Solid fundamentals for Frontline after being oversold
Many people thought that the tankers business would suffer, but it's the opposite that happened, because tankers not only deliver oil relatively to a global oil demand (that suffered for sure), but they also STORE. And this is not free.
Companies like Frontline were payed to store the global surplus:
www.seatrade-maritim...you-are-tanker-owner
www.cnbc.com/2020/04...ankers-ceo-says.html
On the other side, we have some encouraging data regarding the demand for tankers:
www.seatrade-maritim...s-real-frontline-ceo
All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!
Companies like Frontline were payed to store the global surplus:
www.seatrade-maritim...you-are-tanker-owner
www.cnbc.com/2020/04...ankers-ceo-says.html
On the other side, we have some encouraging data regarding the demand for tankers:
www.seatrade-maritim...s-real-frontline-ceo
All of this explains the big surge in volatility and volume these last months, and ups and down that were about 40%!
Kommentera:
No financial advice given here
Kommentera:
(talking about "surplus" in the context of COVID-19 oil demand crisis)*
(19/05/2020)
(19/05/2020)