rukawa

Its at an all time low now.

Not really STNG related, but I've been following EURN for the past 5-6 months, looks to me as a dividend related cycle. But maybe wrong. Where are the rates on tankers? How are you guys finding this information?

How does the increase in oil production effect tankers. My understanding was that product tankers ship refined products. Is it because some product tankers switch to shipping or storing crude? I'm wondering because the over-production can't last forever. When it stops day rates for product tankers should go down. Is that what the market is anticipating and why the price continues to be low?

Actually, I think forced delisting of chinese companies from US stock exchanges could create up some interesting opportunities. Like what?

What other Go-Privates do you own? How do you size these?

Definitive merger agreement came in June of 2020. Spread is <5%. But original advice of writser was correct as its take 3 years for this to get to this phase.

So, first this is a bet on scrubbers/ IMO 2020 that didn’t work out (YE2019) , then it was a bet on using tankers as floating storage to bet on crude contango (April 2020) that didn’t work out, now it’s a bet on a tanker shortage supercycle (unknown future)? Just as a heuristic, I can’t say that thesis creep has worked for me very often. You also have to bet that management doesn’t do anything stupid in the meantime, even if we get a supercycle some time down the road. That’s not something one can take for granted in the tanker space. Fully agree! But given today's price there isn't much that has to go right. Question to the bulls....what would have to happen for you to become a bear. I mean what would have to go wrong. And a separate question...if I want to learn more about crude and product tankers are there some good resources?

I am actually very interested in STNG shares here. When was the last time the President of a public company used millions of dollars of their own money to purchase their own stock options in the open market? I do like Mr. Bugbee on the calls and can understand his point of view. If he is correct he will do very well. https://www.globenewswire.com/news-release/2020/07/14/2062257/0/en/Scorpio-Tankers-Inc-Announces-Purchase-of-Common-Shares-by-Scorpio-Services-Holding-Limited-and-Call-Options-by-President-of-the-Company.html I find those buys strange. Implied vols are very high...calls seemed expensive to me when I looked.

Spread between hsfo and vlsfo remains low for a longer period of time which gives times to retrofit ships over a longer time frame. During this time shipyards manufacture more ships and supply remains sufficient to prevent a spike in day rates.

I've read a Brothers, Notes from Underground, C&P and the Idiot. I would say if you haven't read one just read Notes from Underground. Its short and brilliant.

Wow....you do realize that the design of the internet was the product of government research right? :) In fact when I read the history of how it happened I think it would have been pretty difficult for the internet to have been done without government since it required a 20 year incubation period where all the kinks were worked out. Actually these days I can't even imagine it being done within government...time horizons have shrink too much.

There are a few things I've found working from home the past two months. I was less productive when I did WFH and everyone was in office pre-Covid. But I'm more productive now that everyone is working from home. I think the difference is that WFH employees were usually second thoughts when everyone was in office..so managers would not call you, meetings often had no conference line to call, people would not be at their desk so you had a hard time reaching people. But now that everyone is WFH you have the opposite effect...everyone is reachable easily. Its interesting to see how this will play out. I work at a bank and its pretty obvious they will save huge amounts of money on office space if all their employees worked from home. They recently spend millions training and outfitting "ecosystems" where there is no assigned desks and you just sit anywhere...I asked the person working on this why they were willing to spend so much money and it basically came down to huge savings on real estate since there would be less desks than people. But WFH renders this idea really stupid....why even bother with an office?

Yes. Only ones that weren't from the screen are the cruise lines. Hawaiian Holdings which i bumped on its thread looks very cheap.

Pretty cheap now.

Following stocks look cheap. Found them with a PE >1 and PE <4 screen. This gave 150 stocks which had valueline reports...narrowed down to the following. Children's place looked particularly interesting...no debt, high returns on equity...very cheap. delta airlines alliance data systems Royal carribean, norweign, carnival viacom (VIAC) fiat diamond back eqm midstream enable midstream brinker international delek logistics dana incorporated designer brands discover capri holdings commercial vehicle conn inc comerica caleres amc networks giii aparell gap haiwaiian holdings husky energy kohl's corp macys mednax modine manufacturing movado marlin business pbf energy dave and busters children's place spirit airlines sally beauty signet jewellers spirit aerosystems texas capital united airlines unum group