There's a lot of action in energy stocks today as Donald Trump announced on Twitter that Saudi Arabia and Russia are closing in on a deal to cut production by 10-15 million barrels per day. This is going to be challenging, since the two countries only produce 23 million barrels per day between them, so they'd have to cut their production in half. Shortly after...
Hi Guys, what happens when some of the world’s biggest oil traders seek to store crude on tankers at sea? The play is to seek to take advantage of the crash in crude prices and make a profit down the line. It happened in 2009 and in 2015 as reported by Reuters back then in this article: www.reuters.com Today Bloomberg reported that the same play is happening...
I was wondering if anyone care to share an opinion on forecasting this one (Frontline, NOR, tankers) based on the basic info I have highlighted in the chart? I am very much in rookie territory, trying to learn from entering other and more experienced POVs. Any feedback much appreciated. Thanks!
Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns, and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel, and fuel oil. The company was...
According to media reports an oil tanker turned into a fireball after a suspected torpedo attack off the coast of Iran. A second tanker was said to have been targeted by a magnetic mine in a series of explosions. Oil rushed up as we expected. However, we consider this growth an opportunity for sales at a higher price. Considering that this week oil reserves in the...
NASDAQ: $PXS | #PyxisTankers is LITERALLY going to FUCKING TANK!