here

>>19066914
they are literally saying that the boats that transfer oil from the tankers to the shore are out of gas and THAT'S why the saudi tankers can't unload and THAT'S why that oil didn't make it into the EIA report
middle school-tier bullshit right now

>>19066741
He's not even arguing, it's just the same nonsensical posts over and over. Even shills are better than whatever this guys shtick is. GS internet? Guy with 6500 DHT $6 5/19 puts? We may never know.
The play is happening now, and nothing he says can or will change that. Tankerbros will be fine.

>>19066934
1. Do not respond to Brandon.

>>19066960
The real question is, is anyone actually falling for this?

>>19066934
It really feels the same way. It's like watching a dam about to break, you see the cracks but have no idea when it all comes crumbling down.

>>19066741
>I've filtered him but I'm about to filter the rest of you who keep replying.
cancer

>>19067021
>>19066934
I've been watching that movie every single day for the past week to strengthen my hands whenever Brandon isn't here reassuring me by making it obvious that somebody out there REALLY wants us out of this.

>Oil is plummeting as we speak
>Saudi prepared to unload 45 million barrels of crude off the gulf coast
I talked to my buddy who works at a refinery, literally no more space:
>Upstream, midstream, downstream storage rates have skyrocketted
>50 Oil companies bidding insane amounts of 5 million barrels of storage
>Nigeria literally can't hold their natty gas anywhere
>June oil cutes are too late, Iraq and Russia has been cheating the whole time
>Hess and Chevron have both chartered floating storage
>Rates have stabilized for VLCCs at 60k even with 90 day time charters.

>OIL FUTURE CONTRACT EXPIRY MAY 18TH. BOOM.

>IS LAWRENCE CARROL /OURGUY/?

The next two weeks are going to be legendary anons.

https://uk.reuters.com/article/us-oil-opec-report/opec-slashes-oil-demand-forecast-again-sees-biggest-hit-this-quarter-idUKKBN22P206

Harden your hands by soaking them in brine and place your bets on the next place Trump will allow oil to be stored tomorrow in order to avoid having to admit defeat.

>>19067055
I don't know how I missed it but who is Lawrence Carroll?

SCO BROKE 40.00
SCO BROKE 40.00
ALL TANKERS RISING
THIS IS IT, THE STORM IS VISIBLE AND THE TIDE IS HIGH

>>19067109

chart is starting to stretch to contain the downward trend

>>19066960
The most beyond bs tier thing I have seen. Tactical waiting for Oilmageddon day.

>>19067055
THIS IS IT BOYS. THIS IS FUCKING IT, HOLD ME. OUR CALLS WERE RIGHT, OILMAGEDDON IS UPON US.

Begone footfag

>>19067055
>midstream
can I get a redpill on that? I guess upstream is petrol and upstream is gasoline and whatever, midstream is on site?

>>19067138
holy shit

>>19067200
Midstream would be things like crude distillate, with more processing it turns into lubricating oil, gasoline, kerosene, etc.

>>19067200
>and upstream is gas
downstream, duh
>>19067247
oh makes sense

ANSWER WITHIN 5 SECONDS
NO GOOGLING
NO CHEATING
IS THIS A PICTURE OF:

1. THE SCO 3M VIEW
2. THE ALPS

Whole market shitting the bed today, even my miners. Tankers are the only sector that's up. Very very nice.

>>19067306
which miners you got? looking to get into some gold miners and junior miners. which ones are performing thr best?

>>19067192
Never. I was one of the first voicing for tankers.

>>19067296
S.C.O!

>>19067306
As they should be.

oil line go down
tanker line go up

>>19067456
what day did you first buy in?
my first purchase was 4/28 so this has been.... difficult
but i've been able to average down to like 40% of my original rate

>>19067296
You jinxed it you fuck

>>19067533
yeah no kidding who tweeted what?

>>19067192
You get out faggot, footanons our boy

>>19067512
4/9. Puts expire in July-Sept, bought some June calls cheap over the last week.

>>19067512
i got in late march early april and am still down

>>19067533
WTI bounced off of 4.80 twice before shooting up to 25.40
on its way back down now but wtf was that
algos need to be outlawed

>>19067359
You want to be in miners with mines in countries that're USA allies, as the USD is in massive shortage right now, and every country in the world is in massive amounts of dollar denominated debt. The USD is only beginning to just short squeeze upwards. There is ever increasing risk of nationalising mines in non USA allied palces such as AFrica or Turkey for Gold which is priced in USD and can be used in a way to circumvent this problem. All USA allies are being handed dollar swap lines, essentially USD loans at below market rate.

