Oil Tanker Stocks are going to skyrocket over the coming weeks. Where they have been making 30,000 to 40,000 per day they are now making 300,000 to 400,000. In 2009 some of these stocks went 5X and more in just a couple days. This scenario is far more beneficial for tankers than it was then, Tanker revenue are going to be astronomical.
FRO EURN NAT TNP TK
...Large fleets, good contracts
Rising tide raises all ships
Buy Cheap call options, Expiring 2-3 months out and just out of the money.
because he thinks that they have to store it somewhere
problem is he doesn't realise that oil isn't going to be pulled out of the ground if they have to pay someone to store it, they will just leave it in the ground instead of even storing it in the pipeline
Look, I'm a smart guy, but for some reason I cannot wrap my head around your plan here. Why the hell would oil tanker stocks go up? Maybe I'm tired, or maybe I've been retarded for the past 30 years. I'm genuinely interested to know the reasoning behind this.
Aiden Perry
They can’t
Brody James
Because afaik shutting the pumps costs a lot more money and some pumps can't be shut down without causing damage or something ridiculous like that. Idk what's going on anymore. Drowning in oil.
Jordan Gonzalez
there was a spike in 2008 but i dont see how it will replicate here
Jaxson White
lol no, they cant turn it off, they would rather set it on fire
Christian Hernandez
There is no off switch.
Even if the shutdown ended completely tomorrow, the Tankers will be full for months, and charging rates 2-5x what was forecast just months ago.
This is the dream scenario for oil tankers.
Ryan Carter
room temperature iq investment. there are several factors that can actually cause tanker stocks to dump:
how much oil producers have on hand? can they easily cut supply to avoid paying exorbitant tanker fees? if they can cut supply, will they? which of these tanker companies actually service WTI crude companies that have a surplus of oil?
and finally - target price to sell (depends on current market cap of tanker companies)
>just buy tanker stocks bro they did 5x in 2009, not that all investment commodity trading firms have now eyes on them, firms that employ floors of harvard phds just to analyze this shit all day
JUST incoming
Samuel Roberts
because, due to greedy arabs, opec with their head up their arse, worldwide pandemics etc - there is a glut of oil. This oil has to be stored somewhere. Renting a tanker just to fill and store it with oil - which maybe CANNOT be delvered as onland storage still full - usually cost $35k per day. It is currently costing $350k per day. anons point being, someone is making 10 times as much profit, per tanker, per day - and he wants a piece. The question being, how quick oil producers adapt, stop pumping moar! oil and generally adjust to reality. Because paying $350k per tanker per day to store oil that sells for -$30 a barrel - its not a long-term winning strategy
It wont. Everything is priced in it's a one time event that wont affect next years earnings. If you disagree let's see your math
James Carter
Oh my lord anyone who has spent more than 30 seconds researching oil markets would know this is wrong.
Samuel Phillips
you do realize these companies make money by transporting oil and not storing it, right? and that onshore storage has been full for a while now?
Grayson Young
>Transporting oil to nowhere >OMFG BUY
lol no
Camden Long
This one
Connor Morgan
Happening right now, queues worldwide
Zachary Turner
youre a month late dipshit
Bentley Williams
>they would rather set it on fire Why don't they do this? I mean I was reading about how the old rigs they can't even shut down or they wouldn't be able to start them again, so if it just takes a few guys to run the rig, why not just keep it running but burn it instead of paying someone to take oil?
Not only that but even if things start opening up pretty soon, it's going to take a long time to get usage up. I mean it's not like people are booking vacations.
>tfw i get my economic info exclusively from Yas Forums and zerohedge >oil tanker storage article on zerohedge three+ weeks ago >liberal use of the word nigger keeps the normies away >up 40% in passive un-leveraged investments in oil tankers and gold mines in the last month
Timmy, can you point out on the chart where the big bad man touched you and tanker stocks went 5x?
I think all the tankers are full, filled up on contracts they signed where they agreed to rent it out at 40k a day. The market is now paying 300 to 400k for that one tanker that might become available tomorrow.
The majority of tankers are now on the seas getting paid 30-40k as per they contract that they signed a month ago. What are typical contract periods for tankers?
his point is that onshore storage is full, so there are more and more tankers that are paid to sit in docks just holding oil. This has been happening for a long time but the amount has never been as high as it is now.
