- DHT has locked up a significant portion of the tanker fleet on good time-charters after a profitable period, which makes the company very resilient.
- The stock price and price to book is around 1-year lows, which likely makes this an attractive entry point.
- We are now close to a level where buybacks might be an alternative for management, judging by the willingness to redeem the convertibles.
- We are unlikely to see many new-build tankers flooding the market due to several longer-term uncertainties.
For further details see:
Solid Time Charters Make DHT A Great Risk Reward At This Level