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Note: I have covered Performance Shipping (NASDAQ: PSHG - formerly DCIX ) previously, so investors should view this as an update to my earlier articles on the company. Two months ago, I provided an update on Performance Shipping, a small Greece-based company currently transfo...
Tanker stocks are rallying, as WTI crude oil plunges again amid pressure from a huge glut: NAT +16.5% , TNP +11.2% , TK +8.9% , FRO +7.7% , ASC +7.3% , DHT +7.2% , TNK +7.1% , EURN +6.7% , DSSI +6.1% , STNG +4.8% . More news on: Nordic American Tankers Limited...
Axsome Therapeutics (NASDAQ: AXSM ) +44% as Avadel Pharmaceuticals gains 34% on positive data on lead drug. More news on: Axsome Therapeutics, Inc., Avadel Pharmaceuticals plc, Yield10 Bioscience, Inc., Stocks on the move, , Read more ...
Because of the COVID-19 pandemic, half of the world’s population is currently in lockdown mode. Few cars are on the streets, and few airplanes are in the sky, nobody goes on cruise ships. The global lockdown has led to a significant decline in global oil demand. Even with the recent agr...
Introduction We can try to speculate what happened in the crude oil futures market Monday, April 20, but Goldman Sachs (GS) did it for us . To summarize, Roger Diwan of IHS Markit said: Speculators found themselves unable to resell the WTI contract, and have no storage booked to get del...
By now, everyone has heard of Hin Leong's bankruptcy filing in Singapore. However, we should remember that Hin Leong owns and operates Universal Terminal, one of the largest crude oil terminal and storage facilities in the world. And, that out to the massive number of tankers anchored in Singa...
Energous (NASDAQ: WATT ) +143% on FCC certification . More news on: Energous Corporation, Vaxart, Inc., My Size, Inc., Stocks on the move, , Read more ...
Note: I highlighted the 'Buy Crude Tankers' thesis in a fully public report on 13 March. I recommend reading that one for initial context. Image Credit: DHT Holdings, Q4-19 Presentation Background: COVID-19 Sparks Oil Oversupply Coronavirus (COVID-19) descended with a fury u...
( NOAA - Photo of Oil Spill) As of writing, crude oil front-month contracts are -$35 per barrel. This is, by far, the worst day for crude oil in history. The commodity has done the (seemingly) impossible: falling over 100% in a day. In fact, crude oil declined 260%, which makes the previo...
Oil prices went haywire today, plummeting far below the lowest prices on record , and actually ending at negative levels. By close of trading Monday, the futures contract price for WTI crude to be delivered in May was negative $18.15 per barrel. And yet, oil tanker stocks soared. By the...
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2024-07-10 21:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
HAMILTON, BERMUDA, June 13, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announces the results of its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) held on Wednesday, June 12, 2024. Shareholders holding an aggregate of 111,155,645 common shares ...