- 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.
- I re-shorted NAT in mid-May when it became clear to me that the spike in rates would end.
- I was able to wildly beat the tanker sector with a return of +78% v. -75% average in 3 popular tanker companies year to date.
For further details see:
Why Selectively Shorting Tanker Names Paid Off In 2020