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EURN - Euronav Sanguine About Medium-Term Tanker Market Prospects
Euronav NV
Source: Euronav
On June 25, 2020, I published an article on Seeking Alpha entitled, "Shorting Tanker Names For Outperformance In 2020: Euronav And Nordic American Tankers." In the article I mentioned that my tanker trading returns earned about 47% year-to-date (YTD), and my Nordic American Tankers (NAT) position price is about the same when I published that article.
Most tanker names have yielded highly negative performance in 2020. For example, Euronav (EURN) is down 25% YTD, and it is among the best performers and best-managed tanker companies.