g****r
发帖数: 306 | 1 Tickers in small cap in this line include "osg, fro, tnk, tnp,gass, stng",
in which i particularly like FRO, thanks to its recent successful
restructuring of the company, which virtually reduced its debt level to zero.
Adgang's notice of OSG yesterday is a good timing.
Frontline, Overseas Shipholding Rallying, but for How Long?
--------------------------------------------------------------------
The tanker stocks have been moving wildly today, as recent corporate news
and geopolitical events have been affecting the companies. For example,
Businessweek reported that Iran sanctions are tightening as Frontline (NYSE:
FRO [FREE Stock Trend Analysis]) and Overseas Shipholding Group (NYSE: OSG)
are halting crude cargo from Iran. Additionally, OSG filed a $500 million
shelf yesterday, which will allow the company to raise more capital
Frontline was up over 5 percent and Overseas Shipholding Group nearly 10
percent on today's trading session.
Iberia Bank's analyst, David Beard, told Benzinga that he believes “the
moves in shipping were partly sparked by short covering in OSG, following
their $500mm shelf filing. My thoughts are that the shorts might have
realized that OSG can use its unencumbered ships to raise additional capital
, thus enabling the company to generate substantial liquidity."
"With several tanker pools announcing that they are not willing to ship
Iranian crude oil, we believe oil shippers will need to offer higher rates
to move crude oil out of the Gulf, given the heightened risk. Higher rates
are always good for tanker stocks," Beard continued.
Evercore Partners' Jonathan Chappell cited Overseas Shipholding Group's
shelf filing as one of the drivers behind today's rally. He stated that “
OSG filed a $500 million shelf last night, which may lead some to believe
that any liquidity/financing concerns could be alleviated.” In addition,
Chappell mentioned that “OSG suspended its dividend Thursday night, which
was a catalyst shorts were holding out for - with that removed they probably
didn't have an identifiable catalyst.”
He also sees the recent product tank orders and stated desire to invest in
VLCC newbuildings later this year by Frontline's Chairman as a potential
sign that the market is bottoming and points out that the rally in dry bulk
stocks may be helping the liquid tanker companies.
One dry bulk name that has rallied in February is DryShips (NASDAQ: DRYS)
that is up almost 70 percent since the beginning of the month. | g****r
发帖数: 306 | 2 Check oil tankers' move including osg, fro, tnk in the past few days. Really
amazing! Dry bulk shippers (drys, gnk etc.) ride the tide together with
them.
Why?
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Oil tanker market picking up markedly: Frontline CEO
By Joachim Dagenborg
OSLO | Thu Mar 15, 2012 9:40am EDT
(Reuters) - Demand in the crisis-hit tanker market has picked up
considerably in recent weeks helped by surprisingly high activity from ships
transporting oil to China, the CEO of Frontline (FRO.OL), a bellwether for
the sector, told Reuters.
Frontline is controlled by shipping tycoon John Fredriksen.
"We see an incredible amount of fixtures from the Persian Gulf at the moment
, so there is really a lot of activity in the tanker market," Jens Martin
Jensen said in an interview.
Rates to hire oil tankers stood at between 25,000 and 30,000 dollars per day
said the executive. He hoped those rates could hold given Chinese oil
demand.
"Hopefully this is a sign that China's incredible refinery capacity has
increased, because there is a lot more activity happening in China. It looks
very positive right now."
"The market is certainly better than what we thought it would be right now,"
he added.
zero.
NYSE:
【在 g****r 的大作中提到】
: Tickers in small cap in this line include "osg, fro, tnk, tnp,gass, stng",
: in which i particularly like FRO, thanks to its recent successful
: restructuring of the company, which virtually reduced its debt level to zero.
: Adgang's notice of OSG yesterday is a good timing.
: Frontline, Overseas Shipholding Rallying, but for How Long?
: --------------------------------------------------------------------
: The tanker stocks have been moving wildly today, as recent corporate news
: and geopolitical events have been affecting the companies. For example,
: Businessweek reported that Iran sanctions are tightening as Frontline (NYSE:
: FRO [FREE Stock Trend Analysis]) and Overseas Shipholding Group (NYSE: OSG)
| m*******y
发帖数: 904 | 3 这几个太厉害了！可惜没有跟
Really
ships
【在 g****r 的大作中提到】
: Check oil tankers' move including osg, fro, tnk in the past few days. Really
: amazing! Dry bulk shippers (drys, gnk etc.) ride the tide together with
: them.
: Why?
: -------------------------------------------------------
: Oil tanker market picking up markedly: Frontline CEO
: By Joachim Dagenborg
: OSLO | Thu Mar 15, 2012 9:40am EDT
: (Reuters) - Demand in the crisis-hit tanker market has picked up
: considerably in recent weeks helped by surprisingly high activity from ships
| R***a
发帖数: 2605 | |
|