I wouldn't play the Barricks, Newmonts, and Wheatons. Agnico is in all USA allied countries but I don't know their management. Personally I like LibertyGold, Goldmining, Puregoldmining (fantastic management and in one of the best geological and political jurisdictions). Avoid countries with Ak47s. The price looks attractive but you'll get fucked down the road. Endeavor I believe got jacked up by cartels last month.

>>19067192

He's an OG tanker my boy

>>19067662
When your out at sea with nothing but your mates and a bucket of oil strange....predilections can develop

Penny stock trash always goes up when markets crash.

>>19066914
>>19067172
I would like to unload my tanker onto those soles desu

>>19067512
I am not even sure. It was early April and I had only very few shares, like FRO for instance I bought at 9 dollars for 25 shares and was happy while seeing it at 11, 12, 13. I now own 500 shares and the story is similar for other tankers, so I am basically all DCA down. I need a dollar about on average for everything to go up to break even.

>>19067567
Yay, thank you fren. We are in this together, I am glad we got many comfy anons here.

>>19067821
lol

>>19065831
Generous Saudis providing the US with oil during these troubling times

>>19065831
>>19067953

The asteroid that'll wipe out the oil bulls has been crossing the ocean all this time. Maxed out cushing will devastate them, this will wipe them out.

>>19067921
i swear if DHT is the only one that doesn't surge

>>19068050
it's been parked off the coast for the past week while we pretend we are unable to get the oil they're carrying

>>19067872
I wish I could long those soles personally, would be the perfect play after riding these tankers. Have another then.

>>19067953
Truly a paragon of sainthood.

>>19068054
If not today, then later. I got good confidence in it.

>>19067921
Who released that pic?

>>19067286
>>19067200
>>19067247
There are so many things wrong with this, do you retards even do 2 minutes of research?

>>19068163
>1 post by this ID

>didn't buy TNP when it was 0.14 down
>it's now up 0.07

They should make all algorithms illegal
How fucked is it that I'm supposed to compete with supercomputers?

>>19068163
I just asked a question
>just google it
no fuck you

>>19067616
>on its way back down now
is it? when does the contract end?

>>19068252
Algorithms are built against normies, not autistic anons, friend.

>>19068192
Hey, it's alright. I am sitting on TNP shares about 20 cents above its current value. I wish I had more powder to buy the dip, but I am happy just seeing it all rise now too.

>>19068286
May 19th
but nobody knows wtf is going to happen because nobody knows who actually owns the front month futures or is buying them right now
this could be absolutely chaotic

>>19068386
lets hope its zoomers thinking they smart money buying oil

>>19068435
I hope it's fucking COF and they choke so fucking hard it tanks everything in one big shot.

>>19068386
My bet is on oil staying relatively high, which will in turn contango the shit out of next few months. Weeks later, news that none of the oil could be retrieved at expiration by the contract owners, massive fees and lost money everywhere, panic and THEN negatives.

>>19068435
i sure hope it isn't that
they wouldn't have the brains to sell on the 19th and this can would get kicked down the road

>>19068474
we can only hope

>>19068488
nice digits, i would spit my drink when i see the news.

>>19068092
She's quite sweaty, those could use a cleaning

2 more days boys, 2 days and the calls are fucked. After we dump those corpses off the boat it's smooth sailing from there

Very comfy thread without the shills.

I usually do this super autistic muscle twitching thing when I'm right about something, and right now it won't stop. It's never happened like this before.

Also: >>19068050
based

>>19068798
The oracle has come to us

>>19068644
Quite literally nothing more that I would rather do except accumulating more tanker shares. Dirty, sweaty, socks, bare, I am a kind-hearted individual and would always help a girl in need of cleaning her feet. Because I am a nice person willing to help, and I like helping even when a sock is no longer white.

New thread
>>19068837

>>19068837

>>19068837

>>19068159

J mintzmyer, Bloomberg's #1 tanker analyst a few days ago on twitter. It's from the latest tanker report, he has since deleted the pics. He remains very bullish.

https://old.reddit.com/r/wallstreetbets/comments/ghb1yk/tankers_major_key_alert_dont_play_yourselves/

post from J, believes hedgies are shorting tankers post earnings.

>>19068838
Better get to work anon