- The company owns a small fleet of five small and medium range tankers.
- They did a nice job by commencing a private placement and repaying a very expensive loan, and right now, they are in a much better liquidity position.
- However, shares are trading at a premium to NAV.
- Historical evidence suggests that the company has underperformed its peers significantly.
- Pyxis Tankers may pull it off this time but there's no margin for error, as the company must take advantage of the anticipated strong oil market in H2 2021.
For further details see:
Pyxis Tankers Could Make It Happen This Time, But Risks Outweigh Potential Returns