USEA - Imperial Petroleum: Trading Opportunity Ahead Of Anticipated Strong Q3 Results

Summary

• While my negative perception of the company hasn't changed, the common shares might present a decent trading opportunity ahead of anticipated strong Q3 results.
• Outlining expectations for revenues to almost double and EBITDA to triple quarter-over-quarter as a result of ongoing, strong tanker market conditions.
• Updating net asset value ("NAV") estimates. A strong increase in secondhand vessel values has lifted NAV by almost 15% since mid-June.
• Discussing the company's 8.75% Series A Preferred Shares as a considerably less risky way to benefit from the company's strong financial condition.
• Given the powerful short-term catalyst, highly speculative investors and traders should consider a trade in the common shares going into the company's Q3 earnings report.

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