ASC News and Press, Ardmore Shipping Corporation From 11/02/20

The company has a fleet of petroleum product tankers with a few chemical tankers. It earned around $20,000/day per tanker during the first half of 2020. Rates fell, but it expected them to rise going into the 4th quarter and added two tankers to its fleet. But rates have inste...

Tanker market equities have been in a "perpetual penalty box" awaiting a return to profitability, Evercore ISI says, observing months of softness that are finally bringing expectations in line with market reality. It's lowering targets to bring them in line. That softness is set to continue w...

Ardmore Shipping Announces Third Quarter 2020 Conference Call and Webcast PR Newswire HAMILTON, Bermuda, Oct. 28, 2020 HAMILTON, Bermuda , Oct. 28, 2020 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today anno...

I shorted EURN in mid-January and NAT at end-January. It had become obvious that IMO 2020 was not living up to expectations and that the virus would affect oil demand and tanker rates. I closed my shorts in March when oil futures prices created a demand for tankers for storage. ...

The POWR Ratings systems evaluates stocks on a daily basis using various metrics. Here are four recently downgraded stocks that should be avoided for at least the rest of the year: Entercom (ETM), Braemar Hotels & Resorts (BHR), Ardmore Shipping Corporation (ASC), and Liquidia Technologie...

This review will function as a post-mortem of the popular spring 2020 'tanker trade' or 'floating storage trade.' We review performance as well as dissect which types of firms outperformed. In market theory, dividends are simply an allocation of capital and shouldn't determine multipl...

Gainers: Sky Solar (SKYS) +14%. Lithium Americas (LAC) +10%. Ardmore Shipping (ASC) +10%. Companhia Siderurgica Nacional (SID) +10%. NextDecade (NEXT) +9%.Losers: Oasis Petroleum (OAS) -34%. Houston American Energy (HUSA) -30%. Oasis Midstream Part...

Ardmore Shipping (ASC) board authorized a $30M new share repurchase plan.Shares +3% premarket. For further details see: Ardmore Shipping approves stock repurchase program

Ardmore Shipping Announces New $30 Million Share Repurchase Plan PR Newswire HAMILTON, Bermuda, Sept. 29, 2020 HAMILTON, Bermuda , Sept. 29, 2020 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced t...

Oil supertankers - which just six months ago enjoyed a windfall as the pandemic cut demand for crude and traders raced to book vessels to store the resulting glut - now earn the lowest in nearly two-and-a-half years . More news on: Frontline Ltd., Nordic American Tankers Limited, Navios M...