/biz/ - Business & Finance

>>28524390

>Greek shipping scam tankers

Go check the reverse split history of TOPS, SHIP... jesus christ these are the biggest scams in history, bigger than GME at 450

Buy CLF instead

https://stocktwits.com/symbol/CLF
.........................
$CLF
02/2021
>Biden says China will 'eat our lunch' if U.S. doesn't move on infrastructure

https://www.cnbc.com/2021/02/11/biden-says-china-will-eat-our-lunch-on-infrastructure.html

---------
$CLF
02/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

---------
$CLF
02/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>MSOS

dude weed lmao

>>28524457
Never change tranny.

>>28524552

Hey $CLF employs 40k Americans while China imports unemployment to the United States.

What side are you supporting?

The fact people are even considering investing in greek shippers with 1000 reverse splits in company entire history is comical

>>28524390
honestly anon, I think most of us roped after last year
h-hold on, sea cats?

>>28524678
I sure as hell took the loss. Made it all back in like a week. Then lost it again. But are things shaping up to enter into that mythic bullrun that was always floated about in this thread.

>>28524873
I personally won't be investing until I see that footanon is safe and well

>>28524390
Not falling for this shit again.

>>28524973
Ditto. I missed that bastard.
>>28525045
Me neither at the moment. Tanker rates are still really low but now it looks like it has retail and institutional momentum.

Any NATties here?

Seems like the only tanker-stock not crippled by debt or full meme

This is starting to feel like 2016 again

a good resource for tracking spacs is https://spactrack.net/
you can EASILY see which have announce, which have not, what sectors the spac is aiming for.

I'm in CTRM can we be boat buddies?

>>28524390
Anyone here holding Suncor? You think its a good long term hold? Currently have 50%ish of my portfolio in it, planning to hold it for 2+ years while it recovers from covid, while eating the yummy divis.

Holding OCY
Can't wait for the FPSO Dhirubhai-1 to get active again.

CTRM is going down in the short term and there's no denying it.
What other shipping companies there are, and why would I invest in them?

>>28527257
fuck off kike

>>28527531
Calm down man
>>28527257
There's a bunch of the dude. J. Mintzmeyer(?) is one of the top shipping analysts, even though there's only like three of them. He is a must read if you plan on getting into shipping of any kind. Also, there is currently a rate boon for cargo container shipping. So be wary of buying a top in one of those companies.

These shipping companies wont pump more. Its done.

Why are you retards posting ship images? The only reason I invest in these shitty things.

up significantly on STNG now. Got 5k in STNG options too. My DHT is a net gain but not impressive. The taxes on EURN made it a waste of time but I think the CEO knows that now and will just do share buybacks(mostly).

>NAT
>WTI
>TK
oil is bouncing, easiest x2 of your life if you get in now at the very bottom

>>28529923
>NAT
confirmed retard

>>28529271
Just reentered into a STNG position, lot of upside potential. Thinking about taking up a position in either ASC or TNK for the same upside. But may go to FRO or DHT for the divies but rates for VLCCs are still shit so I might just wait for the immediate hype to pass to buy a long position.

>>28530160
elaborate

Wow I remember these threads. I guess we finally bottomed in October. Lawrence Carrol waking up from his slumber?

>>28530160
it will literally x2 in a month
>you're buying bottom of correction
>confirmed reversal parren and breakout
>huge upside potential
>low market cap means it's easy to move
>TA fags drooling over this chart for days now
>even if it takes long to play out you have enormous dividends
don't marry the company, trade the ticker
get quick x2 in a month and get out, that's my advice
do what you will with it

>>28530230
DHT has time charterers into Q2 but then they get opened up into the spot market. DHT's management has performed excellently and they eliminated fully ~45% of their dept in 2020. TNK is shit IMO
>>28530430
Nat has the worst metrics: old tiny fleet, dept, price closer to NAV than other stocks.

>>28530620
theres smaller companies with better fundamentals. NAT has a bunch of robinhood bagholders too.

>>28530744
>Nat has the worst metrics: old tiny fleet, dept, price closer to NAV than other stocks.
>he thinks fundamentals matter
but even if t hey did:
>0.530 Debt/Equity
>5.2 PE
>26% Institutional Ownership, STABLE
>10(!!) % Revenue Growth DESPITE CHINAVIRUS, WOW
>earnings report 26th February, HYPE
>previously a $6 stock now climbing up again, AWESOME
>14% Dividend yield, $$$

I'm sure this has changed. So far all reporting shitty earnings. Pump perhaps a final fakeout?

>>28530914
>NAT has a bunch of robinhood bagholders too.
which means it has brand recognition to push and meme the ticker, this is bullish

>>28530744
>DHT's management has performed excellently and they eliminated fully ~45% of their dept in 2020
As expected. DHT is a solid company.
>TNK is shit IMO
Really? I though they were getting ready to clear away a lot of debt, plus they had a decent aged, and large, mixed fleet. Granted, I haven't done my DD since late august of last year, so maybe corporate changed up the plan or their fleet isn't good for the current market.

>>28531434
they got a lot of crude tankers and crude rates are likely gonna be dogshit longer than product tankers. Also not many of their fleet is scrubber fitted. The spread between fuels is gonna get huge when oil prices spike.

>>28531089
>So far all reporting shitty earnings. Pump perhaps a final fakeout?
Nah. Think this might actually be the bottom, or the bottom was reached a little bit ago and now the upward trend is starting. I have little faith, but it seems like both retail and institutions are now earnestly taking up long positions.

>>28531570
>Also not many of their fleet is scrubber fitted. The spread between fuels is gonna get huge when oil prices spike.
That's very true. I need to go back through and redo my DD for the current market.

STNG's presentation is very bullish.
https://www.scorpiotankers.com/wp-content/uploads/2021/02/STIFEL-Company-Presentation-February-vf.pdf
I don't think it mentions the increase in steel prices and shit rates making scrapping increasingly attractive too.

>>28531814
STNG is standout product tanker pick. DHT is my crude pick because they timed the last cycle close to perfectly. Scrubber fitted models are already commanding a decent premium due to the spread. I think its only gonna widen

been holding DHT for nearly a year now... Making money on the stock going up, divvies, and covered calls

feels boomer man

>>28532060
What's your opinion on ASC? Had them as a buy awhile ago at 3.00, but they got off my radar and have since skyrocketed to $4. I know debt was an issue, but they have a young product fleet and have been able to derisk.
>>28533367
Based boomer mode.