Randy Giveans, a shipping analysts for Jefferies was quoted about recent market actions, saying it was "the craziest price action I've seen in my nine years covering the space." He was speaking about DHT Holdings (DHT) and Scorpio Tankers (STNG) prices after earnings reports to Greg Miller, Senior Editor for FreightWaves. He continued:
Today's performance is ridiculous. Both DHT and Scorpio Tankers were up 4-5% when the market opened, and both press releases and calls were very bullish. These earnings-to-equities disconnects are crazy. Had I not looked at the screen, I