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LONDON and NEW YORK (Bloomberg) -- For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for their vessels to plunge as cargoes dwindled. That’s not how it’s played out this time, according to one of Europe’s biggest supertanker operators.
Perhaps better than expected, but the company is warning for a weak second half of the year.
Expeditors International of Washington, Inc. (EXPD - Free Report) is slated to report second-quarter 2017 results on Aug 8.
Shipping often rides boom and bust cycles, and much of that can be traced to the supply side.
The stock market is often cited as a discounting mechanism, implying that it reflects both current and future events.
Nordic American Tankers operates a fleet of 33 Suezmax crude tanker vessels, of which 30 are currently operating (3 on order).
This article was written in response to questions I received from Value Investor's Edge subscribers about how the recent fall in crude prices might impact tanker demand.
Broad markets are trading near all-time highs and there are several sectors and stocks that are overvalued. However, there are other sectors that have been relatively depressed and companies in these sectors have underperformed.
(Bloomberg) -- Late last month, an oil tanker that measures three football fields long and six stories high moved slowly through the port of Corpus Christi, Texas, to test the waters of America’s booming crude-export industry.
Looking for a stock that might be in a good position to beat earnings at its next report? Consider Martin Midstream Partners L.P. (MMLP - Free Report) , a firm in the Transportation – Shipping industry, which could be a great candidate for another beat.
Euronav is a shipping company focused on crude oil tankers, with the largest publicly-traded fleet on a cargo capacity basis.
Over the last five years, the VLCC fleet has experienced significant growth leading to the current oversupply situation.
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
Growth, whether it's dividend growth or earnings growth, we all want to be in on the rising part of the trajectory. In the shipping biz, the usual way to create growth is to take on new vessels, which is what Norway-based Ocean Yield ASA (OTCPK:OYIEF) has concentrated on over the past several quarters.
DHT Holdings (DHT) is a shipping company focused on Very Large Crude Carriers ("VLCC"), each of which is capable of transporting up to 2M barrels of oil.
Nordic American Tankers (NAT) is a shipping company focused on Suezmax crude tankers, each of which can carry up to 1M barrels of oil.
Euronav's only commitment is to purchase 2 new Suezmax vessels for $112M, very likely to replace 20 year old vessels in 2018.
The following slide deck was published by Euronav in conjunction with their 2017 Q1 earnings call.
For investors looking for momentum, the WisdomTree Europe Small-Cap Dividend Fund (DFE - Free Report) is probably on your radar now. The fund just hit a 52-week high. Shares of DFE are up roughly 26.9% from their 52-week low price of $47.4/share.
VLCC stands for Very Large Crude Carrier and they typically can transport 2,000,000 barrels of oil. Companies engaged in the ownership of these vessels include DHT Holdings (NYSE:DHT), Euronav (NYSE:EURN), Frontline (NYSE:FRO), Gener8 Maritime Inc. (NYSE:GNRT), Navios Maritime Midstream Partners L.P. (NYSE:NAP), and Ship Finance International Limited (NYSE:SFL).
Heartland Advisors is out with a white paper showing buying the 2nd quintile highest yielding stocks works better.
Wirecard AG and Ashmore Group have a lot of potential, according to two Seeking Alpha authors!
Management has raised the dividend 13 straight quarters, and should raise it again in coming quarters.
The end of 2016 ended on a positive note as higher rates brought renewed optimism to the crude tanker market.
China is one of the top importers of crude oil with 90% of 2016 growth traced to the rise of independent refineries also known as Teapots.